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Financial Information

Cyber Security Startup Wickr to Create Chatroom

Wickr, a cyber security start-up, is in talks with banks and major financial services companies including Markit to create an alternative to Bloomberg instant messaging, just as Goldman Sachs tries to create its own Wall Street chat service. The San Francisco-based company has taken an investment from CME Group, the futures exchange operator, and is working closely with it to create an app ... Read More »

Iosco Sounds Red Alert over Financial Hacking

Iosco, the International organization of Securities Commissions, has sounded the alarm about the growing danger of cyber attacks on financial markets, warning that firms and regulators around the world need to address the “uneven” response to the threat of online assaults. Greg Medcraft, chairman of the board of Iosco, predicted that the next major financial shock – or “black swan ... Read More »

China Finance Online Launches Web-Based Securities Trading Service Platform

China Finance Online Co. Limited announced that it has launched China’s first independent web-based securities trading platform, “Zhengquantong (“Securities Master”)”, on the leading financial portals it operates, www.jrj.com and www.stockstar.com. Securities Master is the product of a new strategic partnership China Finance Online has entered into with the largest brokerage firm in China, CITIC Securities Co., Ltd. (SHA: 600030) (“CITIC”), to seamlessly integrate China Finance Online’s ... Read More »

Thomson Reuters Launches Elektron Direct Feed

New hardware accelerated, software optimized direct feed helps firms access cost-effective and reliable market data Thomson Reuters announced the launch of its new direct feed service.  Elektron Direct Feed provides customers with high-performance access to real-time market data sourced directly from individual trading venues in a standardized, reliable and flexible format. Elektron Direct Feed is a hybrid solution offering hardware ... Read More »

Outsell: Operational Risk Management Market Size, Share, Forecast, and Trends

Outsell has taken a look at the Operational Risk Management Market.   The latest report provides a detailed look into the market for Operational Risk Management solutions and forecasts growth in this segment through 2017. Outsell looks at the global distribution of the ORM market and highlights trends driving growth of these innovative technologies. Risk management professionals will learn how ORM ... Read More »

Thomson Reuters Q2 2014 Revenues Up 1%

Revenues from ongoing businesses grew 1% before currency to $3.2 billion.  Adjusted EBITDA grew 2% to $877 million with a margin of 27.8%, up 20 basis points from the prior-year period.  Excluding charges from both periods, adjusted EBITDA margin was 28.7%, up 80 basis points from the prior-year period Underlying operating profit grew 2% to $581 million with a margin ... Read More »

Interactive Data Q2 2014 Revenue Up 3.1%

Interactive Data’s second quarter 2014 revenue was $232.1 million, a 3.1% increase from $225.1 million in the second quarter of 2013. Excluding the impact of changes in foreign exchange rates, Interactive Data’s organic (non-GAAP) revenue for the second quarter of 2014 grew by 1.3% from the same quarter last year. Interactive Data’s second quarter 2014 income from operations was $27.9 million, ... Read More »

McGraw Hill Financial Appoints Lucy Fato as Executive Vice President and General Counsel

McGraw Hill Financial (NYSE: MHFI) announced the appointment of Lucy Fato, 47, as Executive Vice President and General Counsel, effective August 4, 2014. She succeeds Kenneth M. Vittor, who will be retiring pursuant to the company’s longstanding retirement policies for senior executives. Mr. Vittor has 33 years of outstanding service with the company, including leading the legal department as General Counsel since 1995. Since ... Read More »

Platts Acquires Eclipse Energy Group, Deepening Its Analytical Expertise in European Gas, Power and Global LNG Markets

Deal Supports Strategy of Linking Price and Fundamentals to Provide Unique Insights Platts announced that it has acquired London-based Eclipse Energy Group, a privately owned provider of data and analysis on the European gas, power and global liquefied natural gas (LNG) markets. The acquisition will enable Platts, a business of McGraw Hill Financial (NYSE: MHFI), to combine Eclipse Energy’s analytics with Platts’ pricing information ... Read More »

Thomson Reuters Acquires UBS Convertible Indices

Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals, today announced that it has completed the acquisition of the UBS Convertible Indices – a widely used benchmark in the convertible bond market. The UBS Convertible Indices will be renamed the Thomson Reuters Convertible Indices and integrated with existing Thomson Reuters products and services for the convertible ... Read More »

Credit Benchmark Raises $7m to Reshape the Credit Risk Information Market and Increase Transparency

Former Data Explorers entrepreneurs Mark Faulkner and Donal Smith launched Credit Benchmark, an innovative financial technology company have raised $7m in a Series A financing round led by Index Ventures to accelerate its development of a new data source in the $6bn credit risk information market. Today marks the launch of Credit Benchmark’s commercial service for banks.  Following completion of a ... Read More »

Thomson Reuters and ICAP Renew Exclusive, Multiyear Deal

Thomson Reuters and ICAP Information Services (IIS) announce the renewal of a distribution agreement which adds new electronic data sources to the 19901 service – an established reference source for USD interest rate swaps and US Treasuries. The 19901 service now provides Thomson Reuters clients with exclusive access to a leading swap data service using the following ICAP data sources: ... Read More »

Disruptors in the Financial Information Market: Key New Players in the Ecosystem and Their Impact

Outsell Inc. issued its latest report “Disruptors in the Financial Information Market: Key New Players in the Ecosystem and Their Impact” The volume of news and information, both in structured and unstructured data, continues to rise in financial services in support of driving superior trading and investment decisions that help financial institutions competitively differentiate.  Interestingly, regulations such as the Dodd-Frank ... Read More »

Thomson Reuters Sells Extel to WeConvene

Extel, has been sold by Thomson Reuters for an undisclosed amount to Hong Kong-based investor website WeConvene. Extel dates back to 1872 when it laid the first telegraphic cable connecting London to New York.  It developed into one of the largest financial news and financial data providers in the capital. More recently it has become best known for its annual ... Read More »

Outsell Market Report, “Outsell’s End-User Study: Financial Services Professionals”

BIIA Co-founder Outsell Inc. has issued a report “Outsell’s End-User Study “Financial Services Professionals” Financial services professionals use various information platforms to speed decisions. The demand for high-quality data embedded into dynamic workflow applications is rising. Solution providers must understand these needs and align their offerings to ensure a perfect match in content and delivery. This report analyzes the types ... Read More »