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NYSE Group has announced NYSE Regulation will directly perform the market surveillance, investigation and enforcement functions for NYSE Group’s three equities exchanges and two options exchanges upon the expiration of the contract with the Financial Industry Regulation Authority (FINRA) on December 31, 2015. FINRA will retain the cross-market surveillance and investigation functions and will continue to conduct the registration, testing, and examinations of broker-dealer members of NYSE Group’s exchanges.

MCO Europe announced today that it is now the exclusive European distributor for McObject’s eXtremeDB Financial Edition, the ultra-high speed data management technology for prop- and algo-trading applications. The growing popularity of the product is due to a market-winning combination of unbeatable processing speeds and readily-available programmers.

Exegy has released new versions of its hardware-accelerated Ticker Plant and Market Data System appliances along with an updated Exegy Client API to meet growing demands from sell-side agency businesses, market makers, and proprietary traders. The 3.3 versions of the appliances and API significantly enhance Exegy’s virtual order book capabilities which provide composite views of financial instruments across multiple markets. In addition to dynamically selecting the markets that contribute to a composite data view, applications may now view the normalized trading state of the instrument on each contributing market. In addition, applications may optionally choose to filter price contributions to the composite view based on the normalized trading state of the instrument on the given market. The Exegy normalized data model also has been enhanced to allow users to respond to Request For Quote (RFQ) events. “Smart Order Routing applications represent a significant and growing proportion of the Exegy user base,” says chief technology officer David Taylor. “We worked closely with our customers to identify product enhancements that would result in higher fill rates and more profitable trading decisions,” adds Taylor.

Northern Trust has chosen SunGard’s Asset Arena Control Center as the latest addition to the portfolio of SunGard solutions used by the asset servicing and investment management firm. Asset Arena Control Center will help Northern Trust benefit from further operational efficiency by converting complex work processes into electronic checklists and easy-to-read dashboards that help increase automation and improve operational oversight and controls of the firm’s fund accounting and investor accounting activities.

Recognizing investors’ growing needs to gather and manage information flows from multiple sources in order to better react to and anticipate changing market conditions, S&P Capital IQ, a business unit of McGraw Hill Financial, and Kuberre Systems today announced the launch of a new tool for traders, market makers and portfolio managers. The new product, Event Fusion, offers real-time alerts about relevant news and information affecting investment holdings. It draws from disparate data sources, culling out news about events that users deem relevant and providing actionable real-time notifications over a wide range of preferred devices.

Markit, a leading global diversified provider of financial information services, today announced the launch of new software and services that enable banks and other financial institutions to host and manage instant message chat rooms.

McObjectR, developer of the eXtremeDBR Financial Edition database system and related product family, announced that C3S, a Singaporean firm specializing in high-value and mission-critical technology solutions in market segments including finance, defense and electronic government (e-government), has joined McObject as distributor in Singapore, Malaysia, Indonesia and Vietnam.

OptionsCity Software, a global provider of electronic trading solutions for professional futures and options traders, today announced that the firm has completed certification with CME Group’s Market Data Platform (MDP) 3.0.

Tiger Infrastructure Partners (“Tiger”) today announced the signing of a definitive agreement to acquire a majority interest in Hudson Fiber Network (“HFN” or the “Company”). The transaction is expected to close during the fourth quarter of 2014, following customary regulatory approval. Further terms of the transaction were not disclosed.