Wall Street & Technology is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.


02:34 PM
Connect Directly

Market-Data Newsflashes

META Group reports research on enterprise-content-management survey; Invesco implements corporate-actions-processing platform; Thomson Financial has highest bid for TradeWeb.

Barriers prevent enterprise-content management, according to a recent survey from META Group, a Stamford, Conn.-based IT-research and consultancy group. The largest driver behind the purchase and implementation of content-management solutions, according to the survey, was the need to manage external-facing content on Web sites and extranets for enhanced customer satisfaction. Other major drivers for content management included compliance and data accessibility. Despite the realization that content-management can improve business, Jeffrey Mann, vice president of technology research at META Group noted in a press release, iWhile survey participants have achieved better awareness, they have not taken the steps needed to develop a comprehensive content infrastructure.i The release notes cost of implementing content-management solutions as a major challenge for the firms surveyed. The survey, commissioned by London-based vendor Stellent, included feedback from 206 European companies.

Invescois London and Hong Kong investment-management operations are implementing XSP, the corporate-actions-processing platform from XcitekSolutionsPlus. While the buy-side firm already uses XSP at its U.S. sister company offices, it has opted for a global extension of the New York City-based vendoris services. Invescois fund managers plan to use Xcitekis Web-based notifications and response-capture processing module, eTran. In addition, the firmis global custodians will use ISO 15022-compliant messaging for communication of notifications and elections.

Thomson Financial has outbid Reuters with its more than $500 million offer to buy TradeWeb, according to a report from Dow Jones Newswires. Thomson reportedly may reach a deal to acquire the electronic-bond-trading platform in four to six weeks. TradeWeb, a Jersey City, N.J.-based fixed-income liquidity provider, offers market making for more than 1400 buy-side institutions.

Register for Wall Street & Technology Newsletters
Exclusive: Inside the GETCO Execution Services Trading Floor
Exclusive: Inside the GETCO Execution Services Trading Floor
Advanced Trading takes you on an exclusive tour of the New York trading floor of GETCO Execution Services, the solutions arm of GETCO.