World Federation of Exchanges (WFE) officials are using the COP28 United Nations climate summit in Dubai as a way to mobilize the exchange industry to bring attention to climate change and sustainability issues and to focus on how exchanges can help channel investments and financing to green initiatives. The WFE is a global industry group… Read More >>
UBS Australia Deploys Syn~Ops Suite & Other News
FNZ Scores Sixth Win in Australia UBS Australia and vendor FNZ report that the bank has deployed the Syn~Ops post-trade securities processing product suite across multiple asset classes in markets around the globe — the sixth Australian firm to migrate to Syn~Ops. The FNZ’s Syn~ product suite offers “real-time trade and settlements processing capabilities at… Read More >>
Snowflake to Host Cboe’s Data Framework & Other News
Cboe to Send Data & Analytics to the Cloud Exchanges company Cboe Global Markets reports that it is moving its corporate data and analytics from onsite systems to the cloud via Snowflake’s Data Cloud. Cboe officials say that they are making the change to bring “speed, scalability, and efficiency” to Cboe’s management of internal, proprietary data… Read More >>
Iress Completes QuantHouse Integration via Team Launch
New Iress Team to Drive Combined Solutions Financial technology provider Iress has completed its integration of the offerings of QuantHouse — acquired two years ago — with the launch of the Iress API Data and Trading Solutions team, which will drive the sales and support for a suite of trading data solutions and managed services,… Read More >>
SEC & Exchanges Clash Over Market Data Order
U.S. equities exchanges are pushing back on the SEC’s sweeping order directing them and the Financial Industry Regulatory Authority (FINRA) to improve the governance structure for public, consolidated equity market data and the distribution of trade and quote data from trading venues. The order is intended to change the balance of power among trading venues… Read More >>
Akuna Fined for Alleged VIX Derivatives Settlement Violations
Akuna Securities and CBOE Global Markets officials have settled charges of trading violations via a letter of consent, dated Jan. 31, 2019, that includes a fine of $1.28 million, officials have confirmed. CBOE officials allege that the Chicago-based firm, acting as a broker-dealer, submitted strategy orders on three dates from November 2016 to November 2017… Read More >>
Executive Shuffles Underway at Cboe & MarketAxess
Executive shuffles are underway for Cboe Global Markets, a holding company for some of the industry’s largest exchanges, and MarketAxess Holdings, which operates an electronic trading platform for fixed-income securities. In a major announcement, Cboe officials revealed that industry veteran Chris Concannon will be leaving his post as president and chief operating officer (COO), effective… 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 >>
Bitcoin Rollercoaster Becomes a Ride Most Avoid for Now
The bitcoin cryptocurrency rollercoaster is roaring ahead as regulators come to grips with instruments based upon it, some trading venues advance instruments as other venues move into limbo, and the price of the virtual currency is under constant scrutiny. The only thing more erratic than bitcoin’s rise and fall and rise was the brinksmanship around… Read More >>
Wells Fargo Readies New London Headquarters
Wells Fargo to Move 1,200 Into London HQ Wells Fargo & Co. recently completed its purchase of 33 King William Street (formerly known as 33 Central) in the City of London from the international real estate developer HB Reavis, bank officials say. The office development effort, announced in July 2016, marks the “first international real… Read More >>
