The FIX Protocol for electronic trading may soon support higher timestamp resolution to help market participants comply with the revised Markets in Financial Instruments Directive (MiFID II) for Europe, according to the governing body behind the Financial Information eXchange (FIX) standard. Implementing MiFID II will involve many IT challenges for industry participants, says Kathleen Traynor,… Read More >>
Brazilian Exchange Dives into Post-Trade Overhaul
BM&FBOVESPA, the merged Brazilian exchange operator, is delivering the first phase of a major post-trade processing overhaul via the launch of a clearinghouse for derivatives, intended to streamline and ease the collateral burden for its customers. An operator for securities and derivatives markets, BM&FBOVESPA provides registration, clearing and settlement services. It also acts as a… Read More >>
BOAT Still Afloat After Acquisition
For the moment, all customers of the European Trade Data Monitor (TDM) platform BOAT are sticking with the service, following Cinnober Financial Technology’s purchase of BOAT from financial information services provider Markit last month. BOAT is an independent TDM that provides post-trade reporting to over 40 investment firms and Multilateral Trading Facilities (MTF), according to… Read More >>
Cinnober Saves Sinking BOAT
Cinnober Financial Technology, a provider of solutions and services to trading and clearing venues, including exchanges, clearinghouses, banks and brokers, has acquired Markit’s trade reporting service, aka BOAT. Cinnober has provided the core technology and operated the BOAT platform since its inception in 2007, the company notes. The BOAT platform, says Cinnober, is compliant with… Read More >>
