The key findings of a research report by Rhyme Systems, an asset management solutions provider, are that investment firms require more flexible third-party reporting applications to meet the continually growing demand for faster, more complex data reports and are currently prioritising the accuracy and quality of reports above the costs of producing them, the firm announced yesterday. Only firms with modern integrated reporting solutions are able to offer flexibility in reporting without impacting lead time or cost significantly, the study finds.
GL TRADE, an integrated and multi-market software solutions provider to financial institutions, has announced a contract with HSBC France to supply GL TV screens to several of the group's Paris locations and its new HSBC Premier Centres currently being set up throughout France.
Software vendor PolarLake has launched a reference data distribution application for sell-side and buy-side customers, custodians and fund administration firms.
The company says PolarLake RDD offers a faster delivery time; a purpose-built solution to tackle the complexity of reference data distribution; support for third party vendor systems and messaging protocols such as GoldenSource, LatentZero, Charles River, Swift, and FpML; and lower resource requirements, allowing staff to concentrate on the business problem, not the technology. PolarLake RDD has already been deployed at a global fund manager, where the vendor claims it has resulted in the distribution of “golden copy” reference data to multiple downstream systems in 75% less time, while using 80% less resources than traditional data integration solutions, which require custom coding and complex line drawing
AIM-listed market data services provider Knowledge Technology Solutions PLC (KTS) says it made a group loss before tax of £580,283 on turnover of £555,884 in 2006.
The company says it is pursuing a new growth strategy, including developing MiFID and MarketTerminal ON-SITE services. It has raised £1.8 million from share placings to fund these moves.
SunGard has released a new version (4.1) of its referencePoint reference and market data application. The company says the new version includes better performance and greater flexibility within its configuration and workbench tools, reporting, and historical data archives.
Interactive Data Corporation has responded to the growing demand from certain investment strategies for faster access to data by launching a new low-latency direct exchange data service.
Called DirectPlus, the service, which is planned for release in the second quarter of 2007, is designed to provide customers with access to sub-one millisecond data for powering a range of low latency financial applications, including algorithmic trading engines and order management systems.
Market data integration specialists Rimes Technologies have added PacificData to their list of data partners. PacificBase is a Japanese company fundamentals database owned by PacificData, and it is now integrated with the analytics and international data already available through Rimes.
Tullett Prebon Information (TPI) says it has started packaging and distribution of its global commodity and energy content, as well as its established money, capital and treasury markets products.
To oversee this operation, TPI has appointed Craig Tee as Head of Global Energy and Commodities. Tee joins from Genscape, where he headed up European sales on Power, Gas and Emissions. At TPI, he aims to commercialise information within the trading, risk, valuation and research areas of both the buy and sell side.
GL TRADE, a provider of integrated multi-market software solutions for financial institutions, has decided to offer, free of charge, market data collection services to all institutions seeking to publish prices within the framework of MiFID for the deregulation of listing and order execution for financial instruments. GL TRADE is thus positioning itself as a key player in data aggregation.
Thomson Financial, an operating unit of The Thomson Corporation and provider of information and technology solutions to the worldwide financial community, announced yesterday that BT Radianz, a provider of financial services connectivity, will provide network services for the new low-latency Thomson Data Feed (TDF). BT Radianz will provide connectivity for TDF, giving clients access to exchanges available in low latency, as well as Thomson Financial’s (TF) universe of real-time content. TF announced last week that they would embed Wombat Financial Software's low-latency technology with real-time TDF.