Bloomberg announced Tuesday that it has acquired the intellectual property, patents and engineering assets of Netbox Blue, a social media surveillance platform. Netbox Blue has partnered with Bloomberg for years, and the acquisition is expected to lead to the development of analytics to help firms gain further business and compliance insight into the way they use social media.
JPMorgan is reportedly considering cutting at least 1000 to 2000 of its more than 10,000 Bloomberg terminals worldwide and replacing them with Thomson Reuters terminals. The switch could take place over the next two to three years.
In the search for alpha, asset managers are finding that the automated and quantitative trading strategies they increasingly rely on are portable--into new asset classes and new geographies.
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Global consulting and auditing firm PwC has predicted that the private equity industry's assets could grow to between $6.5 trillion and $7.4 trillion by 2020, from around $3.5 trillion today. A 2015 survey by the consultancy Towers Watson found that the top ten private equity managers covered in the survey saw investment from pension funds increase by 2.6 percent to $138 billion in 2014.
Tradeweb has launched an electronic over-the-counter marketplace for trading exchange traded funds in the U.S. The request-for-quote based platform is modeled after a platform Tradeweb successfully launched in Europe in 2012.
International Securities Exchange Holdings, Inc. has won approval from the Securities and Exchange Commission of its Form 1 application for its ISE Mercury Exchange. The new options exchange will open for trading on February 16.
Credit Suisse is taking more aggressive cost savings measures after restructuring charges contributed to a loss of billions of dollars in the fourth quarter. The firm says it will cut bonuses and 4,000 employees in new cost-saving measures.
IPC, the global provider of communications software and solutions for financial firms, announced that it completed its acquisition of competitor Etrali Trading Solutions. The company says it has already readied a combined solution that encompasses both IPC and Etrali communications products and solutions, as well as Etrali's compliance expertise.
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7 out of 10 midsize and large companies still use spreadsheets for planning.
Capital requirements and leverage restrictions constrained and changed acquisition financing last year, a Wachtell, Lipton, Rosen & Katz partner wrote. In 2015, expect more of the same.