Thomson Corporation has agreed to acquire Boston-based Corporate Communications Broadcast Network (CCBN), for an undisclosed amount. CCBN is a solutions provider for the investment community, offering Web site hosting, Web casting, and disclosure services. In addition, the vendor's StreetEvents solution manages corporate disclosure information via aggregation of conference calls, Web casts, transcripts, call summaries and other financial information into a single application. More than 15,000 institutional and individual investors subscribe to the service.
Sharon Rowlands, president and chief operating officer for Thomson Financial said in a press release that CCBN's addition will "enhance the broad array of research products already offered by Thomson Financial."
Exchange Data International, a London-based securities administrator and reference-data provider, is integrating ISO 15022 into its corporate-action-data services. The SWIFT compliant messaging protocol decreases manual intervention in corporate-action processing.
EDI will provide test data to clients by the end of the first quarter of this year. The first phase of data will cover messages featuring dividend information, including cash dividends, stock dividends, dividend options, and dividend-reinvestment plans. The next phases will include extending the standard to additional corporate-action messages dealing with capital changes such as rights issues, stock splits and bonus issues.
Savvis Communications, a managed IP services provider based in Herndon, Va., plans to distribute market data from Eurex US. The vendor will use its consolidated Exchange Feed to deliver the market data.
Eurex is the new electronic U.S.-based derivatives exchange, which will offer services to the U.S. derivatives marketplace beginning February 8.
Moneyline Telerate, a New York City-based market-data provider, has partnered with derivatives broker, Compagnie FinanciEre Tradition, to globally release the Tradition Credit Derivatives Service. The data covers European, Asian, Japanese, American, and Latam Sovereign, Bank and Corporate debt. The service is free for Moneyline Telerate clients, and credit-default swaps are updated two times each day. Prices are quoted directly from brokers in Asia, Europe and the U.S.