Financial markets infrastructure and data provider, the London Stock Exchange Group (LSEG), has deployed a new tool fueled by proprietary technology and data to help market participants sniff out market abuse and financial crime, officials say. The tool was designed to digest billions of trade and order messages across its venues daily, via LSEG’s proprietary… Read More >>
Eleven Banks Take Stake in LSEG’s Post-Trade Division
Eleven global banks have agreed to take a 20 percent stake in the Post Trade Solutions business of the London Stock Exchange Group — a division valued at £850 million ($1.134 billion) — and in return will influence the strategies and future of the LSEG’s post-trade offerings, for over-the-counter (OTC) derivatives, officials say. The designated… Read More >>
LSEG Embraces Private Funds via ‘Digital Markets Infrastructure’
The London Stock Exchange Group (LSEG) has launched a blockchain-based Digital Markets Infrastructure (DMI) platform for private funds, supported by Microsoft Azure cloud computing services, according to officials. The system has already facilitated its first transaction. The blockchain-based system will encompass “the full asset lifecycle — from issuance, tokenization and distribution to post-trade asset settlement… Read More >>
LSEG Widens Collaboration With AWS
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 >>
