TradingTech Insight Blogs The latest content from across the platform
Morgan Stanley and Former Executive Charged by SEC for Misuse of Confidential Information in Block Trade Deals
The U.S. Securities and Exchange Commission (SEC) has charged Morgan Stanley & Co. LLC and its former equity syndicate desk head, Pawan Passi, with engaging in fraudulent activities related to block trade transactions. The case involves the misuse of confidential information, with Morgan Stanley also facing charges for failing to enforce internal policies against such…
BlackRock to Acquire Global Infrastructure Partners in $3 Billion Cash and Stock Deal
BlackRock, Inc. has agreed to acquire independent infrastructure fund manager Global Infrastructure Partners (GIP), for a total consideration of $3 billion in cash and approximately 12 million shares of BlackRock common stock. This strategic acquisition is set against the backdrop of a rapidly growing $1 trillion infrastructure market, driven by increasing global demand for advanced…
Four Key Trends Shaping Institutional Blockchain Adoption in 2024
By Gilbert Verdian, Founder and CEO at Quant. Last year it was more important than ever to distinguish crypto from the technology that powers it. Although 2023 was tumultuous for cryptocurrencies – with the heads of several high-profile exchanges facing criminal proceedings, and the UK government announcing its plans to regulate the industry – blockchain…
McKay Brothers Launches Ultra-Low Latency Network Between New Jersey and Toronto
Low-latency networking specialist McKay Brothers has deployed its latest wireless network connecting key equity exchanges in New Jersey, USA, and Markham, Ontario, Canada, offering the lowest known latency for private bandwidth between the two centres. The network connects the New York Stock Exchange (NYSE) in Mahwah, New Jersey, and TMX Group’s exchanges in Markham, with…
Bloomberg Introduces Data Access Extension for Enhanced TCA
Bloomberg has launched Data Access, a new extension to the Bloomberg Transaction Cost Analysis solution (BTCA), designed to provide clients with easier access to data through an API integration. The new extension allows users to consolidate their trading information with Bloomberg’s comprehensive reference and pricing data, enabling the creation of custom data solutions on top…
Delta Capita and Montis Group Enhance Partnership to Develop Advanced Digital Securities CSD Infrastructure
Delta Capita and Montis Group have announced the expansion of their commercial partnership, building on their initial success in developing the Montis Central Securities Depositary (CSD) system. This digitally-native CSD system, powered by Delta Capita’s MACH Distributed Ledger Technology (DLT) platform, is designed to provide the market infrastructure needed for regulated tokenised assets, in the…
FactSet Releases LLM-Based Knowledge Agent for Junior Bankers
FactSet, a digital platform and enterprise solutions provider, has released the beta version of FactSet Mercury, a knowledge agent based on a large language model (LLM) and designed to power digital workflows and enhance fact-based decision making. The solution optimises company research workflows for junior bankers, offering a single, trusted conversational interface to access key…
2024: Why FX Liquidity Provision Analysis (LPA) will Come Into its Own
By Daniel Chambers, Head of Data & Analytics at BidFX (an SGX company). As we usher in 2024, the world of market infrastructure is abuzz with anticipation, particularly in the foreign exchange (FX) markets where investors hang on every word uttered by central banks around monetary policy. Looking ahead, the New Year promises an increased…
Tech Trends in Trading: Industry Experts Review 2023 and Look Ahead to 2024
As 2023 draws to a close, it’s time to look back at some of the more interesting trends that have emerged in the trading technology space over the last twelve months, and to take a look ahead at what 2024 might have in store. With this in mind, TradingTech Insight reached out to a group…
Bloomberg, MarketAxess, and Tradeweb Abandon Joint Fixed Income Consolidated Tape Venture
In a statement released on Friday, Bloomberg, MarketAxess, and Tradeweb jointly announced their decision to halt their plans around the establishment of a fixed income consolidate tape (CTP) in the EU and UK. Earlier this year, in a strategic move designed to improve the fixed income ecosystem, the three companies signed a joint venture agreement…