This Week: CME Group, Genesis, McKay Brothers and more

The Derivatives Service Bureau calls for participation in Technology Advisory Committee

The Derivatives Service Bureau (DSB) is seeking additional members to join the DSB’s Technology Advisory Committee (TAC). The DSB is inviting applicants to participate in the next term of the TAC, which starts in October 2022, with an application deadline of September 20. The TAC was established in 2018 to provide advisory support to the DSB in recognition of required enhancements of its technology base and services.

CME Group to launch Euro-denominated Bitcoin and Ether futures

CME Group has announced that it plans to further expand its cryptocurrency derivatives offering with the introduction of Bitcoin Euro and Ether Euro futures. The exchange intends to launch the new offering on August 29, pending regulatory review. Bitcoin Euro and Ether Euro futures contracts will be sized at five bitcoin and 50 ether per contract. These new contracts will be cash-settled, based on the CME CF Bitcoin-Euro Reference Rate and CME CF Ether-Euro Reference Rate.

Genesis Global rolls out platform enhancements

Genesis Global has announced platform enhancements to streamline data integration, reporting, and full-stack development. The low-code application development platform hopes that these refinements will make it easier for software developers to build new applications and optimize legacy systems. The platform enhancements include new low-code language for creating Genesis applications, extensions to the Genesis low-code language for improved speed, and integrated reporting functions.

Appital secures additional £1.7 million investment led by Frontline Ventures

Appital has secured an additional £1.7 million investment from Frontline Ventures and various angel investors. The startup is looking to launch an algorithmic book-building platform in partnership with LSEG’s Turquoise. The platform will look to allow buy-side firms to originate and participate in liquidity discovery, price formation and execution opportunities in multiple days ADV in publicly-listed equities. The investment follows last year’s £2.5m round led by Frontline Ventures and additional funding from angel investors.

McKay Brothers launches Transpacific market data and private bandwidth services

McKay Brothers’ management buy-in (MBI) team has launched low-latency market data services between Illinois’ largest futures exchanges and key Asia trading centers in Tokyo, Singapore, and Hong Kong. MBI has also launched Transpacific private bandwidth services. This upgrade to its Quincy Extreme Data platform will allow US-sourced data on the platform to be redistributed in Tokyo-CC2, Singapore, and Hong Kong. Tokyo-sourced data is redistributed in Aurora, Illinois; Singapore; and Hong Kong.

TNS launches market data services for Borsa Istanbul

Transaction Network Services (TNS) is now connected to Borsa Istanbul as a market data vendor. Opening access to Turkey’s sole exchange with order routing and market data connectivity to the BIST matching engine in Istanbul will allow TNS’ customers to capitalize on trading activities in this market.