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The Deal is Done – LSEG Completes Acquisition of Refinitiv
A big day in the City last Friday as the London Stock Exchange Group (LSEG) completed its all-share acquisition of Refinitiv first mooted back in July 2019. The acquisition is expected to create a leading, UK-headquartered, global financial market infrastructure provider with a strong data and analytics business, significant capital market capabilities across multiple asset…
Crux Informatics Closes $36 Million Funding Round to Accelerate Growth
New York-based Crux Informatics has raised $36 million of new funding from its existing investors, which include Citi, Goldman Sachs, Morgan Stanley and Two Sigma. The financial data delivery platform operator, founded in 2017, has also announced two new products: Crux Protect and Crux Wrangle. Crux specialises in providing a high-scale, fast, and cost-effective data…
Data Management for Analytics and Market Surveillance
Big Data pervades every aspect of our lives, whether in support of smartphone apps or more sophisticated AI techniques used across many industries. The financial services segment is no exceptions, and the explosion of data in financial markets is posing new opportunities and challenges to deploy analytics for better trading decisions and more effective surveillance….
2021: Brexit, No Equivalence and the Day of the SEF
By Kirston Winters, Managing Director – MarkitSERV, IHS Markit. The transitional period ended on 31 December with no relief for European Union (EU) firms on the derivatives trading obligation (DTO) from the European Commission (EC) and only limited adjustments from the United Kingdom (UK). This left many firms with conflicting and incompatible DTOs in the…
BMLL Expands Distribution Ecosystem with Kx Platform
London-based analytics specialist BMLL Technologies’ new partnership with First Derivatives’ Kx will make BMLL’s data and analytics available via the Kx Streaming Analytics platform, which is used by many of the world’s major global financial institutions. The arrangement gives BMLL a significant new distribution channel as it continues its expansion in the wake of last…
Genesis and XP Investments Launch FX Trade Capture Solution
Genesis, the Low Code Application Platform (LCAP) vendor specialising in financial markets, has launched a new FX trade capture application. The system – FX Prime – was developed in partnership with XP Investments, the US-based subsidiary of XP Investimentos, Brazil’s largest broker-dealer and an early adopter of Genesis’ microservices approach to application development. The latest…
Market Data in the Cloud: Opportunities and Challenges
Financial institutions are buying into the promise that the scalability and elasticity of cloud solutions will prove to be more cost-effective than on-premise implementations. As firms migrate what they can of their technology infrastructures to the cloud, they are starting to include market data delivery and ingestion systems – long considered too critical to be…
MarketDesk Launches Data Mart with NewChangeFX Partnership
MarketDesk has launched a facility for selling and buying financial content using the cloud-based market data distribution platform it has deployed for private financial services clients. First out of the gate is a partnership with NewChangeFX (NCFX), the FCA-authorised FX benchmark data provider, to offer access to NCFX’s content via MarketDesk’s newly enhanced platform, available…
Revenue Management for Exchanges and Other Financial Data Providers
Monetisation of market data and other financial information has become a major revenue stream for exchanges and electronic trading venues. But these organisations are often dependent on third parties – often market data vendors – for the final connection to end-consumers of their data products. This can make establishing and maintaining direct client relationships challenging….
DXC Technology Spins Off Fixnetix to Options Technology
Almost four years after inheriting the company as part of its 2017 acquisition of CSC, DXT Technology has spun off capital markets infrastructure specialist Fixnetix in a sale to erstwhile rival Options Technology. Terms weren’t disclosed. The transaction – which is expected to close in the first half of this year – marks a full…