With over five months to go until CME unwinds its regulatory reporting businesses, competing firms are pushing to fill the service gaps and grab a slice of the market share.
The suite of microservices will allow firms with high data requirements to configure specific content and tools in the cloud.
The managed services and consulting firm will look to roll out these new components to its CLM platform in August.
Sources say the exchange group’s scaleback is a result of pricing wars, unsustainable business models, and the realities of commercially supporting a regulatory reporting business.
Pete Cherecwich, president of asset servicing at Northern Trust, is back on the podcast to discuss outsourced trading.Subscribe to Weekly Wrap emails
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