Digital Asset Board Chairman to Be Acting CEO Digital Asset, a provider of distributed ledger technology (DLT), reports that Blythe Masters, the company’s CEO since 2015, will step down, for unspecified personal reasons. AG Gangadhar, who joined the company’s board of directors in April of this year, has been named board chairman and will serve… Read More >>
CME to Drop NEX Branding Post-Acquisition
CME to Keep BrokerTec, EBS, Traiana & TriOptima Brands The CME Group as expected has completed all the steps for the acquisition of NEX Group, first announced in March, but will discontinue the NEX branding while keeping the names for the mark1ets and “Optimisation” businesses such as BrokerTec, EBS, Traiana and TriOptima. “The combined company… Read More >>
Nasdaq to Bolster Infrastructure Offerings via Cinnober Acquisition
Trading exchanges company Nasdaq has made a $190 million, recommended all-cash public offer to purchase Swedish financial technology provider Cinnober, which serves key players in the securities industry. The offer to the shareholders and warrant holders of Cinnober is intended to strengthen Nasdaq’s position as an infrastructure provider of trading, clearing and exchange technology and… Read More >>
FINRA Taps Travelers to Fill Chairman’s Post
FINRA Picks William H. Heyman to Succeed Jack Brennan The self-regulatory organization for brokerages, the Financial Industry Regulatory Authority (FINRA), has a new chairman for its board of governors with the unanimous election of William H. Heyman, vice chairman and chief investment officer of The Travelers Companies, Inc. Heyman, who will take over as… Read More >>
Colt Technology Services Names VP of Capital Markets
Colt Hires from BT Global Services Colt Technology Services, which provides on-demand services to the financial markets reports that Andrew Housden has joined as vice president of capital markets, reporting to Tom Regent, Colt’s chief commercial officer. He will be responsible for growing the capital markets vertical, Colt says in a statement, and will be… Read More >>
Cinnober Spins Off Clearing Unit to Target the Sell Side
Swedish post-trade technology provider Cinnober is spinning off its real-time, clearing business into a dedicated separate subsidiary to provide client clearing for large international banks. It is currently looking to build a management team and hire a CEO to take it to the next stage. Cinnober provides technology for trading and clearing venues across the… Read More >>
SEC Pushing for Consolidated Audit Trail
The SEC voted late last month to move ahead with the final phase of the consolidated audit trail (CAT) project, part of a proposed national market system (NMS) plan to “create a single, comprehensive database that would enable regulators to efficiently track all trading activity in the U.S. equity and options market,” officials say. The… Read More >>
Single Platform for Thai Bourse
The Stock Exchange of Thailand (SET) and TFEX, its derivative arm, have replaced their technology infrastructure and begun trading with technology from Cinnober Financial Technology, the supplier of financial technology to marketplaces and clearinghouses reports. This follows a similar technology replacement from Cinnober for equities trading at SET, which has been in effect since September… Read More >>
South African Exchange Picks Cinnober
The Johannesburg Stock Exchange (JSE) has selected Cinnober’s TRADExpress RealTime Clearing system as the basis of a new multi-asset clearing technology platform that JSE and Cinnober will develop together. Currently, the JSE uses different clearing technologies for different asset classes. The new multi-asset platform will phase out the current clearing technology at the JSE in… Read More >>
