LOU Accreditation Comes in Time for MiFID II Bloomberg, which made its fortune in market data, trading systems and news, is stepping into the Legal Entity Identifier (LEI) realm as an accredited Local Operating Unit (LOU) of the Global LEI System (GLEIS), officials say. The company has received “approval to issue and maintain” LEIs, and… Read More >>
LiquidityBook Lands Three Hedge Funds for POEMS
New LiquidityBook Clients Went Live in December LiquidityBook, a software-as-a-service (SaaS) fintech vendor, reports that three San Francisco-based hedge funds — Pier 88 Investment Partners, Zeo Capital Advisors and Solstein Capital — have signed on as new clients for the SaaS-based LBX Buyside POEMS (portfolio, order and execution management system). By late last year,… Read More >>
Flash Crash Trader Hit with $38M+ in Sanctions
Navinder Singh Sarao, the U.K. resident known as the “Flash Crash Trader,” has been ordered by a U.S. court to pay a $25,743.174.52 civil monetary penalty and $12,871,587.26 in disgorgement for multiple charges of futures market manipulation. Sarao was extradited from the U.K. to the U.S., where he faced criminal charges for the same acts…. Read More >>
CFTC to Stream Regulation AT Meeting on Nov. 4
CFTC to Mull Add-On to Automated Trading Rule The CFTC will hold an open meeting on Friday, Nov. 4, at 10 a.m. to consider a supplemental proposal to Regulation Automated Trading (Regulation AT), according to an announcement from CFTC Chairman Timothy Massad. The CFTC Open Meeting will take place at the lobby-level hearing room at… Read More >>
State Street, Bloomberg Join Forces for Fixed Income ETFs
Custodian and asset manager State Street Corp. and market data and news provider Bloomberg have joined forces for a Bloomberg terminal enhancement that improves workflow and settlement for fixed income exchange traded funds (ETFs). The combined effort has led to an integration between Bloomberg’s Fixed Income ETF Basket service (BSKT<GO>) and State Street’s TotalETF automated… Read More >>
Bloomberg Applies to Join Global LEI Effort
Bloomberg, the eponymous market data, trading systems and media company headed by the billionaire former New York City mayor, has applied to the Global Legal Entity Identifier Foundation (GLEIF) to become a local operating unit (LOU) in the global legal entity identifier system (GLEIS). Privately held Bloomberg is “working to establish the infrastructure and other… Read More >>
Markit-IHS Challenges Dominance of Bloomberg and Thomson Reuters
Activity in the market data sphere has continued at a clip over the past two years but the recent $13 billion merger of two sector giants — Markit and IHS — marks the largest union. Together they will create a formidable force in corporate and financial coverage that will rival entrenched powerhouses Bloomberg and Thomson… Read More >>
ITG Launches Tool to Review Post-Trade, Fill-Level Data
ITG Launches Execution Analysis Tool ITG, an independent broker and financial technology vendor, reports that it has launched ITG Execution Analysis, a web-based analytics tool for clients seeking additional insights into their fill-level data and broker-neutral algorithm usage. “Through the use of FIX-based, fill-level data, ITG Execution Analysis focuses on algorithm usage, spread capture, venue… Read More >>
Bloomberg Launches Website and API for Instrument Identifiers
Bloomberg is targeting exchanges, data providers and custodians with an online utility and mapping tools that help to identify, map and request instruments that conform to the vendor’s global, open standard for identifying financial instruments, the Financial Instrument Global Identifier (FIGI) Bloomberg recently launched OpenFIGI.com and the OpenFIGI API (application programming interface) to further the… Read More >>
Deutsche Bank and OMG Say Yes to Bloomberg’s FIGI
The financial instrument global identifier (FIGI) from Bloomberg’s Open Symbology group, a data research unit at Bloomberg L.P., the privately held media, software and financial data company owned by the former mayor of New York City, has received two more important endorsements in recent days, one from Deutsche Bank and the other from the Object… Read More >>
