Pool
This Week: Deutsche Bank/FinLync, State Street/Paxos, Glue42/AllianceBernstein & More
A summary of the latest financial technology news.
Bank consortium led by SocGen seeks to cure post-trade data ills
Project led by Societe Generale that uses privacy-enhancing technologies to solve data management issues hopes to sign up five banks and launch as a legal entity.
This Week: SmartStream, DTCC, Ion, State Street, and more
A summary of some of the past week’s financial technology news.
Jumping ship: Concerns raised over LSEG’s 2022 Docklands datacenter move
The project comes at a time when Euronext is considering a datacenter move, and sources speculate that Six might also be another candidate to migrate. Market participants are split on the news of the LSEG migration, with some calling it “frustrating,”…
Bloomberg RHub fee hike reflects cost pressures of regulatory reporting industry
Market participants say the price hikes reflect the struggle among regulatory reporting service providers to run sustainable and profitable businesses.
Industry Still at Odds Over Use Case for an EU Consolidated Tape
Market participants say they want a high-quality, centralized source of market data for EU equities. But who and what is it actually for?
UBS Cuts Outsourced Tech Jobs
The investment bank has eliminated thousands of roles and revamped its approach to outsourcing over the last two years.
Acquisitive Exchanges Find Dealmaking is Only Half the Battle
While the large-scale exchange mergers of yesteryear may be over for now, regional bourses are still finding themselves in the M&A crosshairs. Yet for those operators that pick up smaller rivals, technology and data integration often prove to be trickier…
CanDeal Enlists TickSmith for OTC Canadian Data Pool Tech
The new venture will use the Data Pooling module of TickSmith's Big Data platform to capture and process OTC price data from participating firms.
MarketAxess' Dutch Approval Gives Greenlight for EU Expansion
The firm will be authorized to operate its trading and reporting businesses from the Netherlands post-Brexit, enabling it to expand its footprint in the European markets.
Challenging US Exchanges Will be Uphill Battle for MEMX, Experts Warn
An industry initiative to start a new US exchange promises much, but it may struggle to deliver without a clearer purpose.
Lingering Questions Remain over Mifid II
Nearly one year on from the fundamental changes to Europe’s trading rulebook brought about by Mifid II, its overall impact is still unclear. Although experts talk of greater transparency in the markets, it’s had its share of issues, some of which are…
The War for Talent: Emerging Technologies Create New Needs
Financial firms battle it out in a finite pool of talent, for the best and brightest fintech minds.
Global Fragmentation Looms in FRTB Data Pooling Stand-Off
The upcoming FRTB market risk framework allows financial firms to take different approaches to non-modelable risk factors: either capitalize risk factors that lack observable pricing in-house, or use a vendor-run data pooling utility. But, as Dan…
Nasdaq Mulling Pari-Mutuel Tech for Potential Products
The model, widely used in gambling, could have applications for customized options and other exotic financial products.
After Delays, Esma Publishes Double Volume Cap Data
European regulator sends a message to the market that Mifid II will be enforced with this data release, experts say.