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

Interactive Data Asian ticker plants go live

Interactive Data Corporation, a leading global provider of managed ultra-low latency IT and market data services to facilitate electronic trading today announced that its ticker plants in Asia are now live.  Based in two data centres in Hong Kong, the new ticker plants offer a significant reduction in the latency of PlusFeed, Interactive Data’s low-latency, consolidated global data feed.

With increasing adoption of electronic trading in Asia, market data has become a crucial issue. Firms require high quality data at the desired speed from across the region. The new ticker plants, located with Pacnet at MEGA-iAdvantage and with Equinix in their HK1 facility, provide Interactive Data’s clients with lower latency access to Asian venues covered by PlusFeed, as well as to a wide range of additional international sources.

Interactive Data’s new low-latency co-location facilities in Hong Kong will also offer international clients the option to co-locate their applications alongside the ticker plants. This will enable them to obtain optimised low-latency delivery of Asian data via the Interactive Data sites in Hong Kong.

Emmanuel Doe, president, Trading Solutions Group for Interactive Data, said: “With the growth of electronic trading in Asia and higher data volumes globally, clients in Asian markets have an increasing need for cost-effective, real-time market data and delivery. We continue to expand our electronic trading services in Asia and elsewhere throughout the world to meet these requirements.”

Dan Videtto, managing director for Asia Pacific for Interactive Data, added: “The addition of two new ticker plants within one of the region’s primary trading hubs is a significant development. This is one of many enhancements that we will be delivering to Asian markets as we look to support firms in the region through our low latency data and global trading infrastructure solutions.”

Interactive Data’s PlusFeed delivers low-latency data from more than 450 sources worldwide, covering more than 140 exchanges and including multi-asset class instrument coverage and extensive Level 2 data. The feed is used by financial institutions globally to power algorithmic and electronic trading applications and is now supported by ticker plants located in Europe, the US and Asia.

In addition, clients can use the Interactive Data 7ticks network to gain direct market access (DMA), advanced co-location and proximity hosting to global direct exchange data, consolidated data, as well as reference and corporate actions data.

Direct or cross-connect access to a wide range of global exchanges is also available in Asia through Interactive Data’s Points of Presence (POPs) with leading global providers of data centers and technology services, including Equinix, Inc. (Nasdaq: EQIX), Interxion, Telex and KVH.

Source: Finextra, 27.06.2012

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

Thomson Reuters Opens RICs to all with Non-Realtime License

Thomson Reuters is taking a step toward answering client calls for more open access to its Reuters Instrument Code (RIC) symbology. The company is making RICs available for use with non-real-time information in client and non-client financial institutions’ trade processing systems.

Enterprise content chief Gerry Buggy, who has spearheaded Thomson Reuters’ response to the EC anti-competition complaint, the new facility is the “first step in supporting the financial community’s symbology needs across all parts of the trading life cycle through our evolving symbology services.”

The move comes in the wake of the EC investigation and subsequent complaint into the use of RICs in real-time consolidated data feeds. In response to that complaint, many financial services practitioners have called for more open access to the RIC, which is entrenched in many firms front-, middle- and back-office trading and trade processing systems.

According to Jason du Preez, Global Business Manager, Enterprise Platform, at Thomson Reuters, the latest initiative “has nothing to do with the EC investigation. The EC is focused on use of RICs for accessing real-time information, while the new licences are focused at firms looking to trade with the RIC or use the RIC to access non-real-time information.”

Du Preez says that latest move means that “any market participant can buy a license that will allow them to trade using the RIC. This will allow the use of the RIC for pre- and post-trade activities, and the right to redistribute RICS in this regard.”

The new RICs arrangement will allow market participants to use and cross-reference the RIC symbol for trade activities. As such, it can be used to facilitate the advertisement of liquidity, acceptance of trade flow and execution of post trade activities with the RIC symbol as a consistent identifier throughout the process.

Additionally, the service will allow Thomson Reuters pricing and reference data customers to use RICs to reference and retrieve securities data from their securities master databases and navigate to connected content such as legal entity identifier (LEI) information.

Du Preez says that “Firms that purchase reference data from Thomson Reuters will also be granted the right to use the RIC to access any non-real-time information, essentially allowing them to use the RIC to access any content, including third-party party content, held in their securities master databases.”

Thomson Reuters believes the new service will encourage more efficient and reliable capital markets by giving market participants the freedom to use RICs symbols irrespective of whether they use Thomson Reuters enterprise data products.

As part of the latest initiative, the Bats Chi-X Europe exchange has signed up for the service, which will allow it to deploy RICs in the post-trade services it offers.

According to Paul O’Donnell, COO at BATS Chi-X Europe, “Cross-referencing the BATS Chi-X Europe instrument codes with the Thomson Reuters RIC symbols will enable us to reach new market participants as well as improve efficiency and data transparency by facilitating accurate identification of securities on our platform.”

Du Preez says obvious candidates for adopting the new arrangement include “trade hubs, third-party trade/post-trade processing firms or anyone that wants to send, receive or cross reference messages that contain securities identified with a RIC.”

Source: A-Team Reference Data Review 27.06.2012

Filed under: Data Management, Data Vendor, Reference Data, Standards, , , , , , , , , ,

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, , , , , , , , , , ,

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, , , , , ,

LSE: London Stock Exchange was award for Financial Information Commercial Policiy

The Financial Information Services Division (FISD)’s Consumer Constituency Group (CCG) today honored the London Stock Exchange with the first-ever “Best of the Best” Award for Excellence in Financial Information Commercial Policies. The award, presented today in Paris, is given on an ad-hoc basis when a supplier demonstrates excellence in the development and roll-out of new administrative policies.

The London Stock Exchange was selected for the first-ever ‘Bobbie’ award for its dedication to responding to customer needs, development of a simple, standardized administrative process, and adherence to industry best practices.

“London Stock Exchange Group is committed to providing the highest levels of service, responding to our customer’s needs as well as following industry best practices. We are proud to have been awarded the first ever ‘Bobbie’ award and hope that it drives further innovation in commercial and administrative policies across the industry. It is particularly important to us that this award is presented from our key sell-side and buy-side firms, as an endorsement that we are truly aligned with our clients.” said Jarod Hillman, Head of Real Time Data for the London Stock Exchange Group.

The CCG was particularly impressed with the introduction of a per-user model, which allows netting across vendors. It simplifies the unit of count, which allows for the introduction of a new non-display charge, along with its new non-display policy. It is the hope of the group that the award will serve as an incentive for all suppliers to implement their policies with equal clarity and reasonableness.

“Over the last several years consumer firms have changed their consumption patterns for market data products and services and are increasingly meeting business needs through the distribution of services to computing platforms as opposed to the historically dominant use case of desktop services. Market data providers continue to adjust to these changes through new products and new commercial policies often with the consequence of increasingly complex polices, added administrative burdens to consumers, and rising costs overall,” said Steve Listhaus, Co-Chair, FISD Consumer Constituency Group.

“The London Stock Exchange invited customers, via the FISD umbrella, to review and comment on a proposed new policy for derived data and non-display usage.  Their final policy reflected the input of FISD consumer firms and demonstrated sensitivity to the issues of complexity and cost.  Therefore the CCG is pleased to recognize LSE for their collaborative approach and understanding of the key concerns of the FISD consumer constituency.”

Source: MondoVisione, 09.03.2012

Filed under: Data Vendor, Exchanges, , ,

Thomson Reuters fails RIC licensing market test – Symbology

Thomson Reuters has failed to appease EU antitrust bodies over proposed concessions in the way it licenses the proprietary Reuters Instrument Codes.

In 2009 the European Commission opened antitrust proceedings against Thomson Reuters over possible abuse of its dominant market position in the supply of RICs – codes that identify securities and are used by financial institutions to retrieve data from Thomson Reuters’ real-time feeds.The EC argued that the firm could be abusing its dominant position in the market for these consolidated real-time datafeeds by stopping customers from using RICs for retrieving data from alternative providers and mapping them for such a purpose to alternative symbols.

In an attempt to ward off further action by the Commission, the vendor agreed to let customers license RICs for mapping purposes over a five-year period for a monthly fee based on the number of RIC symbols to be used.

However, in a speech in Copenhagen today, EU competition chief Joaquín Almunia, said that a market test of the new measures had failed to deliver a desirable outcome.

“We have now reached a critical stage in this investigation,” said Almunia. “If no effective solution can be agreed upon, then we will have to draw the adequate conclusions.”

The company could face fines of up to 10% of its turnover if it does not offer further concessions to users.

Thomson Reuters’ rival Bloomberg has moved to make its own proprietary symbology available for free to developers and market practitioners.

Filed under: Data Vendor, Market Data, News, Reference Data, , , , , , ,

NASDAQ OMX Corporate Solutions partners with Chinese PR NEWS

NASDAQ OMX Corporate Solutions today announced that its leading newswire, GlobeNewswire, will broaden its long-term partnership with China PRNews to bring global news distribution to Chinese companies. Through this agreement, China PRNews will offer GlobeNewswire’s robust global distribution platform to its clients in China and provide Chinese companies with greater visibility opportunities outside of their market.

The relationship between GlobeNewswire and China PRNews is longstanding — since 2006, they have collaborated on several initiatives to increase the visibility of companies from around the world within China.

GlobeNewswire is one of the world’s largest newswire distribution networks, specializing in the delivery of corporate press releases, financial disclosures and multimedia content to the media, investment community, individual investors and the general public. GlobeNewswire’s extensive distribution network currently reaches more than 4,000 media outlets and 1.5 million financial desktops globally.

China PRnews is one of the strongest news distribution and media monitoring platforms in China, serving more than 3,000 prestigious Chinese companies and organizations. Its broad coverage of Chinese local media has been highly recognized by the industry, customers and partners since its inception in 2004.

Demetrios Skalkotos, Senior Vice President, NASDAQ OMX Corporate Solutions: “NASDAQ OMX Corporate Solutions continues to look for ways to help Asian companies minimize risk, maximize efficiency and increase transparency with relevant tools and solutions for PR, IR and governance professionals. Through our daily work with the leading Chinese companies listed on our exchange, we recognized the need for greater visibility channels for Chinese companies globally. We’re excited to expand our relationship with China PRNews and offer GlobeNewswire’s far-reaching distribution platform to Chinese companies looking to target markets outside their own.”

Forrest, Xiangning Zhang, Chairman of China PRnews: “The need for Chinese companies to establish global public relations and investor relations coverage has become increasingly prominent. You can’t expect a customer to buy or an investor to invest if they know nothing about a company. The globalization process has put China into the direct trade and investment scope of the world market. Our strong partnership with GlobeNewswire under NASDAQ OMX Corporate Solutions allows China PRnews to offer easy and efficient ways to distribute Chinese companies’ news to the global community, providing the world with rich and first hand information about China. We are excited to broaden our long-term partnership with GlobeNewswire.”

In a continued effort to provide Asian companies with the localized tools necessary to help them be more efficient and transparent public companies, NASDAQ OMX Corporate Solutions also recently announced the appointment of Dan Wadsworth, Vice President of Corporate Solutions, based in Hong Kong.

Source: MondoVisione, 05.03.2012

Filed under: Asia, China, Data Vendor, Exchanges, Hong Kong, News, , , , ,

Japan:ICAP extends data partnership with QUICK

Tokyo; London – 5 March 2012  ICAP, the world’s leading interdealer broker, announces today that it has extended its long-established distribution partnership with Japan’s QUICK Corp. (QUICK), one of the leading suppliers of real-time financial information.  The new three-year agreement will continue the provision of ICAP’s data products and services to QUICK customers in Japan and internationally via QUICK’s ActiveManager and Astra product series.

ICAP Information Services is responsible for the collection, storage, packaging and delivery of data, sourced from ICAP’s award-winning global interdealer trading platforms. ICAP works with market participants and market data distributors to provide key real-time, snapshot, end-of-day and historical data to financial institutions and corporations.

ICAP data provides unique market insight to customers seeking to apply authoritative transactional data to a range of business activities. ICAP real-time data offerings cover an extensive range of asset classes and instruments, including Interest Rates, FX and Fixed Income products.

Damien Fitzpatrick, Head of Asia Information Sales ICAP said, ‘The renewal of this agreement underscores the strength of our longstanding relationship with QUICK and our continued commitment to providing critical financial information to the Japanese market.  We are delighted to extend our contract with QUICK, under which we will continue to supply critical OTC market data.’

Gakuji Takahashi, Executive General Manager of QUICK said, “QUICK is pleased to renew our contract with ICAP Information Services and continue our long standing and very active business partnership. ICAP’s data services are pivotal to our customer base when making trading decisions in the OTC markets. This agreement with ICAP will enable us to continue to provide our customers with authoritative market data across Japan and worldwide.  Cooperating with ICAP, QUICK works positively to meet the clients’ high expectations.”

Source: Bobsguide, 05.03.2012

Filed under: Data Vendor, Japan, News, , , ,

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, , , , , ,

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, , , , ,

Thomson Reuters Goes Live with Delta Data Factory

First Derivatives plc ,  is pleased to announce that Thomson Reuters (TR) pricing and reference data group (P&RDG) has selected and implemented FD’s Delta Data Factory (DDF) for use internally as a component in its multi-faceted forward-thinking data delivery strategy. This announcement follows FD’s recent launch of DDF, a hosted data factory service for reference data and also the formation of a dedicated data management division.

Thomson Reuters P&RDG client-centric focus and innovation approach makes use of Delta Data Factory as one element in a strategy to rapidly meet the formatting and workflow requirements of its clients. TR selected DDF as a managed service “data formatting factory” to assist in its strategy to offer TR clients speedy integration and adoption of reference and pricing data.

According to Tim Rice, MD of Global Pricing and Reference Data, “we selected FD’s Delta Data Factory because of the flexibility and rapid implementation speed, powerful data transformation engine, data knowledgeable team, reliable hosted infrastructure and global support model. Within TR’s data strategy, FD’s independence as a strong third party service provider supports and accelerates our plans allowing clients to leverage our data quickly. We’re now successfully live with a number of clients”.

For consumers of TR data, whether it be client-direct or third party application vendors, FD’s Delta Data Factory transforms the data into rapidly consumable formats for TR clients, third party applications partners, security master environments or EDM platform formats.

Dale Richards, President of FD US and Global Head of Data Management at FD commented, “We are very pleased to have TR as a client of DDF. The service is a powerful new model for the data industry and TR implementing and going live is a terrific endorsement of the capabilities”.

DDF is a managed service support model that includes software, expert data staff, support level management, infrastructure, customization tools, hosting and management. FD provides the factory working with clients to implement the best strategy. FD has been hosting and operating systems on behalf of clients for 15 years with ISO27001/SAS70 compliant operating centers.

In addition to data vendors and publishers, financial institutions use DDF to outsource the processing and normalization of multiple in-bound reference data sources into EDM or proprietary security master environments. FD’s also uses DDF to produce customized out-bound formats for their internal clients. Benefits include cost savings and decreased project timeframes.

Source: Bobsguide, 10.02.2012

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

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, , , , , , , , , ,

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