British hedge fund Marshall Wace is using a real-time pricing data service from Bloomberg that incorporates machine learning models to bolster its systematic credit strategy with new pricing data delivered every 15 seconds across the liquidity spectrum for USD, EUR and GBP credit markets, officials say. Known as a global liquid alternatives manager, Marshall Wace… Read More >>
Will the London Metal Exchange End Outcry Trading?
London Metal Exchange (LME) officials are seriously considering closing their 144-year-old open outcry futures trading floor, dubbed the Ring, but it’s unclear if this action is a sign that other outcry trading venues will follow suit. The Ring has been shut down for the past 10-plus months by the pandemic lockdown, and in that time,… Read More >>
ICE Unit Settles Charges of Failed Pricing Compliance
A securities pricing subsidiary of the Intercontinental Exchange (ICE) has settled with the SEC over charges that it should have done a better job of vetting certain prices that were based on data from single broker market participants. The wholly-owned subsidiary, ICE Data Pricing and Reference Data (PRD), which is also a registered investment adviser,… Read More >>
