After slow start, the ‘Big 3’ fixed-income consortium taps Finbourne as partner for CT bid

The Bloomberg, Tradeweb and MarketAxess consortium switched out its advisory firms at the end of last year to jumpstart its bid for the tape.

A consortium led by the top three fixed-income venues by trade volume—Bloomberg, MarketAxess, and Tradeweb—has selected Finbourne as its technology partner in its bid for the EU consolidated tape (CT) for bonds, a process that sources say was met with setbacks and delays.

The provider of investment management data services won out against competing vendors Ediphy and Opensee in a request-for-proposal (RFP), but three sources familiar with the build out tell WatersTechnology that the selection

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Firms step up non-compete use to protect tech, data IP

US states are increasingly banning or limiting the use of non-compete contracts, but financial firms are using them more frequently to safeguard proprietary tech and data assets—including the knowledge of the individuals who work on them.

Waters Wrap: Examining ASX’s CHESS do-over

The Australian exchange was the first exchange to be all-in on DLT—and the project failed. Anthony speaks with ASX’s Tim Whiteley to discuss the lessons learned and why he thinks the second attempt will succeed.

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