A summary of some of the past week's financial technology news.
Anthony explains why he thinks ESG will play a major role in the anticipated market data consolidation that’s to come. He also looks at moves made by some exchanges to cut out the data vendor middleman.
Increasingly, exchanges are trying to get closer to their customers, in a bid to better understand how they use market data. This move may come at the expense of data vendors that are being gradually squeezed out of the exchange-client relationship.
Interdealer brokers are looking enviously at the way exchanges have been able to grow data revenues, providing a stable stream of profits as other business lines have declined. But following the exchange model has its own challenges.
A look at some of the past week’s financial technology news.
A look at some of the key 'people moves' from this past week, including Brian Lee (pictured) who has been appointed group head of tech risk at HKEx.
The vendor is growing its millimeter wave services after its 2018 acquisition of Apsara Networks.
Despite the coronavirus, the exchange is on track with plans to offer near 24-hour derivatives trading, new interest rate contracts, and increased transparency into ESG risks.
Toronto's TMX Group is looking to revolutionize the way that it conducts data audits with users. While the early feedback is positive, will others follow suit?
Max Bowie digs deep into how firms are making sure they classify data consumers correctly to avoid paying unnecessary fees.
With compliance and collusion both under the microscope, Max says law courts could play a bigger role in ensuring a healthy and competitive data marketplace.
Six years after the collapsed merger between TMX and LSE thwarted his plans to relocate from Canada to London, Eric Sinclair is bringing his start-up spirit and focus on client experience to TP Icap, where he told Jamie Hyman and Joanne Faulkner about…
Frank Desmond is leaving TP Icap after 12 years, and will be replaced by TMX’s Eric Sinclair.
The news agency is expanding its coverage of Canadian venture stocks, listed cannabis companies, and Canadian exchange-traded funds.
Eric spent 14 years running TMX's (and before that, the Toronto Stock Exchange's) Datalinx data business.
Canadian exchange operator details latest updates regarding new clearing and settlement platform, progress of new mutual fund platform.
The acquisition adds low-latency connection between Toronto and New York.
ICE will use the acquisition to expand the reach of its SFTI network, while TMX can pursue its new focus of investor analytics rather than infrastructure.
The partnership expands the range of FX Analysis tools launched by TMX in July
Aequitas CEO Jos Schmitt says the exchange will lobby regulators and market participants about practices that it says damage competition and investors' trading.
The Bureau claims Aequitas would have been unlikely to be able to create a competing product, despite TMX's restrictions.
TMX Group's listed company support division looks to expand on service offering for listed companies via alliance.
The project reduces latency and footprint for a platform originally built by NYSE Technologies eight years ago.
The alternative data platform hopes to leverage Richards' more than 30 years of data industry experience.