Cboe to Send Data & Analytics to the Cloud Exchanges company Cboe Global Markets reports that it is moving its corporate data and analytics from onsite systems to the cloud via Snowflake’s Data Cloud. Cboe officials say that they are making the change to bring “speed, scalability, and efficiency” to Cboe’s management of internal, proprietary data… Read More >>
SocGen Joins Broadridge’s Repo Platform & Other News
Société Générale Supports Repos via DLT French banking giant Société Générale reports that it is now “live on the distributed ledger technology repo platform” created by vendor Broadridge Financial Solutions. The platform “accelerates the digitization of the global repo market, empowering participants to realize immediate benefits of reduced risk and operational costs and enhanced… Read More >>
NYFIX to Expand Post-Trade Services via Acquisition
Broadridge Buys Itiviti Partner Alpha Omega Broadridge Financial Solutions has acquired Alpha Omega, a post-trade solutions provider that uses the FIX electronic trading protocol, a move that will expand NYFIX’s post-trade services, officials say. Alpha Omega is a longtime partner of Itiviti, which itself is the result of the 2016 combination of NYFIX and Ullink. Broadridge… Read More >>
Innovation Will Thrive in 2021: Greenwich Associates
As we are seeing this week via domestic and international events, it is very difficult to make any predictions for 2021 let alone name the trends for the market structure facilitating securities trading and operations. However, market research firm Greenwich Associates in a new report, “Top Market Structure Trends for 2021,” authored by industry analysts… Read More >>
FTF News Announces Editor’s Choice Award Recipient
(FTF and FTF News are proud to announce that Maria Gotsch has been chosen for the Editor’s Choice award, which is part of the FTF News Technology Innovation Awards for 2020. Gotsch is the president and CEO of the Partnership Fund for New York City, the $170 million investment arm of the Partnership for New York… Read More >>
Buy Side Grapples with Electronic FX Execution: Q&A
(BidFX, a provider of an execution management system (EMS) for global foreign exchange (FX) markets, recently made news when the Singapore Exchange (SGX), Asia’s largest FX marketplace, acquired a 20 percent stake in the TradingScreen company. The stake includes an option for additional shares to gain a controlling interest, for a total cash consideration of… Read More >>
CFTC Explains Smart Contracts
Through its LabCFTC extension for FinTech innovation, the CFTC has issued a primer “intended to be an educational tool” to explain what a “smart contract” actually is (in case you’re not certain), and to point out some of its shortcomings. “Fundamentally, a ‘smart contract’ is a set of coded computer functions,” according to the primer…. Read More >>
CFTC & U.K.’s FCA Join Forces on FinTech Push
CFTC and FCA Sign Agreement to Collaborate The U.S. CFTC and the U.K.’s Financial Conduct Authority (FCA) report the signing of an agreement that “commits the regulators to collaborating and supporting innovative firms through each other’s fintech initiatives” — LabCFTC in the U.S. and FCA Innovate in Great Britain. The heads of both regulators saluted… Read More >>
UBS Adds Six Banks to Crypto-Currency Settlement Push
The buzz around crypto-currency blockchain/distributed ledger technology (DLT) continues with UBS’s utility settlement coin (USC), adding six of the world’s largest banks — Barclays, HSBC, State Street, Credit Suisse, MUFG and the Canadian Imperial Bank of Commerce — to its roster. The new members join UBS, Deutsche Bank, Santander, BNY Mellon and the financial services… Read More >>
Hong Kong Asserts Its FinTech Prowess
Just in case you got distracted by a financial services regulatory infrastructure for the U.S. that is being remade in the image of Trump, Hong Kong’s financial services community has some news. In fact, the FinTech Association of Hong Kong (FTAHK) had its official launch on June 28, underscoring the point that financial IT innovation… Read More >>
