FiNETIK – Asia and Latin America – Market News Network

Asia and Latin America News Network focusing on Financial Markets, Energy, Environment, Commodity and Risk, Trading and Data Management

Latin America: NYSE Technology & ATG stream line Trading & Data Access to LatAm

NYSE Technologies, the commercial technology unit of NYSE Euronext, and Americas Trading Group (ATG) are pleased to announce the production use of their high-performance order routing and market-data platform offering the global trading community low-latency access to the key trading venues in Latin America.  Leveraging NYSE Technologies’ Secure Financial Transaction Infrastructure (SFTI), the network connection delivers the lowest possible latency between New York and Sao Paulo.

Now the Global Capital Markets Community can leverage their existing SFTI connectivity to access ATG’s sponsored access gateways for direct order routing to Latin American exchanges and brokers.   Market data from key global financial markets is also available to clients in Latin America while Latin American market data can now be distributed world-wide.

“We are pleased to continue our strong partnership with ATG by working closely to expand our presence in Latin America to offer faster, simplified access to these highly attractive trading venues,” said Stanley Young, CEO, NYSE Technologies. “This is a key step in increasing access to, and liquidity in Latin America and working with ATG we will operate the highest performing route in the region.”

“Our local expertise, relationships and long-term commitment to the region combined with the technology and know-how NYSE Technologies brings to this project, create a compelling customer solution to a challenging market,” commented Martin Fernando Cohen, CEO, ATG.  “With the emergence of Sao Paulo as one of the world’s financial capitals, the increased access to local markets by global investors will enable local buy and sell side firms to play a significant role in the further emergence of a global capital markets community.”

ATG uses NYSE Technologies’ Managed Transaction Hub to offer access to local and cross border order flow between exchanges and brokers in Brazil, Mexico, Chile, Colombia and Peru.   All SFTI customers will have the ability to directly access Chile’s Bolsa de Comercio de Santiago, Colombia’s Bolsa de Valores de Colombia and Peru’s Bolsa de Valores de Lima using the ATG’s Mercados Integrados Latino Americanos (MILA) infrastructure.

Source: Mondovisione, 01.05.2012

Filed under: Brazil, Chile, Colombia, Exchanges, Latin America, Market Data, Mexico, Peru, Trading Technology, , , , , , , , , , , , , , , , , , , , ,

Market Data Technology to Hit $3.6B in 2012

Demand for market data acceleration is driving the global investment in sell-side, market-data distribution technology in 2012 to $3.6 billion, according to a report released by the Tabb Group.

The report, Market Data Acceleration: More than Just Speed, also predicts 4.5% compound annual growth in these investments for the next three years based on expected growth in FX, Derivatives and Commodities as well as movement by Asian markets towards automation.

The largest segment of this investment, 73%, will come from Europe and North America, but according to Tabb Group, there’s considerable growth potential from the Asian markets.

Moreover, while the equities markets are matured from a growth perspective, driving 45% of the global spend, a strong percentage of growth will come from over-the-counter (OTC) derivatives, FX and commodities.

According to the report, market data is an area where performance can play a crucial role for a host of trading activities. Obtaining, decoding and utilizing market data in a timely and efficient manner are no longer the purview of the ultra-low-latency firms; everyone involved needs to be able to get at market data in as timely a fashion as possible.

“This is not to say that everyone needs to be at the ‘tip of the spear’; however, it does mean that anyone who is actively involved in trading needs to be moving in that direction,” said the report.

However, according to the research firm, firms are struggling with conflicting pressures of the “need for speed” in comparison to the “need to save,” as they try reconcile price with performance.

“Market participants need to ensure that their investment in speed gets them more than just a solitary solution for a single platform,” said Tabb partner and report writer Alexander Tabb in a statement.

Different firms, according to Tabb, have different strategies, thus different needs. Whether a firm is a high frequency trader, an institutional market maker, or an algo-trading desk, the challenge is placing speed into its proper context within the accelerated market data equation.

“Due to the democratization of speed, it’s essential for every buyer to remember to factor in total cost of ownership, price versus performance, operational flexibility, control, scalability and time-to-market,” says the report.

Source: Securities Technology Monitor. 23.04.2012

Filed under: Data Management, Data Vendor, Market Data, , , , , , , , , , ,

Peru: Lima Stock Exchange (Bolsa de Valores de Lima) selects the SunGard Global Network for Market Data Distribution Bolsa de Valores de Lima selects the SunGard global network for Market Data Distribution

Bolsa de Valores de Lima S.A. (BVL), the Peruvian stock exchange, has selected the SunGard Global Network (SGN) as a distribution channel for its data.

Peru is expected to be Latin America’s fastest growing economy in 2012, according to its Economy and Finance Minister. U.S. Department of State figures show that its economic growth averaged 7.0% a year for the 7 years up to 2010, due in large part to market-oriented economic reforms and privatization, as well as high international prices for the country’s largest commodity exports.

SGN will help BVL reach a broad international audience by delivering its real-time market data and multi-asset class historical data and analytics to asset managers and brokers worldwide. Those firms will also be able to route orders to the exchange via SGN, contributing to activity on BVL.

Francis Stenning, chief executive officer of the Bolsa de Valores de Lima, said, “Joining the SunGard Global Network will help Bolsa de Valores de Lima increase our visibility internationally and create new trading opportunities for our members.”

Philippe Carré, global head of connectivity of SunGard’s capital markets business, said, “We are seeing increased demand for direct connectivity to Latin America as the debt crisis drives international investors to seek alternatives to western Europe and US markets. The SunGard Global Network makes it easy to route orders and access real-time, high quality data, helping our customers operate more efficiently and make more informed trading decisions.”

Source: BobsGuide,17.04.2012

Filed under: Exchanges, Latin America, Market Data, Peru, , , , , , ,

Brazils BM&FBOVESPA to aid Chiles Santiago SE (BCS) with Derivatives Knowledge Transfer exchange

BM&FBOVESPA and the Santiago Stock Exchange (BCS) signed an agreement today (April 12, 2012) that sets out the implementation of the Chilean derivatives market at the Santiago Stock Exchange. The agreement provides for the transfer of derivatives market knowledge from BM&FBOVESPA to the Chilean Exchange, encompassing products such as equity, interest rate and FX options and futures.

The alliance between the two exchanges began in December 2010 and other strategic projects are in the pipeline, such as connectivity and order routing and market data distribution in particular.

Source:MondoVisione, 12.04.2012

Filed under: BM&FBOVESPA, Brazil, Chile, Exchanges, Latin America, , , , , , , , , , ,

Tullett Prebon to pay out over BGC data misuse

Tullett Prebon has agreed to pay $800,000 to its US rival BGC after misuse of data by some of its brokers, closing one chapter in a long-running legal battle between the two interdealer brokers.

The settlement, which was ordered by a US arbitrator, is smaller than Tullett had expected, and far lower than the sum sought by BGC, which claimed it had suffered damages of “hundreds of millions of dollars”. The arbitrator found that BGC was not the “prevailing party”, meaning it was not entitled to reclaim legal costs from Tullett.

The dispute related to trading data provided by BGC that Tullett packaged with its own data and sold to information providers such as Reuters and Bloomberg. Under the terms of the deal between the two groups, Tullett’s brokers were not allowed to use the BGC data after January 25 last year but some continued to do so.

In Tullett’s latest full-year results statement it reported a provision of £12.4m to cover the anticipated cost of settling the data misuse case and the costs of two other cases it is pursuing against BGC. Those cases relate to BGC’s alleged “poaching” of more than 50 brokers from Tullett’s US division in late 2009. Last year BGC made an out-of-court payment to settle a similar claim relating to Tullett’s UK business.

Source: FT, 22.03.2012 by Simon Mundy

Filed under: Data Vendor, Market Data, , , , , ,

S&P Capital IQ aquieres QuantHouse low latency market data provider

S&P Capital IQ, a business line of The McGraw-Hill Companies (NYSE: MHP) offering global multi-asset class data solutions, market research and portfolio risk analytics to global investors, today announced it has acquired QuantHouse, an independent global provider of market data and end-to-end systematic trading solutions. This includes ultra-low-latency market data technologies, algo-trading development frameworks, proximity hosting and order routing services for hedge funds, market makers, proprietary desks and latency-sensitive sell-side firms.

“The acquisition of QuantHouse will provide our clients with access to exchange pricing globally, including securities valuations and portfolio analytics, throughout all our desktop and enterprise solutions. In addition, the extensive capabilities QuantHouse brings will enable S&P Capital IQ to build our own unique real-time monitors, derived data sets and analytics,” said Lou Eccleston, President of S&P Capital IQ and S&P Indices.  “As the foundation for our growing Enterprise Solutions business, QuantHouse will enable us to offer one integrated low-latency feed for all our data, including fundamental, fixed-income, equity and derivatives.”

“We are very excited to be a part of S&P Capital IQ,” said Pierre-Francois Filet, chairman and co-founder, QuantHouse. “Together, we can focus on developing a new generation of alpha-generation tools, low-latency transaction infrastructure and integrated low-latency data feeds to maximize offerings and strengthen S&P Capital IQ’s competitive positioning.”

This purchase, along with the recently announced acquisition of R2 Financial Technologies and the expected acquisition of CMA later this year, provides S&P Capital IQ with the components necessary to offer its clients the most comprehensive market data and risk analytics platforms in the industry.

Following the acquisition, QuantHouse’s 90 employees, based in Paris, London and New York, will become a critical component to S&P Capital IQ’s global growth strategy as part of the Enterprise Solutions unit. In the short term, its products and services will continue to be sold as standalone feeds and applications, although all S&P Capital IQ and S&P Indices content will gradually be consolidated into QuantHouse feeds.

Source: Mondovisione, 04.04.2012

Filed under: Data Vendor, Market Data, , , , ,

Active Financial expands offerings through Global Infrastructure ActivNet

Activ Financial, a global provider of fully managed low-latency and enterprise market data solutions, today announced that ActivNet, the firm’s global infrastructure for the transmission of financial data worldwide, is expanding its offerings to include raw feed delivery and trade order routing. Originally developed to provide access to locally aggregated raw direct exchange feeds as well as globally aggregated exchange feeds, the collocated, highly managed and reliable system is now also being utilized for trade/execution transport and other latency sensitive data.

“ActivNet is a fully realized global infrastructure that has a proven track record as a high-performance, stable and low-latency communications platform,” said Antonio Bernard, Chief Network Architect of Activ Financial. “By offering additional capabilities vital to the financial sector, businesses across the world can access high-quality data and execute trades at the fastest speeds available, all without the added costs necessitated by building and maintaining their own global network infrastructure.”

ActivNet is optimized for real-time information services related to price discovery, eliminating transfer issues often facing multi-purpose networks. To support the infrastructure, ACTIV’s proximity centers operate in more than 20 physical global centers around the world, either in or near exchanges in key market locations, ensuring space, power, cooling, and an extensive, flexible network that is able to meet demanding requirements.

The architecture behind ActivNet provides the speed advantages of local direct feeds plus fast delivery of content from away markets. By leveraging the concept of an A & B Ring, which provides a fully resilient and dynamic path for delivery of raw exchange data and market data, coupled with strategic points of presence across major international locations, users are granted extremely high levels of traffic engineering capability. This architecture provides best in class latency characteristics while also providing the highest degree of resiliency. In addition, the commitment to carrier neutrality allows ACTIV to leverage the best providers between points where reliability is critical.

“ActivNet was originally designed to drive our core business at Activ Financial, and as such customers can trust that the network is maintained at the highest level.” said Activ Financial President Frank Piasecki. “We are consistently searching for and testing new routes and offerings and investing in our infrastructure, and businesses can take advantage of the quality system that Activ Financial uses for its own data needs every day.”

Source: A-Team, 03.04.2012

Filed under: Data Vendor, Market Data, Trading Technology, , , , , ,

HKEx selects NYSE Technology Exchange Data Publisher for Hong Kong Market Data Plattform

Hong Kong Exchanges and Clearing Limited (HKEx) has selected NYSE Technologies’ Exchange Data Publisher (XDP)™ to drive the HKEx Orion Market Data Platform.  XDP is an ultra-low latency solution designed to collect, integrate and disseminate real-time market data to local customers and, using regional hubs, to customers around the globe.

The HKEx Orion Market Data Platform will deliver market data for all securities and derivatives traded by HKEx in a common message format.  It will be capable of distributing more than 100,000 messages per second at microsecond latency.  It will be rolled out for HKEx’s securities markets towards the end of the second quarter of 2013, with a remote distribution hub in Mainland China and integration with HKEx’s derivatives markets to follow.

With the establishment of remote distribution hubs under the new market data platform, HKEx will be able to establish points of presence for market data distribution outside of Hong Kong, such as in Mainland China, where information can be relayed to local customers.

“The HKEx Orion Market Data Platform will enable us to improve our customers’ market data experience by providing a suite of market data product feeds with content, market depth and bandwidth requirements tailored to suit the needs of different types of customers,” said Bryan Chan, Head of Market Data at HKEx.  “We selected NYSE Technologies’ XDP solution based on its high performance capabilities as well as the flexibility it offered to meet our customer requirements.”

XDP is based on NYSE Technologies DataFabric 6.0, an industry-leading platform offering high throughput, scalable application messaging and microsecond latency.

“HKEx’s selection of XDP reaffirms our technology expertise and ability to deliver innovative products that operate effectively in markets around the world, particularly in the growing Asian marketplace,” said Stanley Young, CEO NYSE Technologies.  “In XDP we are providing HKEx with the robust features of a proven platform and the advantages of functions tailored to their unique trading environment.  We are pleased to be working with one of the world’s leading markets to deploy a world class market data platform that will serve customers in Hong Kong and Mainland China.”

Source, MondoVisione 29.03.2012

Filed under: Data Management, Exchanges, Hong Kong, Market Data, , , , , , ,

Bloomberg boosts network speed and efficiency in Asia

Bloomberg L.P., financial data, news and analytics provider, has extended availability of its enterprise data services in markets throughout Asia. An efficient network of data centers across the region enables the delivery of reliable collocation, connectivity and infrastructure services along with reduced latency in data distribution.

The expansion of low-latency services throughout Asia includes Equinix Inc.‘s Hong Kong and Sydney-based International Business Exchange (IBXÒ) data centers, further strengthening the existing Bloomberg deployments in New York, Chicago, Slough and Frankfurt. Current and prospective customers located inside these Equinix IBX data centers can now directly connect to Bloomberg’s real time data, B-Pipe and Event Driven Trading feeds.

The coordinated service delivery also benefits customers of Bloomberg’s agency broker, Bloomberg Tradebook, in New York, London and Hong Kong.

“Together, Equinix and Bloomberg address a market need for secure and reliable connectivity to multiple partners simultaneously,” said John Knuff, general manager, global financial services at Equinix. “The expansion of services into Asia enables Bloomberg customers to leverage our global footprint of data centers. And Bloomberg’s presence across these markets adds further value to the global financial ecosystem inside Equinix.”

Source: NetworkAsia,02.03.2012

Filed under: Asia, Australia, Data Vendor, Hong Kong, Japan, Market Data, Singapore, , , , , ,

Bloomberg unveils its NEXT terminal

On its 30th anniversary Bloomberg officially launched an updated $100 million version of its core terminal yesterday in London and New York simultaneously. The NEXT platform of the Bloomberg Professional Service is intended to give traders and financial services end users faster, deeper insights into the markets and to enable the market data terminal to answer questions more intuitively in future, not just present research and data, via an enhanced ‘natural language’ search function and ‘give me the answer’ front-end tool.

According to Tom Secunda, the co-founder and vice chairman of Bloomberg speaking at the launch, “this is an evolutionary step” that helps order increasingly complex markets and aids productivity, while continuing the company’s mission to deliver on “Mike Bloomberg’s famous three-legged stool, consisting of news, data and analytics”. The NEXT platform consolidates and crucially integrates these feeds better than ever before believes the company, giving users easier access to the information that exists on the terminal and enhancing the customer experience.  “For example, you can ask what was US CPI in 2000 …and bang, there is the answer.” Users can then drill down into the answer for further research, added Jean-Paul Zammitt, global head of core product development at Bloomberg, pointing out that this is the key presentational change in the NEXT platform, requiring every help screen and back end process to be rewritten and updated.

Under development for the last two years, Bloomberg asserts that 3,000 technologists were involved in the overhaul of its core terminal, which is used by traders, analysts and even some large multinational corporate treasuries looking to hedge their foreign exchange exposure. A select group of existing clients, including OCBC Bank, Credit Agricole CIB, and Glenhill Capital were involved in the development phrase, allowing Bloomberg to review common keystrokes and commands across an array of functions in order to improve the customer experience.

More than 100,000 clients have already converted to Bloomberg NEXT at no extra cost in the £20,000 per year outlay since its ‘soft launch’ at the end of last year, with less than 1% converting back to their old terminal. The company said that two thirds of them are using the NEXT platform more than their old terminal and that it wants to convert all of its 313,000 subscriber base for the Bloomberg Professional Service by the end of this year.

“Bloomberg NEXT saves me time by discovering functions and data more quickly,” said Seth Hoenig, head trader at one of the ‘soft launch’ development partners, Glenhill Capital. “The new help menus enable users to find the answer that they need fast. Stumbling upon the hidden gems within Bloomberg has always been revelatory; now it’s easier.”

According to Lars Hansen, senior portfolio manager at Denmark’s DIP, the Danish Pension Fund for Engineers: “Bloomberg NEXT is a major step forward. It is much more intuitive – you can see multiple pieces of information on one screen, which lets you see new interrelationships.”

Bloomberg highlighted what it sees as three key improvements in its updated terminal:

• Better discoverability: Bloomberg NEXT’s new discoverability features allow users to get quick, direct answers to their queries as well as pull together a wide variety of related details such as companies, research and charts. A more powerful search engine means users can type just a few words and go directly to the desired securities, functions, people and news. The streamlined menu listing puts the most relevant information and topics right up front.

• More uniformity: Every screen of the Bloomberg Professional Service has been redesigned to provide a common look and feel. This consistent interface across all asset classes, from FX to commodities and fixed income, and across all functions should allow expert users and generalists alike to more efficiently navigate often-used functions and discover new ones. An educational overview of each market segment for novices is also included in the update.

• Intuitive workflow: The functionality of the Bloomberg Professional service has been re-engineered so that a user should be able to quickly and seamlessly navigate through the series of questions and answers essential to making smart market decisions. The new workflow, with user prompts, in Bloomberg NEXT is intended to allow expert users to drill deeper into the data and to let occasional users discover new functions.

“The complexity and interconnectedness of the global financial marketplace has grown significantly. Business and financial professionals need to synthesize astounding amounts of information to make intelligent investment decisions,” explained co-founder, Tom Secunda. The firm is still a big believer in a single product approach, however, he stressed at the official launch of NEXT but this, “obviously gives us challenges as markets get more and more complex.”

NEXT is Bloomberg’s response. “The pace of change in financial markets will only accelerate and with it the need for more information,” added Secunda, before concluding that he believes, “Bloomberg is now positioned to quickly answer those evolving questions and ensure that our clients will always have the leading edge in making investment decisions.”

News Analysis 

Bloomberg’s new NEXT platform will go head-to-head against Thomson Reuters in the market data sector, which is increasing in value as financial markets get more and more complex and new post-crash regulations place new information demands upon market participants. Both companies are running neck and neck in terms of market data share, with estimates of 30% for each at present.

One terminal is proprietary, of course, with Bloomberg maintaining its closed market data platform in its NEXT iteration, while Thomson Reuters is now following an open access model with its Eikon terminal, allowing users to add their own data and applications. The relative failure of Thomson Reuters Eikon platform, which has sold only tens of thousands of units since launch rather than the hoped for hundreds of thousands, is what prompted the open access model from Thomson Reuters, although it does of course take time to build up a following. It will be interesting to see if Thomson Reuters move allows the firm to win back lost market data share or if Bloomberg’s updated terminal can keep it on its recent upward curve. The former is still benefiting from the 2008 merger that united Thompson Financial with Reuters, giving it synergies in the data collection and delivery areas, but the competition between the two has just hotted up.

Source: Bobsguide, 28.02.2012

Filed under: Corporate Action, Data Management, Data Vendor, Market Data, News, Reference Data, , , , , ,

White Paper: Big Data Solutions in Capital Markets – A Reality Check

Big Data has emerged in recent months as a potential technology solution to the issue of dealing with vast amounts of data within the enterprise. As in other industries, financial services firms of all kinds are drowning in data, both in terms of the sheer volume of information they generate and / or have to deal with, and in terms of the growing and diverse types of data they confront in those efforts.

But the relative immaturity of Big Data solutions, and widespread lack of understanding of what the term really means, leads some to question whether ‘Big Data’ is no more than a technology solution looking for Big Problem to solve.

So is Big Data for real? Can so-called Big Data solutions provide relief to the embattled data architects at financial institutions? Or is Big Data a solution looking for a set of problems to solve?

Research conducted by A-Team Group on behalf of Platform Computing suggests that current market sentiment, financial hardships and regulatory scrutiny may be conspiring to create the perfect conditions for Big Data solutions to provide value to financial institutions.

Download the White Paper Now

Source: A-Team, 15.02.2012

Filed under: Data Management, Data Vendor, Library, Market Data, Reference Data, , , ,

Deutsche Börse developing new business – all Data and IT related activities pooled into IT.

By way of underpinning its growth strategy, Deutsche Börse is creating a new business area geared to extending its client reach and service offering. In this move, notably IT with its system and service development and operating capabilities, Market Data and Analytics as well as selected external services are to be pooled under one roof. This includes, for example, the use of trading systems for other exchange companies, the business process offering in its entirety, IT operations for other financial service providers as well as network services.

The goal on the one hand is to tap new, integrated business opportunities while, on the other, supporting clients with tailored IT and other services, thereby further enhancing customer loyalty, broadening client reach and meeting the growing demand for outsourcing services with an expanded range of services.

Reto Francioni, CEO of Deutsche Börse AG, said: “Our services, also in the field of IT in particular, put us firmly in the premier league of global providers. Deploying our combined expertise and capabilities to optimum effect in customer acquisition, competition for market share and regional presence will be increasingly important when it comes to boosting the Group’s international positions. This sends out a clear mandate to our new business area to play a key role as a critical and strategic competitive factor for Deutsche Börse AG going forward, as well as to harness and expand cross-selling potential with our existing business areas.”

In addition, to the launch of the new business unit there will be a change in the top management of the IT business unit. Dr.-Ing. Michael Kuhn (57) and Deutsche Börse AG agreed on the best of terms and by mutual consent that the Executive Board contract of Michael Kuhn due to run out at the end of 2012 will not be extended. The company is looking for a successor. Michael Kuhn will be available for the company.

Supervisory Board Chairman Manfred Gentz and CEO Reto Francioni thanked Michael Kuhn for his total of 23 years’ service for the Deutsche Börse Group. He has been a member of the Group Executive Board since 1999. “We wish to express our gratitude to Michael Kuhn and his team. It is thanks to him and his colleagues that Deutsche Börse AG sets global standards with its systems,” said Gentz.

Source: MondoVisione, 14.02.2012

Filed under: Data Management, Data Vendor, Exchanges, Market Data, News, Reference Data, Trading Technology, , , , ,

Bloomberg Opens its Data Distribution Technology

Open Market Data Initiative Will Spur Innovation & Industry Collaboration

Bloomberg is opening its market data interfaces for use by technology professionals globally, without cost or restriction, the company announced today. Bloomberg’s application programming interface, known as BLPAPI, is used daily by more than 100,000 professionals across the financial services industry and is now publicly available under a free-use license.

BLPAPI powers global market data distribution to desktops, workgroups and enterprise applications. In addition to Bloomberg Professional service subscribers, non-Bloomberg customers, vendors and software developers can now use BLPAPI as an alternative to proprietary technologies for market data distribution. This is Bloomberg’s latest move in support of its Open Market Data Initiative – an ongoing effort to embrace and promote open solutions for the financial services industry.

“Today’s global financial marketplace depends on the free flow of timely and accurate market information,” said Tom Secunda, Founding Partner and Global Head of Bloomberg’s Financial Products and Services division. “By embracing open technologies for market data distribution, we remove layers of expense, erase restrictive license agreements and enable innovation.”

“We intend to evolve BLPAPI into an open standard with the help of an independent committee charged with managing the future development and stability of a truly open market data interface,” said Shawn Edwards, Chief Technology Officer of Bloomberg LP. “Open technologies allow our customers, partners, and others to direct resources towards developing innovative services instead of coping with rigid technologies.”

Bloomberg’s open API follows the release of Bloomberg’s Open Symbology (BSYM), a system to identify securities across all global asset classes. BSYM is an alternative to proprietary security identifiers that has been adopted by leading global securities exchanges and financial services organizations.

The BLPAPI interface works with a comprehensive set of programming languages and operating systems, including Java, C, C++, .NET, COM and Perl. Other benefits of using Bloomberg’s API include:

• A comprehensive technical definition of a market data interface that includes publish/subscribe, request/response, all built on a flexible service-oriented design,

• An MIT-style license that allows users to copy and use BLPAPI interfaces for use with any market data service, applications or adapter technology,

• A simple and intuitive interface technology that is suitable for high volume and low latency applications.

* Bloomberg is offering its programming interface (BLPAPI) under a free-use agreement. This does not apply to any content.

Source:Bob´s Guide, 01.02.2012

Filed under: Data Management, Data Vendor, Market Data, , , , , , , , ,

A-TEAM launches Big Data 4 Finance

 A-Team Group launched today – BigDataForFinance.com where it will cover the emerging science of big data and how it relates to financial markets applications – such as analysis of time series pricing, management of reference data and determination of sentiment from news archives.  A-Team will also cover the evolving technology infrastructure that underpins big data applications, from storage to analytics and business intelligence.

A-TEAM: Let’s start by addressing a working definition for big data, as we see it.  Wikipedia has a pretty good starter: “Datasets that grow so large that they become awkward to work with using on-hand database management tools.”

But here’s our improvement on that: “Datasets whose characteristics – size, data type and frequency – are beyond efficient processing, storage and extraction by traditional database management tools.”

And let’s be clear, the focus is as much on the analysis of data to derive actionable business information as it is on handling different data types and high frequency updates.

Make sure that you don’t miss news and contributions that could be valuable.  Be sure to sign up for the weekly email update here.

Source: A-TEAM, 18.01.2012

Filed under: Data Management, Data Vendor, Market Data, Reference Data, Risk Management, , , , , , , , , ,

Deutsche Börse launches algo news feed in Brazil

Availability in Sao Paulo data center marks expansion of “AlphaFlash” into Latin America.

Deutsche Börse – Market Data & Analytics has launched “AlphaFlash”, its algorithmic news feed, in a data center in Sao Paulo. The feed is available now in Brazil, marking AlphaFlash’s official expansion into South America.
AlphaFlash is hosted at a data center at a local exchange in Sao Paulo.

“Brazil is considered the leader in algorithmic and high frequency trading in Latin America. As this growing market continues to develop, we see greater demand from local quant traders, hedge funds and market participants to consume machine-readable news quickly and efficiently. The new data center allows customers to access AlphaFlash as fast as possible—right on the spot in Brazil, so they can swiftly execute their automated trades,” said Georg Gross, Head of Front Office Data & Analytics at Deutsche Börse.

Launched in April 2010, AlphaFlash delivers low latency, machine-readable economic indicators and corporate news. Subscribers can choose among several data packages, e.g. U.S., Canadian, European or Asia-Pacific economic indicators, U.S. and Global Treasury Auctions, the Chicago PMI as well as the Corporate News Germany feed. AlphaFlash is available in a number of data centers across the globe, including Chicago, Secaucus (New Jersey), Washington D.C., Sao Paulo, Frankfurt, London, Sydney, Tokyo and Singapore.

Source: Deutsche Börse, 25.01.2012

Filed under: Brazil, Data Management, Latin America, Market Data, News, Reference Data, , , , , ,