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Pico Appoints Former ITG CEO Francis J. Troise to Board of Directors
Pico has appointed former Investment Technology Group (ITG) CEO Francis J. Troise to its board of directors with the remit to support the company’s growth and innovation. The addition of Troise follows Pico’s recent acquisition of Corvil, which created a powerhouse combining Pico’s managed trading technology services and Corvil’s monitoring services and real-time performance analytics….
London Stock Exchange Rejects $37 Billion Acquisition Bid from Hong Kong Exchange
The London Stock Exchange Group (LSEG) has rejected the $37 billion conditional acquisition proposal made by Hong King Exchanges and Clearing (HKEX) to acquire the entire share capital of the London exchange last week saying it has ‘fundamental concerns about the key aspects of the conditional proposal’. These include the strategy, deliverability, form of consideration…
Global AML Fines Quadruple in 2019, Could Break Records
New analysis from KYC solutions provider Encompass Corporation has found that a total of $8.07 billion of anti-money laundering (AML) fines were imposed globally between January 1 to August 31 this year – approximately 4.3 times higher than the $1.87 billion handed out over the same period in 2018. Over the four months May to…
Volker Rule Revisions Hotly Contested, But More Changes Could Be on the Way
Changes to the Volker rule announced recently by US regulators are stoking intense debate about the effect they will have on regulated institutions, the financial markets, and the US economy as a whole. The Volker rule was brought in as part of the 2010 Dodd-Frank Act, which was created in response to the global financial…
Bloomberg Extends Availability of B-PIPE in the AWS Cloud to Europe and Asia
Bloomberg is replicating the US release of its B-PIPE real-time market data feed in the Amazon Web Services (AWS) cloud in Europe and Asia. While a few clients are in production and others are working to get up and running in the US, Bloomberg is testing B-PIPE in the cloud in Tokyo and London with…
Vela Expands on Plans to Extend Reach of SuperFeed and Add New Data Types
Vela’s investment in its SuperFeed market data feed will extend the feed’s reach and add new data types, but what is the rationale behind the roadmap? We caught up with Vela CEO Jen Nayar to find out more. While SuperFeed already delivers high-quality normalised real-time market data and offers a blend of fast delivery and…
Funds Distribution Platform MFEX Selects NeoXam DataHub
Global funds distribution platform MFEX is expanding its partnership with data management provider NeoXam with the implementation of the latter’s DataHub solution, which will support the platform’s changing data needs as it grows its business. MFEX, a leading funds distributors platform in Europe and Asia, is focusing on growing its capabilities by securing partnerships with…
SmartStream RDU Releases SFTR Security Reference Data Service
The SmartStream Reference Data Utility (RDU) has extended its offering with a cloud-based security reference data service designed to simplify and enable firms to meet the EU’s Securities Financing Transactions Regulation (SFTR) requirements. SFTR requires banks and investment firms to start reporting securities financing transactions (SFTs) to a registered trade repository beginning April 14, 2020….
EOSE Responds to Financial Firms’ Growing Interest in Monetising Data
EOSE, a specialist services firm set up a year ago to help financial institutions commercialise their market data, has clocked up its fifth client, the Dubai Gold and Commodities Exchange (DGCX), the largest derivatives exchange in the Middle East. EOSE will support the exchange in enhancing the market data segment of its business, while the…
Responses Split on ESMA Consultation Paper on a Consolidated Tape and Market Data
Responses to the European Securities and Markets Authority’s (ESMA’s) July consultation paper on the establishment of a consolidated tape (CT) for equity instruments are starting to surface, and the views they express diverge greatly. While some industry participants are very much in favour of a CT, others are strongly against the idea. The road to…