Schroders Takes Minority Stake in Forteus Invesment management giant Schroders is investing in Forteus, an asset manager with a focus on blockchain technology and digital assets. Schroders officials say that they will develop next-generation investment solutions via the new arrangement. Forteus is the asset management arm of the Numeus Group, a diversified digital asset… Read More >>
Cboe’s New Trading Floor Mixes Past & Present
With a lot of fanfare earlier this month, Cboe Global Markets, Inc., a Chicago-based exchanges company that offers trading, clearing, and investment solutions, bucked more than a few trends when it launched a hybrid, open outcry trading floor in “the historic Chicago Board of Trade (CBOT) building” at 141 West Jackson Boulevard. “We are continuing… Read More >>
Liquidnet Targets Corporate Bonds & Other Briefs
Liquidnet Offers a Direct Link to Syndicate Banks Agency broker Liquidnet is focusing on the issuance process for corporate bonds via a new feature that aims to bring straight through processing to the front-to-middle office workflow. The new function of the Liquidnet Primary Markets service helps investors communicate directly with syndicate banks via their… Read More >>
Murex Focuses New Offering on LIBOR Transition
Murex & LCH Also Working on Clearing Issues Murex, a specialist vendor for trading, risk management and processing solutions has launched a transition offering and a task force to address “the challenges of the 2021 discontinuation and benchmark reforms” that will end the usage of the London Interbank Offered Rate, or LIBOR. Over the years,… Read More >>
ICE Buys TMC Bonds for $685 Million
ICE to Offer TMC’s Services Alongside Its Own The Intercontinental Exchange (ICE), owner of the New York Stock Exchange (NYSE), will be expanding its electronic trading offerings for fixed income liquidity via its $685 million acquisition of TMC Bonds, ICE officials say. The cash transaction will close during the second half of 2018, “subject to… Read More >>
Clayton & Giancarlo Issue Joint Crypto Currency Warning
Regulators See Upside to Blockchain/DLT Bitcoin and the other so-called distributed-ledger cryptocurrencies have had a rollercoaster valuations ride so far this year, which may not be surprising to anyone who can identify Mt. Gox or knows that Tether, pitched to investors as the “more stable” cryptocurrency, lost nearly $31 million in tokens near the end… Read More >>
Electronic Trading Jolts FX Markets to Change
The foreign exchange (FX) markets have undergone significant transformation with electronic platforms comprising a greater share of activity. However, the nature of trading has also changed and venues will have to up their game if they want to attract and retain a growing and diverse group of market participants, according to a new report, “FX… Read More >>
Report: Electronic Trading for Fixed Income Poses Settlement, Clearing Risks
A new study has found that while electronic and algorithmic trading in fixed income markets are delivering many benefits, they also may create new settlement and clearing risks, and put a strain on liquidity conditions. These findings are from a study group established a year ago by the Markets Committee of the Bank for International… Read More >>
DTCC Debuts ‘Data as a Service’ Offering
DTCC Debuts ‘Data as a Service’ Offering Post-trade services utility, the DTCC is launching its data as a service (DaaS) offering that is intended to change the way data is accessed and presented from DTCC’s clearing, settlement, asset servicing and derivatives trade reporting solutions, DTCC officials say. “The DaaS offering provides subscribers access to their… Read More >>
Investors Still Like Sell-Side Salespeople
An interesting report on how investors still rely on sell-side advice and interactions even while swap trading is moving quickly to electronic platforms slipped past me, but it’s worthy of belated notice. The report (issued late last month) from Greenwich Associates, “Interest-Rate Derivatives Sales: Not What It Used To Be, But No Less Important,”… Read More >>
