The Bloomberg Terminal for news, data, insights, and trading systems will now provide International Securities Identification Numbers (ISINs) for Negotiable European Commercial Paper (NEUCP), according to Bloomberg, which has been collaborating with Euroclear to offer this same-day issuance framework. The new framework is based on the integration of Bloomberg’s security reference data with Euroclear’s metadata… Read More >>
CME & DTCC Ready Cross-Margining Offering & Other News
SEC & CFTC Approve Joint Effort for Treasuries & Futures The SEC and CFTC have approved a new cross-margining arrangement between CME Group and the DTCC that will “permit eligible clearing members of CME and the Government Securities Division (GSD) of DTCC’s Fixed Income Clearing Corp. (FICC) to cross-margin an expanded suite of products,”… Read More >>
Acadia Launches an IM Recalibration Tool & Other News
Acadia Solution Compares ISDA SIMM Versions Acadia, a maker of risk mitigation services for derivatives trading, has launched a web-based offering, dubbed IM Recalibration Analytics (IMRA), that is intended to help firms assess the impact of the new ISDA Standard Initial Margin Model (ISDA SIMM), a methodology that helps securities firms calculate initial margin for… Read More >>
Bloomberg Debuts ETF List-Trading Function & Other News
ETF Function Stretches Across 100 Liquidity Providers Bloomberg has launched a list-trading service for exchange-traded funds (ETFs), dubbed the ETF Request for Quote (RFQe), that helps traders with pricing and liquidity searches across multiple-asset ETFs via “more than 100 liquidity providers,” Bloomberg says. RFQe builds upon current functions to help clients trade multiple securities with… Read More >>
Bloomberg Pays $5M Penalty to Resolve BVAL Case
Bloomberg Finance L.P. is paying a $5 million penalty to the SEC to settle charges that its daily price valuation service BVAL misled some fixed income subscribers when the market data giant allegedly failed to let them know that some of the valuations were based on a single data input rather than a full implementation… Read More >>
Bloomberg Takes On Corporate Actions Complexity: Q&A
(FTF News recently got the chance to check in with Maureen Gallagher, the global head of enterprise reference data at Bloomberg. Our Q&A covers missing and incomplete corporate actions, the changes that Bloomberg is making to its corporate actions offerings, and the impacts of emerging, disruptive technologies. In her role, Gallagher oversees not only corporate… Read More >>
Wolters Kluwer & Broadridge Take On Taxes & Other News
Extended Partnership Focuses on Cost-Basis & Tax Reporting Wolters Kluwer Compliance Solutions and Broadridge Financial Solutions, Inc. report that they have “enhanced their longstanding relationship by entering into a strategic alliance to provide an industry-leading solution for cost basis and tax reporting processing needs.” The strategic alliance allows the firms to “seamlessly share necessary tax… Read More >>
Citi & Bloomberg Target ETFs & Other FinTech Briefs
Citi Integrates ACES With Bloomberg’s BSKT Citi and Bloomberg officials report that they have integrated Bloomberg’s service for negotiating fixed income baskets, known as BSKT, with a proprietary platform from Citi known as ACES (Citi Advanced ETF System). The integration is intended to provide better support for Citi’s exchange-traded funds (ETF) clients that use BSKT…. Read More >>
ICE Sells Stake in Euroclear for $825M
Silver Lake Buys ICE’s 9.85 Percent Stake American private equity firm Silver Lake likes Euroclear Holding’s growth path and has purchased Intercontinental Exchange’s 9.85 percent stake in Euroclear for €709 million ($824.8 million), officials say. Officials at ICE, the owner of the New York Stock Exchange (NYSE), say the past investment in Euroclear has been… Read More >>
Northern Trust Bolsters Recs Visualization Tool
Northern Trust Enhances Recs Dashboard Custodian bank Northern Trust has updated its Rec Dashboard workflow tool so that it helps clients with collaboration and scalability for real-time transparency into the reconciliations process, officials say. The Rec Dashboard offers views of “breaks and reconciliations in trade activity between asset managers and other institutions,” officials say. “Rec… Read More >>
