ISITC & TCC Form Partnership Securities operations standards group ISITC has begun a partnership with the Tokenized Commodities Council (TCC) “to advance the understanding and adoption of digitized real world assets,” officials say. The nonprofit trade association TCC is “dedicated to educating the investment community and wider public about the benefits of and best practices… Read More >>
CFTC Blesses Clearing for Digital Asset Futures
Is there a lesson here for the crypto exchanges that are facing the wrath of the SEC? Digital asset clearing and settlement is a new reality for securities firms that want to keep clients happy. Toward that end, the CFTC approved Cboe Clear Digital to clear margined digital asset futures. Technically, the CFTC approved an… Read More >>
Turkish Bank Goes Live with Murex System & Other News
Anadolubank Deploys MXGO Solution Turkish bank Anadolubank has gone live with a treasury and trading platform from vendor Murex to build a front-to-middle-office platform across multiple asset classes including FX, FXD, money markets, fixed income, interest rate differential (IRD) and SecFin that will help the bank expand its treasury and capital markets businesses. Anadolubank is… Read More >>
Cboe’s New Trading Floor Mixes Past & Present
With a lot of fanfare earlier this month, Cboe Global Markets, Inc., a Chicago-based exchanges company that offers trading, clearing, and investment solutions, bucked more than a few trends when it launched a hybrid, open outcry trading floor in “the historic Chicago Board of Trade (CBOT) building” at 141 West Jackson Boulevard. “We are continuing… Read More >>
Wall Street Braces for a Safe Return
Wall Street is moving cautiously toward reopening and Monday, June 22, will serve as a milestone for when the securities industry took its first step into the new normal following a crushing pandemic that took 21,000 lives in New York City and brought the world to a halt. After three months of a pandemic lockdown,… Read More >>
Cboe Postpones Trading Floor Reopening
Cboe Global Markets has postponed the re-opening of its “South Loop” trading floor until Monday, June 15, a week later than previously announced. The reopening of the officially named Cboe Options Exchange (C1) trading floor “was previously scheduled for Monday, June 8, 2020,” according to the latest Cboe statement. “The decision to postpone the reopening… Read More >>
Buy Side Spared Direct CAT Reporting Requirements
(U.S. securities exchanges and the Financial Industry Regulatory Authority (FINRA) pushed for the creation of an uber market surveillance/database system, the Consolidated Audit Trail (CAT), to support SEC Rule 613. Plans for implementation have been underway since July 2012 and got a boost when SEC officials finally approved the CAT NMS Plan on Nov. 15,… Read More >>
CBOE to Buy Bats for $3.2 Billion
CBOE Holdings, the holding company of several options exchanges, will be expanding its product offerings across asset classes and geographies with the $3.2 billion acquisition of the upstart exchange Bats Global Markets, which itself acquired a swap execution facility (SEF) over the summer. The holding company for the Chicago Board Options Exchange (CBOE), CBOE Futures… Read More >>
Eurex Clearing Applies TriOptima’s Portfolio Compression
Eurex Clearing Implements triReduce Post-trade infrastructure provider TriOptima announced that Eurex Clearing members recently completed the first successful triReduce compression cycle for cleared euro (EUR) interest rate swaps (IRS), officials say. “Portfolio compression” reduces the size of an existing over-the-counter, interest rate swaps portfolio “with respect to the number of trades and notional through early… Read More >>
ITG Launches Tool to Review Post-Trade, Fill-Level Data
ITG Launches Execution Analysis Tool ITG, an independent broker and financial technology vendor, reports that it has launched ITG Execution Analysis, a web-based analytics tool for clients seeking additional insights into their fill-level data and broker-neutral algorithm usage. “Through the use of FIX-based, fill-level data, ITG Execution Analysis focuses on algorithm usage, spread capture, venue… Read More >>
