Three European asset managers, Legal & General Investment Management (LGIM), Candriam Investors Group and Fund Channel, have signed on to use know your customer (KYC) managed services from Thomson Reuters as a way to ease their due diligence burdens. The three firms are using the Org ID Know Your Customer (KYC) platform to meet KYC… Read More >>
Ex-Reuters CEO Tom Glocer Joins Morgan Stanley Board
New Lead Director and New Board Committee Chairs at Morgan Stanley Morgan Stanley reports that Reuters veteran Thomas Glocer has been appointed independent lead director of the board of directors, taking over from Erskine Bowles, effective September 1, 2017. Glocer was appointed by the board’s independent directors. Glocer’s appointment “reflects the Board’s governance policy of… Read More >>
Thomson Reuters & Symphony Partner to Integrate Messaging Wares
Partnership Will Facilitate Eikon and Symphony Links Securities trading could get a little easier with the integration to come between Thomson Reuters’ Eikon system and the Symphony Workflow Platform. The two have decided to work together to facilitate the sharing of Eikon objects such as charts, news and data via Symphony’s messaging and collaboration platform,… Read More >>
Thomson Reuters to Slash 2,000 Jobs Worldwide
Thomson Reuters, a major provider of market data, trading systems and news, will be laying off approximately 2,000 people, or two percent of its 48,000-person work force, according to an internal memo released at the same time as the company’s third quarter results. While the Reuters News part of the company will be spared, the… Read More >>
Barclays Signs Up for DTCC’s New Liquidity Data Service
New Offering from DTCC Data Products DTCC Data Products, a centralized data provisioning service supporting DTCC’s offerings, is launching the Liquidity Coverage Ratio (LCR) Data Service, which has gotten the thumb’s up from Barclays Bank, officials say. The new LCR Data Service has been designed to “help firms manage their buffer requirements for liquidity facilities”… Read More >>
Blockchain Project Tests Post-Trade Ops for Swaps
Barclays, Citi, Credit Suisse and JPMorgan with the help of Axoni and other vendors have been successfully testing since June post-trade processes based on blockchain/distributed ledger technologies and smart contracts that support over-the-counter (OTC) equity swaps. “Industry collaboration is key in driving blockchain innovation and Barclays is keen to remain at the forefront of this,”… Read More >>
SEF for Rolling Hemp-Backed Trades Joins FinTech Sandbox
Seed CX, a Chicago-based, new swap execution facility (SEF) for trading hemp as a commodity, has just been selected by the FinTech Sandbox to join its community of innovators, an opportunity that follows shortly after the CFTC approved the SEF. The SeedCX SEF’s mission is to help agricultural market participants to hedge risk and to… Read More >>
EBS Joins Thomson Reuters’ TRTN Post-Trade Network
EBS Clients Get STP via TRTN Foreign exchange (FX) trading platform EBS is now part of a post-trade network offering, the Thomson Reuters Trade Notification (TRTN), in an effort to offer EBS clients straight through processing (STP) support, officials say. EBS is joining more than 2,500 other publishers on TRTN, which Thomson Reuters officials say… Read More >>
New FIX Version Supports Nanosecond Connections
A version of the FIX electronic trading protocol that supports high-performance transactions and data feeds is officially launching via the FIX Trading Community standards body, in an effort to help securities firms keep up with high-speed hardware, software and network connections. The standards body is releasing “a standard, non-proprietary binary message encoding” upgrade, dubbed the… Read More >>
Markit-IHS Challenges Dominance of Bloomberg and Thomson Reuters
Activity in the market data sphere has continued at a clip over the past two years but the recent $13 billion merger of two sector giants — Markit and IHS — marks the largest union. Together they will create a formidable force in corporate and financial coverage that will rival entrenched powerhouses Bloomberg and Thomson… Read More >>
