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SEC Releases Long-Awaited Guidance for Rule 606 on Broker Disclosures – But is it Enough?

Rule 606, updated by the Securities and Exchange Commission (SEC) last year to require additional disclosures by broker-dealers to customers regarding the handling of their orders, has caused headaches for the sell-side since it was first proposed – largely due to the complexity of the original 334-page mandate. With the postponed October 1, 2019 deadline…

Would ICE Really Buy Bloomberg?

By Andrew Delaney. The London Stock Exchange’s planned $27 billion acquisition of Refinitiv – the former Reuters – got us thinking: who’s left of the independent market data vendors, and who would buy them? Of the major global vendors that have dominated the space over the past decade or so, only one independent remains. With…

Equinix Takes Platform Approach to Solving Client Problems

Equinix is developing a platform-based approach to solving client problems. The platform will host next-generation services and continues the company’s journey, which started in 1998 with the offer of data centres and moved on to provide solutions including interconnection and cloud services, as well as a focus on developing a capital markets ecosystem. The modular…

BMLL Offers Access to Normalised Level 3 Data and Advanced Analytics at Scale

BMLL Technologies, a cloud-based data-engineering-as-a-service company, has released a derived data service that provides access to normalised, highly granular Level 3 data and advanced analytics. Typically, the company’s derived data capability can process 225 billion messages in a matter of hours rather than days at a significantly reduced cost, allowing market participants to consume bespoke…

Itiviti Partners Brazilian Stock Exchange

Itiviti and B3, the Brazilian stock exchange, have partnered to ensure reliable connectivity between global firms and B3 members. As a member of Itiviti’s Global Alliance Program, B3 is able to provide its members with access to the services, including advanced analytics, monitoring and post-trade processing, Itiviti offers through its NYFIX portal. The partnership will…

Refinitiv Shareholders Agree Merger Deal with LSE, David Craig Remains CEO of Refinitiv

Following our review of the London Stock Exchange Group’s (LSEG) proposed acquisition of Refinitiv through a transaction valued at $27 billion, Refinitiv today announced that its shareholders have agreed definitive terms with LSEG on the acquisition. The approval of LSEG shareholders will be sought at a general meeting to be held before the end of…

LSE in Talks with Refinitiv on $27 Billion Merger Deal

News broke over the weekend that the London Stock Exchange (LSE) is in talks with Refinitiv to take over the former risk and finance unit of Thomson Reuters, in a transaction valued at $27 billion. Should it come to pass – and given the specificity of press reports, it seems it most likely will –…

Trading Technologies Adds Colocated Execution and Connectivity at ICE Data Centre in Basildon

Trading Technologies International (TT) has added colocated execution and client connectivity services at the ICE Data Services European Liquidity Centre in Basildon, UK, to its global trading infrastructure offering. The expansion to Basildon provides TT’s global user base with the lowest-latency direct market access to ICE’s European derivatives markets through the TT platform, and also…

Johannesburg Stock Exchange Partners CME Group

The Johannesburg Stock Exchange (JSE) has partnered CME Group, a derivatives marketplace, to offer its first cloud solution. The move modernises JSE’s market data offering that now includes historical equity, equity derivatives, and currency derivatives in the cloud. The historical tick data will enable clients, traders and investors to assess trading opportunities, strengthen their market…

Pico Pushes on to Fulfil Global Expansion Plan

Pico, a provider of infrastructure, connectivity, cloud technology, data and analytics services, has a global expansion plan and is pushing on to fulfil it with an additional 20 colocation facilities due to be up and running across Asia this year, expansion of its PicoNet proprietary network, hybrid connectivity options including radio transmission, and ongoing developments…