Thomson Reuters is conducting a global regulatory technology competition that will give “early stage start-ups in the legal, tax and regulatory space” a chance to partner with the vendor of business information services. Those start-ups are asked to apply by Sept. 9, 2019 by visiting the website here. “Entrants will be judged on criteria that… Read More >>
IBM & TR Offer Regulatory Change Management Solution
IT systems giant IBM and the Regulatory Intelligence group at Thomson Reuters (TR) have joined forces to provide financial services firms with a regulatory change management solution that will help them digitize governance, risk, and compliance (GRC) processes, automating access to more than 900 regulatory bodies and 2,500 collections of regulatory and legislative materials, officials… Read More >>
Blackstone Hatches ‘Refinitiv’ via Thomson Reuters Partnership
A Blackstone-led consortium has finalized partnerships and begun the transformation of the Thomson Reuters Financial and Risk (F&R) group into a new company Refinitiv. The newly hatched company will use the private equity infusion to advance content coverage, cloud options, artificial intelligence (AI), analytics across the Elektron and Eikon platforms for buy-side firms, trading, wealth… Read More >>
Firms Are Moving Fast to Public Clouds: Survey
Much has been made about how financial services firms have heartily embraced private cloud computing but it appears that they are now ready to put their money where their mouth is as far as public clouds, according to the results of a survey conducted by Thomson Reuters. The Thomson Reuters global survey of senior IT… Read More >>
SuMi Trust USA to Use DTCC’s GC Direct
First Japanese Custodian Bank Signs Up for Alert Service Sumitomo Mitsui Trust Bank is the first Japanese global custodian firm to use the Alert Global Custodian Direct (GC Direct) service to provide standing settlement instruction (SSI) data to its clients, report officials of the DTCC, a major post-trade services and systems provider. The agreement enables… Read More >>
Thomson Reuters Debuts Media Screening to Fight Financial Crime
Thomson Reuters is applying artificial intelligence (AI)/machine learning technologies to media screening and processing to help financial services firms gather more relevant data for their due diligence efforts to prevent hiring financial criminals. The new capability, Media Check, is an enhancement to its World-Check One platform that is intended to help firms find stories and… Read More >>
Thomson Reuters & NRI Expand Reach of BETA Platform
BETA Platform Gets Automated Settlement & STP via Partnership Market data, news and systems provider Thomson Reuters has added international post-trade processing for multi-market and multi-currency securities to its North American wealth management brokerage processing platform, BETA, via the I-STAR/GX platform from Nomura Research Institute (NRI), a system solutions vendor and consultancy. The BETA expansion… Read More >>
Liquidnet & TradeSmart Partnership Targets Buy-Side Customers
TradeSmart Gets New Links to Liquidity With buy-side customers in mind, TradingScreen Inc. is partnering with Liquidnet, an institutional trading network, to allow the TradeSmart order and execution management system (OEMS) to access Liquidnet’s institutional liquidity and trading strategies, officials say. A TradingScreen offering, TradeSmart is a software as a service (Saas) targets best execution… Read More >>
Blackstone to Buy Thomson Reuters Division for $17B
Private equity giant Blackstone is taking the lead in a consortium that will result in a new corporation with a valuation of $20 billion that will be the new home for the Financial and Risk (F&R) business of Thomson Reuters. Like Thomson Reuters, the company to come will compete directly against many financial data and… Read More >>
FCA Greenlights More OTFs, MTFs in Time for MiFID II
BGC, Integral Get FCA Approvals Just in time for the onset of MiFID II, the U.K.’s Financial Conduct Authority (FCA) has authorized that BGC Brokers LP, GFI Brokers Ltd., GFI Securities Ltd. can each operate an organized trading facility (OTF), and Sunrise Brokers can operate a multilateral trading facility (MTF) via GFI Brokers Ltd. and… Read More >>
