The London Stock Exchange Group (LSEG) is extending its multi-year collaboration with Amazon Web Services (AWS) and will be relying on AWS as “the preferred cloud provider for its Markets, Risk Intelligence and FTSE Russell divisions,” officials say. “By migrating internal systems to the cloud, LSEG will further strengthen its resilience and security while delivering… Read More >>
SimCorp to Use LSEG’s Structured Debt Analytics
Investment services and systems provider SimCorp has partnered once again with the London Stock Exchange Group (LSEG) to enhance its Axioma risk management platform, this time with advanced securitized debt analytics. Officials say this will help institutional investors make faster, better-informed decisions. LSEG’s Yield Book, part of its Data and Analytics division, will be integrated… Read More >>
LSEG to Distribute CanDeal DNA Pricing Data
CanDeal Data & Analytics (DNA), a provider of Canadian over-the-counter (OTC) fixed income and derivatives pricing, will be making CanDeal DNA Consensus Overnight Index Swap (OIS) and Swap Rates information available via LSEG Data & Analytics, which will serve as the distributor. The new partnership “is an extension of CanDeal’s collaborative efforts with the Bank… Read More >>
Axoni Sells Veris Business Unit to LSEG
Axoni, a provider of trade workflow applications and real-time data replication, has sold its Veris business and intellectual property to the London Stock Exchange Group (LSEG), which intends to maximize the business potential of the post-trade platform for equity swaps, officials say. Axoni and LSEG officials are not disclosing the financial terms for the transaction,… Read More >>
Broadridge Launches Shareholder Reports Template & Other News
Broadridge Solution Eases SEC Compliance Broadridge Financial Solutions reports that it has developed a “technology-enabled template and end-to-end process solution for fund companies and fund administrators” that “simplifies the steps involved in creating and providing the SEC’s new Tailored Shareholder Reports.” The digital template “is good for fund investors and compliant with the rules,” says… Read More >>
BNY Mellon Buys Optimal’s Indexing for ‘Pershing X’
Other BNY Mellon Units to Get Direct Indexing Too The Pershing clearing and custody services business of BNY Mellon is acquiring Optimal Asset Management, a direct indexing solutions provider, and will offer Optimal’s capabilities to advisory clients within Pershing, and to institutional and retail clients within BNY Mellon’s Investment Management business. If the acquisition… Read More >>
Commerzbank Fills CEO Post via Deutsche Bank Hire
Manfred Knof to Replace Martin Zielke at Commerzbank Frankfurt-based Commerzbank has named its next CEO as Manfred Knof who comes from Deutsche Bank where he’s been head of a competing private banking business for Germany. Knof, 55, will oversee the bank’s managing directors, starting January 1 of next year. He will succeed Martin Zielke, the… Read More >>
Linedata Partners with UnaVista for ARM Services
In a MiFID II compliance move, Linedata, an investment management solutions and outsourcing services vendor, is partnering with the UnaVista division of the London Stock Exchange Group (LSEG) to enable their mutual clients to use UnaVista as an Approved Reporting Mechanism (ARM) to facilitate transactions to National Competent Authorities (NCAs). The partnership with UnaVista will… Read More >>
LSE’s CEO Suddenly Departs Amid Shareholder Battle
LSEG Shareholder Upsets Previously Announced Succession Plan Xavier Rolet stepped down as CEO of the London Stock Exchange Group (LSEG) on Nov. 29 “with immediate effect,” reports the LSEG board, following a controversial move by a key LSEG shareholder. Rolet’s temporary replacement is David Warren, current chief financial officer (CFO) for the LSEG, who will… Read More >>
CFTC’s Giancarlo Sounds the Alarm on E.U. Overreach
There are so many moving parts to the Brexit negotiations between the U.K. and the E.U., but the European Commission’s wish to tighten its grip on non-European clearinghouses has rankled U.S. regulators. In an opinion piece titled “An EU Plan to Invade U.S. Markets,” published in The Wall Street Journal by J. Christopher Giancarlo, chairman… Read More >>
