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 >>
IHS Markit Debuts Vendor Management Service
New Portal Works with IHS Markit’s KY3P Data and analytics vendor IHS Markit has launched the Vendor Management Portal (VMP), a solution to help end-user firms with support for vendor risk-tiering and vendor management workflow, officials say The effort combines VMP with the vendor’s KY3P due diligence service to offer a system to “centralize the… Read More >>
Major Players Test Blockchain/DLT for Margining
ABN AMRO Clearing, EuroCCP, Euroclear and Nasdaq report that they have successfully tested an implementation of distributed ledger technology (DLT) for a margin call between a global capital markets firm and a central clearing counterparty, earlier this month. The test was part of a joint proof of concept (POC) effort to explore ways to “make… Read More >>
CHX to Get NYSE Pillar via ICE Acquisition
The Chicago Stock Exchange (CHX) will become part of the Intercontinental Exchange (ICE), owner of the New York Stock Exchange (NYSE), and the acquisition will pave the way for the CHX’s usage of the NYSE Pillar trading technology, officials say. The merger is slated to close during the second quarter of 2018, officials say. ICE… Read More >>
NEX & CFETS Launch Platform for FX Trading in China
FX Platform Launched in Phases NEX, a financial technology company, reports that it has partnered with the China Foreign Exchange Trade System (CFETS), China’s interbank market trading platform and infrastructure provider, to launch CFETS FX2017, a new trading platform for the Chinese foreign exchange (FX) market. CFETS launched the first phase of FX2017 with a… Read More >>
Global Stock Exchanges Steam Ahead
Despite political and economic uncertainty, global stock exchange groups have powered through, generating strong results in the first half of 2017. Total revenues hit $14.7 billion, up 4.1 percent from a year earlier and an annual record is expected to be set by the end of the year, according to a recent report from consultancy… Read More >>
SEB & Nasdaq to Create Mutual Fund Blockchain
Swedish financial services group SEB, which has total assets of SEK 2,777 billion ($341 billion), and the Nasdaq Stock Market are joining forces to develop a prototype for a mutual fund trading platform based on the vendor Chain Inc.’s blockchain ledger. The aim is to modernize and increase efficiency in the processing of purchases and… Read More >>
Nasdaq to Buy eVestment for $705 Million
eVestment to Join Nasdaq’s Global Information Services Group The Nasdaq Stock Market is moving to acquire vendor eVestment, a content and analytics provider, in a bid by the exchanges company to “deliver attractive shareholder returns” via a company whose client base includes asset managers, investment consultants and asset owners, officials report. Nasdaq will pay $705… Read More >>
Nasdaq Wins Post-Trade Deal with Chile’s CSD
Chilean CSD to Receive Services via Nasdaq Financial Framework Nasdaq will be providing post-trade offerings to Chile’s central securities depository (CSD), Depósito Central de Valores (DCV), which it will use to standardize and unify operations, messaging and the data infrastructure, officials say. The new infrastructure capabilities will become available via the Nasdaq Financial Framework. The… Read More >>
Deutsche Bundesbank & Deutsche Börse Launch Blockchain Initiative
Germany’s central bank, Deutsche Bundesbank and its national exchange Deutsche Börse, have joined forces to develop a functional prototype for a blockchain/distributed ledger technology (DLT)-based settlement of securities. Stefan Teis, senior vice president for group product and business development at Deutsche Börse, stresses that the “prototype is based on a conceptual study and not intended… Read More >>
