Tradeweb
Symphony suspends Sparc pending registration talks with CFTC
The comms provider may have to register its RFQ workflow and messaging tool as a Sef, or perhaps permanently shut down the business line.
This Week: TP Icap, Confluence, Bloomberg, Iress-Cosaic, Tradeweb, SmartStream, and more
A summary of some of the past week’s financial technology news
Waters Wrap: Big Tech takes control of cutting-edge encryption (And consortium flat circles)
In addition to growing their cloud presence in the capital markets, Big Tech companies are, unsurprisingly, taking the lead on encryption and security in the cloud. Anthony sees positives and negatives. He also looks at bank-led consortiums.
Citi, other banks set to ink ‘Octopus’ deal for new multi-bank CLO platform
Sources say initiative is designed to fend off higher fees and disintermediation in case established multi-dealer platforms start trading CLOs.
Standard Chartered, Bloomberg develop electronic workflow for Korean Treasury bonds
The workflow shortens the time it takes for investors to trade KTBs, and can be tweaked to suit other emerging bond markets.
CDS trading remains stubbornly human
Buy-sider traders remain skeptical of the benefits of algo execution for credit derivatives.
People Moves: Alpima, Santander UK, Tradeweb, SS&C, SmartStream, Numerix, and more
A look at some of the key "people moves" from this week, including Karen Tierney (pictured), who joins Alpima as chief product officer.
Waters Wrap: A useful use-case for blockchain? (And Broadridge’s bond play)
While not a fan of blockchain, Anthony looks at some potential use-cases for the tool in the world of capital markets. He also gives his thoughts on Broadridge’s soon-to-launch LTX platform.)
Broadridge’s LTX bond trading platform faces uphill battle
Entering a saturated market of electronic trading technology this summer, the new AI-powered platform must clear several hurdles before it can declare success.
Bloomberg RHub fee hike reflects cost pressures of regulatory reporting industry
Market participants say the price hikes reflect the struggle among regulatory reporting service providers to run sustainable and profitable businesses.
People Moves: Tradeweb, HKEX, ipushpull
A look at some of the key "people moves" from this week, including Von M. Hughes (pictured), who has been appointed to Tradeweb’s board of directors as an independent director.
Waters Wrap: Dash Financial gets nabbed by Ion (And monetizing data)
Ion Group has acquired Dash Financial. Whether or not this ends up being a good marriage will come down to the people making the tech platforms, Anthony says.
Waters Wrap: S&P-IHS Markit and the Land of Giants (Also, More on AML Tech)
Anthony provides some of his initial questions and thoughts following the S&P-IHS Markit deal. He also takes a second look at AML technology after getting some sage feedback.
Covid-19 Disrupts Innovation in US Treasuries Market
The pandemic has caused setbacks in electronification and streaming in the US government bonds market.
Waters Wrap: The M&A Market Heats Up (And Some Quantum Computing News)
What do Liquidnet and Trading Technologies (and others) have in common? Anthony explains. He also discusses advancement—and disillusionment—in the quantum space.
People Moves: Broadridge, Schroders, Cboe, TP ICAP, Temenos, Ideal Prediction, and ASX
A look at some of the key "people moves" from this week, including Vijay Mayadas (pictured) who has been appointed president of capital markets at Broadridge.
Dutch Regulator Seeks to ‘Level Playing Field’ for Vendors & Venues
AFM suggests some liquidity aggregators should be classified as organized trading facilities.
Tradeweb Bolsters China Bond Market Access with Electronic CIBM Direct Trading Overlay
Officials say the move makes Tradeweb the only platform to offer electronic trading in Chinese bonds via two different channels.
Buy-side Firms Reject EMS Brokerage Charges
Some users favor a licence fee over per-trade charging—and have forced vendors to make the switch.
