ICE Buys Merrill Lynch Option Volatility Estimate Index Family Exchange operator Intercontinental Exchange, Inc. (ICE) will be acquiring a family of fixed income volatility indices, including the Merrill Lynch Option Volatility Estimate (MOVE) from Bank of America Merrill Lynch to further help clients manage risk, officials say. “The MOVE Index has a long history of providing… Read More >>
LSE to Transform Itself via Refinitiv Deal
The London Stock Exchange Group (LSEG) is acquiring Refinitiv from a Blackstone consortium for $27 billion in a reverse takeover that will “significantly expand” the LSEG’s data and analytics offerings and yield a global capital markets business to rival players such as Bloomberg. The official confirmation of the acquisition follows reports in the press that… Read More >>
NRI: Time to Consolidate Those Silos
(Editor’s note: Nomura Research Institute (NRI) won two major honors — Best Collateral Management Solution for NRI GX Margins, and Best OTC Derivatives Solutions for NRI GX Derivatives — as a result of the 2019 FTF News Technology Innovation awards competition. FTF News was able to get time with Hiro Hamada, the global head of… Read More >>
Murex Focuses New Offering on LIBOR Transition
Murex & LCH Also Working on Clearing Issues Murex, a specialist vendor for trading, risk management and processing solutions has launched a transition offering and a task force to address “the challenges of the 2021 discontinuation and benchmark reforms” that will end the usage of the London Interbank Offered Rate, or LIBOR. Over the years,… Read More >>
SEC Raises Key SRO Fee by 59 Percent
Without much fanfare, the Financial Industry Regulatory Authority (FINRA) announced earlier this month via an Information Notice that it had to raise certain fees controlled by the SEC by 59 percent. “The fees that FINRA controls are staying flat,” a FINRA spokesperson tells FTF News. “Effective April 16, 2019, the Section 31 fee rate applicable… Read More >>
Block Bond Trades Could Get Data Sharing Overhaul
Self-regulatory organization FINRA is considering changes to the way data (trade price and size) about block-sized trades of corporate bonds will be disseminated to the marketplace, and wants industry input for a proposed pilot program. The proposal is in response to market participants and the SEC, which have raised concerns over the current system of… Read More >>
GLEIF & ANNA Launch ISIN-to-LEI Mapping Effort
ANNA & GLEIF Join Forces for Regulatory Reporting An initiative is underway that will link International Securities Identification Numbers (ISINs) to Legal Entity Identifiers (LEIs) for global financial services transactions. The Association of National Numbering Agencies (ANNA) and the Global Legal Entity Identifier Foundation (GLEIF) have announced that April 4, 2019 marks the start of… Read More >>
Clearing Reforms Need to Be Consistent Globally: WFE
Securities clearing has seen many reforms since the Great Recession, but these overhauls such as the improved management of credit, market and liquidity risk still need to be consistently implemented across the globe, according to a new report from the World Federation of Exchanges (WFE) and Oliver Wyman. The report, “The Future Of Clearing,” finds… Read More >>
IPC Extranet Links to Crypto-Trading Gateway
IPC Systems, a voice-trading, electronic communication and networking solutions vendor, is launching a partnership that facilitates extranet access to a platform from newcomer Omniex that supports the trading of digital assets via cryptocurrency exchanges and over-the-counter (OTC) venues. With this move, IPC is targeting buy- and sell-side firms that want to start trading digital assets,… Read More >>
Securian Trust Employs SEI’s Cloud-Based Platform
SEI Client to Focus on Automation & Integration SEI reports that Securian Trust Company, an SEI client since 2009, will adopt its wealth platform, intended to “provide a seamless experience for … clients and the advisors that serve them.” The platform, SEI says, is a “fully-integrated, single-infrastructure technology solution developed to support client relationship management,… Read More >>
