BondWave, a fixed income technology solutions provider, will be expanding its fixed income data and analytics platform, dubbed Effi, via the acquisition of the fixed income data analytics business unit of Bitvore, an artificial intelligence (A.I.) company offering insights from unstructured data, officials say. BondWave will not be acquiring the rest of Bitvore and will… Read More >>
MarketAxess Buys LiquidityEdge to Sell Treasury Bonds
MarketAxess Holdings Inc. will expand its portfolio of traded products and open itself to more competitors with the recently announced $150 million acquisition of LiquidityEdge, a marketplace for U.S. Treasury trading. Already an operator of an electronic platform for trading fixed income securities, MarketAxess is purchasing LiquidityEdge via $100 million in cash and $50 million… Read More >>
Executive Shuffles Underway at Cboe & MarketAxess
Executive shuffles are underway for Cboe Global Markets, a holding company for some of the industry’s largest exchanges, and MarketAxess Holdings, which operates an electronic trading platform for fixed-income securities. In a major announcement, Cboe officials revealed that industry veteran Chris Concannon will be leaving his post as president and chief operating officer (COO), effective… Read More >>
Regulators Strike $26M Settlement with LPL Financial
The North American Securities Administrators Association (NASAA) reports reaching a settlement with LPL Financial LLC and state securities regulators that would require the broker-dealer to “repurchase from investors certain securities sold since October 2006 and to pay civil penalties that could total more than $26 million.” According to a NASAA statement, the recent settlement is… Read More >>
Northern Trust via CDCC Directly Clears Canadian Derivatives
Northern Trust to Take Part in Expanded CDCC Program Northern Trust Canada officials have announced that they launched a direct clearing of cash and repurchase agreement (repo) trades for fixed income securities through an expansion of the clearing model of the Canadian Derivatives Clearing Corp. (CDCC), officials say. In addition, Northern Trust reports that it… Read More >>
