Citi Integrates ACES With Bloomberg’s BSKT Citi and Bloomberg officials report that they have integrated Bloomberg’s service for negotiating fixed income baskets, known as BSKT, with a proprietary platform from Citi known as ACES (Citi Advanced ETF System). The integration is intended to provide better support for Citi’s exchange-traded funds (ETF) clients that use BSKT…. Read More >>
ICE Sells Stake in Euroclear for $825M
Silver Lake Buys ICE’s 9.85 Percent Stake American private equity firm Silver Lake likes Euroclear Holding’s growth path and has purchased Intercontinental Exchange’s 9.85 percent stake in Euroclear for €709 million ($824.8 million), officials say. Officials at ICE, the owner of the New York Stock Exchange (NYSE), say the past investment in Euroclear has been… Read More >>
Northern Trust Bolsters Recs Visualization Tool
Northern Trust Enhances Recs Dashboard Custodian bank Northern Trust has updated its Rec Dashboard workflow tool so that it helps clients with collaboration and scalability for real-time transparency into the reconciliations process, officials say. The Rec Dashboard offers views of “breaks and reconciliations in trade activity between asset managers and other institutions,” officials say. “Rec… Read More >>
DZ Bank Revamps DevOps for Its Trading Floor
German Bank Uses CloudBees Germany’s second-largest bank, DZ Bank has revamped the software development and operations environments that support its trading floor via the offerings of London-based vendor CloudBees, Inc., officials say. The bank is using continuous integration (CI) and continuous delivery (CD) support systems from CloudBees for “the single most important application within the… Read More >>
JPMorgan & Bloomberg Link Custodial Support to OMS
Bloomberg Works With JPMorgan Securities Services Data integration and “frictionless” workflows are the main goals of a new collaboration between JPMorgan’s Securities Services and Bloomberg. The news and market data vendor is working with the services provider business of JPMorgan to offer buy-side firms a new integration that will allow them to work from the… Read More >>
DBS Hiring to Fill 2,000 Posts in Singapore
DBS Also Confirms No-Layoffs Policy The DBS banking group in Asia has just announced that it will be hiring more than 2,000 people in Singapore in 2020, a commitment “to creating and protecting jobs amid pandemic,” officials say. “The announcement follows an earlier pledge by the bank that it will protect the livelihoods of its… Read More >>
IHS Markit Acquires Trade Reporting Vendor
Catena Technologies Becomes Part of IHS Markit IHS Markit, a market data, analytics and solutions vendor, reports that it will be able to offer a solution that integrates transaction reporting with other post-trade and compliance workflows via the acquisition of Catena Technologies, a regulatory trade reporting provider for an undisclosed sum. The combination with IHS… Read More >>
Bloomberg Shouldn’t Fear LSE-Refinitiv Deal: Q&A
(FTF News recently got time with Spencer Mindlin, an Aite Group analyst who focuses on exchange-traded funds (ETFs) and front-office trading technology such as execution and order management systems, market data platforms, and emerging financial technology products. Mindlin answered our questions about the London Stock Exchange Group (LSEG) moving to acquire Refinitiv from a Blackstone… Read More >>
Bloomberg Buys RegTek to Add to RHUB
RegTek.Solutions, a regulatory reporting software solutions vendor, has been acquired by Bloomberg for an undisclosed amount, and will expand the reach of Bloomberg’s Regulatory Reporting Hub (RHUB) suite, laying the groundwork for a combined offering to come during the first quarter of next year. A spinoff of Risk Focus, RegTek.Solutions offers “modular software solutions built… Read More >>
Mobius Embraces Bloomberg for ESG Investment Support
Mobius Capital Partners, an asset manager for emerging and frontier markets, has deployed Bloomberg’s buy-side solutions to help the firm bolster the environmental, social and governance (ESG) concerns of its clients. The ESG criteria represent “a set of standards for a company’s operations that socially conscious investors use to screen potential investments,” according to a… Read More >>
