Day: 21 September 2016

Thomson Reuters Launches Managed Services in NY4

Thomson Reuters has launched Elektron Managed Services in the Equinix NY4 data centre in Secaucus, New Jersey.

The concept behind this move is that financial institutions will be able to free up resources to focus more on their core activities by outsourcing the management and support of Thomson Reuters Enterprise Platform (TREP) and Elektron Real-Time from customer managed to Thomson Reuters managed services, in addition to the procuring market data infrastructure, networking, space and power.
“Access to reliable, time sensitive financial information is crucial to market participants who are automating and outsourcing wherever possible to improve performance and reduce costs,” says Paras Sidapara, global head of managed services at Thomson Reuters.

P&L Talk Series with Nightberg

Birgir Haraldsson and Mario Manna, co-founders of Nightberg, an independent macro strategy firm, talk to Profit & Loss about getting noticed in a crowded market and how data analytics is changing the traditional research model.
Profit & Loss: given your experience in the market, how have you seen financial research change over the years?
Mario Manna: Spending a lot of time on the buy side we’ve always been big users of research and it has changed quite a bit, in particular it’s become more siloed. So now you often have specialists carved out to cover a specific niche, firms have a US rates strategist, an EU rates strategist, etc, and so the research becomes narrowly focused and at risk of constantly reporting about a topic or asset when perhaps nothing much is happening.

Banks Face Reduced Claims in FX Rigging Case

Seven banks have had a number of claims against them for FX market manipulation dismissed in an ongoing US civil litigation court case.

The Bank of Tokyo-Mitsubishi UFJ, Credit Suisse, Deutsche Bank, Morgan Stanley, RBC Capital Markets, Société Générale, and Standard Chartered Bank (collectively, the Non-Settling Defendants or NSDs) are the seven banks named in the court documents released yesterday.

The NSDs are accused of conspiring to fix FX prices around the 4pm WMR benchmark, but moved to dismiss the claims against them.

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