This Week: CME/IHS Markit, Bloomberg, OpenExchange, Equinix, and more
A summary of some of the past week’s financial technology news.
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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Northern Trust offers internal fund accounting, data tools to clients
Regulations and a mandate to enhance quality and transparency in a bid to improve the investor experience are pushing buy-side firms to have more oversight of their third-party providers.
$135.6m fines prompt Citi to modernize infrastructure, controls
The bank was hit with a combined $135.6 million fine on Wednesday for failing to resolve “longstanding internal controls and risk issues,” amid continued internal work across the enterprise.
SocGen pushes data, analytics use cases for SG Markets
The bank is letting a handful of clients experiment with its proprietary data and models to inform their research.
Finra clears hurdle with CAT launch, but several others remain
Two major components of the consolidated audit trail are now in place. But wrangling over the CAT’s future continues.
Ace high or busted flush? Digital Asset’s mixed fortunes mirror DLT adversity
The vendor hoped to remodel post-trade using blockchain technology—and it still might—but its bumpy progress raises questions over the future of DLT in finance.
