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After Success in Fixed Income, TESI Eyes FX

The Trading Enablement Standardization Initiative (TESI), an industry working group comprising major sell-side banks, is targeting enablement of buy-side firms onto foreign exchange (FX) electronic dealing platforms through automated protocols.

Vendor Relationships are Changing, Say CTOs

The pace of technology change has increased such that Fidelity Investments is reconsidering the length of its enterprise license agreements (ELAs) with vendors, CTO Mihir Shah revealed during a conversation about vendor relationships at the Buy-Side…

Swift VAN Passes ENAT

Swift has announced that its value-added network (VAN) for the Target2-Securities (T2S) project has passed the final milestone in a major test cycle.

Wells Fargo Connects to Eris Exchange's SwapBook

The bank will serve as both a liquidity provider and futures commission merchant (FCM) for Chicago-based Eris Exchange, the swaps execution facility specializing in interest rate swaps and offering a proprietary swaps future product.

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