Wall Street Source and Dow Jones Newswires have teamed up to launch 1 Stop Pro, a Web-based news and information platform. The platform integrates over 100 sources of financial news, information and data including the Dow Jones News Service and Wall Street Source News. Users will be able to customize and organize the information to fit their needs through the 1 Stop Pro interface.
Standard & Poor's ComStock has launched a high-speed satellite network for delivery of its XpressFeed real-time market data feed. The satellite network can deliver up to 40,000 messages per second and is built and managed by Mainstream Data. Customers will be able to use the satellite delivery option as a back-up or disaster-recovery option, or as a cost-saving option where leased line delivery costs are high. The satellite network will deliver the same content found on Standard & Poor's ComStock's IP2c network, including NYSE Openbook, ECN data, Nasdaq SuperMontage and fundamental market data.
CreditTrade will launch a Web-based data service early in 2003 with access to a broad range of credit data with over 500,000 CDS price points dating back to January 1997. The CreditTrade Insight service will be beta tested during November and formally launched early next year. The service will also offer analytical tools and datasets to help make the market more transparent.
On November 4, Instinet began publishing quotes in Nasdaq's InterMarket system for the two largest Exchange Traded Funds--QQQ and SPY. Instinet looks to provide increased transparency and liquidity to the marketplace with this addition.
Deutsche Borse has acquired a 50 percent stake in the market data subsidiary of the Bolsa de Madrid, Infobolsa in order to tap the European terminal market. As part of the joint initiative, Infobolsa will establish a German subsidiary to cover the German-speaking market, which plans to launch in December. Users can access data through NetStation or directly through an integrated data stream.