This Week: CME/IHS Markit, Bloomberg, OpenExchange, Equinix, and more

A summary of some of the past week’s financial technology news.

news updates

CME, IHS Markit launch OSTTRA joint venture

Derivatives exchange CME Group and data and analytics vendor IHS Markit have launched a joint venture, OSTTRA, a new post-trade services company.

OSTTRA, owned equally by CME Group and IHS Markit, is a provider of post-trade solutions for the global over-the-counter markets across interest rate, FX, equity, and credit asset classes. It incorporates CME Group’s optimization businesses⁠—Traiana, TriOptima, and Reset⁠—and IHS Markit’s MarkitSERV

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Waters Wrap: GenAI and rising tides

As banks, asset managers, and vendors ratchet up generative AI experiments and rollouts, Anthony explains why collaboration between business and tech teams is crucial.

Northern Trust building internal cloud data ‘marketplace’

Using a mix of in-house expertise and third-party technologies, the firm has constructed a cloud-based data mesh that gives internal staff access to proprietary datasets and analytical tools to deliver greater insights into client activity.

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