Chicago
This Week: Cboe, Euroclear; Société Générale, Bloomberg/Sustainalytics
A summary of some of the past week’s financial technology news.
Options snaps up Activ Financial as battle for mid-market data vendors heats up
A once crowded space, the middle market for data technology companies is becoming more valuable as vendors target scale to fend off rivals and take on bigger providers.
The market data vending machine: The pros and cons of self-service procurement
Brokers and exchanges have begun rolling out “self-service” portals that allow clients to choose data and services on an a la carte basis. Opinions vary on whether they are the Holy Grail or a poisoned chalice.
Holding Pattern: As Trading Technologies awaits new owner, the vendor adjusts development strategy
The Chicago-based futures trading platform recently rolled out a new OMS offering, while other projects, like its Echo Chamber market data platform, have been put on pause until a sale goes through.
People Moves: LiquidityBook, BondIT, Sterling Trading Tech, Old Mission
A look at some of the key people moves from this week, including Sayant Chatterjee (pictured), who has been appointed chief operating officer at LiquidityBook.
People Moves: BestEx Research, Macrobond, Gresham, Baton, and more
A look at some of the key “people moves” from this week, including Dave Conner (pictured), who joins BestEx Research as managing director of client services.
Sterling TT Improves Trading Display for Work-From-Home Traders
Sterling has improved the way data is displayed in its platform, to account for traders needing to display the same content and graphics on fewer and smaller screens.
Trading Technologies Preps September OMS Launch
The anticipated replacement for its X_Trader platform will share a tightly integrated ecosystem with its EMS, and will debut a raft of new order handling features.
CME Reg Reporting Competitors Vie to Fill the Void Ahead of Withdrawal
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.
CME’s Reg Reporting Rollback: A Sign of What’s to Come
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.
Cboe Integrates Trade Alert Into Information Solutions Business
The Chicago-based exchange has also released its first integrated solution with risk analytics provider Hanweck, which it acquired in February.
CME Group to Scale Back Regulatory Reporting Business
The exchange group is closing several of its regulatory reporting businesses following a review finding they no longer align with its strategic direction.
Enlighten Tech Helps Northern Trust Find Resources to Share the Covid Workload
To keep its asset servicing functions running smoothly, Northern Trust is using technology from performance management analysis software vendor Enlighten to identify available resources.
Nasdaq, Cboe Fix Feeds Hit by Options Overload
Recent market volatility overwhelmed the Nasdaq BX and Cboe market depth feeds with so much activity that the exchanges did not have enough physical numbers to accurately represent it.
The Retraining Conundrum: How Best to Transform a Workforce?
Professor Jay Finkelman says that the most successful firms take a three-pronged approach to workplace transformation.
Cboe Buys Hanweck and FT Options in Dual Acquisition
The exchange group has made a strategic double buy hoping to boost capacity in solving portfolio and balance sheet risk for clients.
Colt Cuts Japan–Hong Kong Latency to Sub-41ms
Beyond new latency reductions between Tokyo and Hong Kong, Colt will continue to optimize its routes and expand its network coverage.
People Moves: Finastra, Luminex, Itarle, West Highland & More
A look at some of the key "people moves" over the last week, including Lisa Fiondella (pictured), who joins Finastra.
Activ Builds Bridge to ‘Future-Proofed’ Data Platforms
The new suite of integration tools will allow firms to connect different data sources to mitigate the impact of core architectural components being phased out.
CME, Google Ally for Cloud Market Data Access
The partnership will allow existing and potential subscribers around the world to access all CME Group data via a connection to Google Cloud.
Sterling Debuts Data Entitlements Compliance Tool
Sterling Entitlement Manager will allow the vendor's clients to onboard traders more quickly while ensuring compliance with exchange data licenses.
People Moves: Crux, Templum, Itiviti, CFTC
A look at some of the key "people moves" over the past week, including Asif Alam (pictured), who joins Crux Informatics.
Exegy Sues Activ Financial: The Problem with Patents
Max Bowie recalls some hit-and-miss patent cases from the past two decades, and what this one might mean for the future.
Morningstar Moves Tick Data Platform to the Cloud
The vendor is partnering with Sydney-based RoZetta, which has extensive experience in handling tick data in the cloud.