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.
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.
Sources say a pricing war and cost pressures are causing service providers to reconsider their regulatory reporting businesses.
The platform will initially target the HFT crowd, as well those looking to better understand market microstructure in equities.
The exchange group is closing several of its regulatory reporting businesses following a review finding they no longer align with its strategic direction.
The initiative will make all of Nasdaq's market data available to potential clients via APIs in Amazon Web Services' cloud, as an alternative to its traditional feed and file delivery options.
A summary of some of the past week's financial technology news.
A look at some of the key recent 'people moves', including Adam Honore (pictured) who joins Amazon Web Services from CME Group.
Beyond new latency reductions between Tokyo and Hong Kong, Colt will continue to optimize its routes and expand its network coverage.
WatersTechnology looks at more than 20 cloud-based projects and initiatives to see how banks, asset managers and vendors are embracing public providers, and the inherent problems involved.
Petition for Chicago programmer Jitesh Thakkar nears its goal as industry worries about precedent CFTC enforcement case could set.
Max Bowie digs deep into how firms are making sure they classify data consumers correctly to avoid paying unnecessary fees.
The partnership will allow existing and potential subscribers around the world to access all CME Group data via a connection to Google Cloud.
A look at some of the key "people moves" over the past week, including Howard Surloff (pictured, right), who joins Blockchain.
A look at some of the key "people moves" from 6/29-7/2, including Andres Choussy (pictured), who recently joined Baton.
License to list allows Aquis to challenge established players like LSE as it makes plans to introduce a “hybrid model” for trading.
Julie Armstrong takes her record in sales and business development to the Virginia-based vendor.
While digital currency prices endure what enthusiasts call a ‘crypto winter,’ the problem appears to be far more acute when it comes to institutional appetites. James Rundle and Rebecca Natale report.
London-based Anderson will be responsible for overseeing construction of a pipeline of new data and analytics products.
CME Group’s Julie Holzrichter wins the exchange professional of the year category in this year’s Women in Technology & Data Awards.
Questions of price discovery and centralized infrastructure point to an asset class that may have to lose its rebellious luster to become more widely accepted.
The 26 category winners from this year's Women in Technology and Data Awards were announced on the afternoon of March 8 at a sit-down lunch in London.
Tech providers are emerging from all corners as the final phases of initial margin rules closes in, which are expected to capture over 1,000 buy-side and sell-side firms over the next 18 months.
Isda joins forces with AcadiaSoft as the industry prepares for the final phases of the initial margin deadlines.