A summary of some of the past week's financial technology news.
Cloud computing expert Michael Baker will lead the way for MarketAxess' innovation strategies.
The St. Petersburg, Fla.-based vendor will use the funds to expand its data coverage and increase its footprint in the institutional investor space.
The former CEO of Instinet is named as the head of the newest US stock exchange.
An industry initiative to start a new US exchange promises much, but it may struggle to deliver without a clearer purpose.
Banks are looking to cash in on the alternative data boom, but an in-depth investigation of the alternative data market shows that they may be in for an uphill battle to claim territory.
The new board members will provide expert guidance strategic growth and technology development.
Led by OpenFin, FDC3—which includes the likes of RBC, JPMorgan, AllianceBernstein, Citadel and Barclays—aims to create a common language for desktop app interoperability.
The deal is expected to close in the first half of 2018.
Laszlo Korsos, who left Uber to join Citadel in July, has reportedly left his position as chief data officer at the investment firm.
Banks and industry associations warn of havoc if current timeline is implemented
Three exchanges have filed with the SEC regarding implementing either a delay mechanism or order types similar to what IEX operates, following its approval as a national exchange less than a year ago.
CXH hits back at claims that its liquidity-taking delay is designed to garner more market data revenues for the exchange.
Industry members disagree over the merits of CHX's 350-microsecond speed bump currently awaiting regulatory approval.
The Commission extends its deadline for a decision to December 21.
Sonny Baillargeon has nearly 20 years of experience in finance.
Baillargeon has spent almost 20 years in trading and technology roles on the buy side and sell side.
He is a 30-year veteran of Morgan Stanley.
Regulation Automated Trading was created to protect market integrity and update the CFTC’s rules as algorithmic trading proliferates. There are many areas where there’s consensus agreement as to the benefits of this proposed regulation, but Anthony…
Streltsoff will be based in San Francisco and report to MayStreet CEO Patrick Flannery.
Dan and Anthony touch on eight different stories that broke this week in the fintech world.
Move marks the second new firm to join the DMM space this year.
Citadel's Risk Center allows the firm to manage risk across all of its portfolios from a centralized location.
Cassell will leverage his new CIO role to oversee infrastructure strategy and consulting at Pico.