Nasdaq Inc. is acquiring Verafin, based in Canada, and its set of related “anti-financial crime management products.” These related products use “data analytics, machine learning, and visualization and investigation tools.” The Nasdaq platform itself is widely known as the first electronic exchange, and the goal of this acquisition, according to a statement, is to deploy… Read More >>
Ops Gets on the Blockchain Revolution Bus
Bitcoin, a so-called crypto-currency, may fade before anyone really understands what it was or how it could actually have prevailed in financial services. However, out of Bitcoin’s ashes has risen the humbly named Blockchain technology. The distributed ledger technology that has been propping up Bitcoin has come to the attention of major industry players. This… Read More >>
Nasdaq Futures to Use OptionsCity Settlement Solution
For its derivatives contracts, upstart energy futures market Nasdaq Futures (NFX) will be using a settlement price solution from OptionsCity Software, a futures and options trading and analytics solutions vendor, officials say. The relatively new Nasdaq OMX Group market competes against CME Group and the Intercontinental Exchange. “As NFX continues to grow, it’s important that… Read More >>
JPX Taps Nasdaq to Build Osaka Exchange
Japan Exchange Group (JPX) and Nasdaq have partnered to build a next-generation derivatives trading system for the JPX subsidiary Osaka Exchange, officials say. In addition to the trading system, which will operate on Genium INET technology, Osaka will tap SMARTS Market Surveillance for its real-time surveillance needs, supplied by Nasdaq technologies. “We are proud and… Read More >>
BNY Mellon to Use Markit as SWIFT Readies a KYC Registry
BNY Mellon to Use Markit for EDM Support BNY Mellon Asset Management has selected Markit’s enterprise data management (EDM) platform to unify significant components of its data management operations and eliminate manual processes, say BNY and Markit officials. Markit officials say the vendor was selected after “an extensive due diligence process” and proof of concept… Read More >>
