Proposed J.V. Seen as Complementary CME Group, an operator of derivatives trading venues, and IHS Markit, an information and analytics vendor, have gotten the blessings of the European Commission for their joint venture of post-trade services. “The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control over a newly created… Read More >>
CME Group Ends Most Open Outcry Trading
Eurodollar Options Pits to Stay Open Derivatives exchanges operator CME Group has announced that the physical trading pits shut down since March 2020 because of the COVID-19 pandemic will remain permanently closed as global financial markets move toward a post-pandemic phase. Not all open outcry venues will close, though. “The Eurodollar options pit, which was… Read More >>
CME Group & IHS Markit to Form Post-Trade JV
Joint Venture to Launch in Summer 2021 CME Group, an operator of derivatives trading venues, and IHS Markit, an information and analytics vendor, are forming a joint venture of post-trade processing and risk mitigation services that will bring together CME Group’s Traiana, TriOptima, and Reset companies with IHS Markit’s MarkitSERV. Traiana, TriOptima and Reset offer… 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 >>
Nymex, Ex-Staffers Settle Insider Info Sharing Case
The New York Mercantile Exchange, a unit of the CME Group since 2008, will pay a $3.5 million penalty, as part of the settlement of a case brought by the U.S. Commodity Futures Trading Commission that charged Nymex with violations of both the Commodity Exchange Act and CFTC regulations. In addition, two former Nymex employees,… Read More >>
Cowen Uses n-Tier for CAT Reporting System
CAT System Aggregates Internal & External Reports Investment bank Cowen has gone live with a Consolidated Audit Trail (CAT) data aggregation and validation process that uses regulatory reporting vendor n-Tier’s Compliance Workbench to pull together external and internal reports, officials say. The system from n-Tier gathers CAT reports from “external vendors and internal trading systems,”… 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 >>
CME’s Eurodollar Options Floor to Reopen in August
CME to Add Safety Measures to Options Floor CME Group reports that it will reopen its Eurodollar options trading pit on August 10, 2020. In advance of that reopening date, the company intends to “reconfigure the pit to meet social distancing standards and put additional safety measures in place,” CME officials say in a statement. “All… Read More >>
FlexTrade & ACA Focus on Trade Surveillance
FlexTrade Partners with ACA Technology FlexTrade reports that it has partnered with ACA Technology Solutions to “help mutual clients manage their trade surveillance and compliance needs,” the companies say. The partnership will make ACA’s Decryptex surveillance technology and FlexTrade’s FlexNOW available to clients, according to the release from the vendors. “The main benefits of… Read More >>
CME Group Launches Data Insights for Hedge Funds
Benchmarking Tool Debuts for Hedge Funds & Others CME Group, a provider of derivatives marketplaces, reports the launch of ENSO Data Insights, which it characterizes as “a benchmarking tool which leverages ENSO’s alternative data set to help customers make more informed investment decisions.” ENSO Data Insights “provides hedge funds, asset managers and banks … access to… Read More >>