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Securities Clearing Corporation of the Philippines Selects LSEG Technology for Post Trade Processing
The Securities Clearing Corporation of the Philippines (SCCP), a wholly-owned subsidiary of The Philippine Stock Exchange (PSE), has selected LSEG Technology’s Millennium Post Trade solution to improve its post trade processes. As part of the agreement, LSEG Technology will implement Millennium Clearing and Millennium Risk products, enhancing SCCP’s clearing, settlement, risk and collateral management capabilities…
SteelEye Extends Reach with Office in Paris
SteelEye, a compliance technology and data analytics firm, has taken the next step in its international expansion with the opening of an office in Paris. The office supports SteelEye’s rapid growth and positions the company closer to regulated financial markets in France, as well as the Benelux region, Switzerland and many of its existing clients….
FINRA CAT Selects AWS to Support Consolidated Audit Trail Platform
The US Consolidated Audit Trail (CAT) has taken another step forward with FINRA CAT, the CAT plan processor, selecting Amazon Web Services (AWS) as cloud provider for the audit trail of order information for all US equity securities and listed options across US markets and trading venues. AWS storage, compute, database, analytics and security services…
Cboe Acquisition of EuroCCP Offers Potential for Equity Derivatives Trading
Cboe Global Markets has made a definitive agreement to acquire EuroCCP, a pan-European equities clearing house. The transaction will bring together two companies that champion competition, open access and clearing interoperability in Europe. Additionally, Cboe’s ownership of EuroCCP is expected to provide opportunity to pursue the development of equity derivatives trading and clearing capabilities in…
Exchanges Can Justify High Fees – But Only if They are Adding Value
By Neill Vanlint, Head of Global Sales & Client Operations, GoldenSource. Across global financial markets, it is hard to think of a more contentious issue right now than the prices exchanges are charging for their trading data. Some high-profile potential acquisitions, including the London Stock Exchange’s $27 billion bid to buy Refinitiv, mean there could…
VoxSmart Extends Comms Surveillance Capability with Acquisition of Fonetic Trading Business
VoxSmart, a provider of mobile surveillance technology, has acquired the trading business of Fonetic with a view to delivering a complete communications surveillance offering that addresses market demand for consolidation and integration compliance and surveillance solutions. The acquisition, financial details of which have not been disclosed, follows some high-profile regulatory investigations and prosecutions, such as…
Goldman Sachs Throws Weight Behind Open Source with Contribution of PURE and Alloy to FINOS
Goldman Sachs has thrown its weight behind the Fintech Open Source Foundation (FINOS) with a major open source contribution of a logical modelling language, internally named PURE, and a platform and visual modelling tool that generates PURE-based models, known within Goldman as Alloy. The contribution is designed to encourage banks to further adopt open source,…
Financial Stability Board Publishes 2019 G-SIB List
The Financial Stability Board (FSB) has published the 2019 list of global systemically important banks (G-SIBs) using end-2018 data and an assessment methodology designed by the Basel Committee on Banking Supervision (BCBS). One bank, Toronto Dominion, has been added to the list of G-SIBs that were identified in 2018, increasing the overall number from 29…
Velocimetrics Adds Context Navigation Panel to VMX EndToEnd Monitoring and Analytics
Velocimetrics, a provider of business flow tracking and real-time, in-stream performance analytics, has made enhancements to its VMX EndToEnd product. The company released VMX v9.0 earlier this year, with the new v9.2 building on this offering and making powerful data lineage more accessible and easier to use. Among additions to v9.2 is a Context Navigation…
In the Fragmented World of Fixed Income, the Buy-build Debate Heats Up
By Ollie Cadman, Chief Product Officer, Vela. Whether firms like it or not, there is no escaping the prospect that electronic trading in the fixed income market is here to stay. For some participants it may require more adjustment than for others, but the simple fact is, e-trading rules. This has some major implications for…