This Week: Nasdaq/BEC, Capitolis, S&P and more

S&P buys ChartIQ to enhance analytics and data visualization

S&P Global has acquired ChartIQ, the HTML5 charting library of Finsemble (formerly Cosaic). To read Max Bowie’s exclusive story on the deal, click here.

Chilean exchange upgrades to Nasdaq Marketplace Services Platform, plans cloud migration in 2024

Bolsa Electronica de Chile (BEC) has unveiled plans to upgrade its on-premises Nasdaq trading technology to Nasdaq’s SaaS-based Marketplace Services Platform, with the aim of moving its operations to the cloud by the end of 2024. The new platform retains the basic functions of Nasdaq’s existing on-premises tech, but combines them with the scalability of the cloud.

WatersTechnology has written extensively on the exchange technology marketplace’s movement toward the cloud as the preferred infrastructure for trading and post-trade services.

Capitolis registers as security-based swap dealer

Capitolis Liquid Global Markets, a subsidiary of technology provider Capitolis, has conditionally registered as a security-based swap dealer (SBSD) to support its equity-swap financing functionality. The company says this solution will allow it to continue its mission of supporting the financial markets with diversified capital.

Canada streamlines SRO, investor protection organizations

Canada now has a single self-regulatory organization (SRO) after the Canadian Securities Administrators (CSA) announced the amalgamation of the Investment Industry Regulatory Organization of Canada (IIROC) and the Mutual Fund Dealers Association of Canada (MFDA). The new, consolidated SRO is intended to reduce complexity and duplications in the regulatory burden for dealers, particularly those running separate IIROC and MFDA platforms.

Separately, Canada has also merged the Canadian Investor Protection Fund (CIPF) with the MFDA Investor Protection Fund (MFDA IPC) to create a new integrated investor protection fund, which will be known as CIPF. The new CIPF will provide protection to customers of SRO members who are exposed to financial losses due to the insolvency of that member.

Binance reportedly setting the scene for return to Korean market

Binance plans to buy a 41.2% stake in South Korea’s fifth biggest exchange, Gopax, according to reports from local media. The transaction, which would need official approval from Korean authorities, could enable the world’s largest cryptocurrency exchange to operate in the South Korean crypto market once more, as Gopax has a license to provide fiat-to-crypto services. Binance briefly offered crypto trading services in the local market in 2020, but curtailed the operation the same year. South Korea has since brought in strict new regulation for digital asset businesses.