Acquisition
MayStreet founder sues LSEG for fraud, breach of contract
The complaint accuses the exchange group of “defrauding” MayStreet executives following the 2022 acquisition. LSEG “strongly refutes these claims.”
Terry Duffy on CME’s cloud future, takeover targets, and ... candy
CME CEO Terry Duffy explains the relatively narrow strategy that the derivatives exchange has taken under his leadership, especially compared to its peers.
Waters Wavelength Ep. 307: The shrinking OMS landscape
This week, Tony and Nyela discuss FactSet’s recent acquisition of LiquidityBook and what it could signal for trading technology.
FactSet lays out trading roadmap post LiquidityBook deal
The software and data provider announced it was buying LiquidityBook this month, filling a gap in its front-office suite of solutions.
S&P sees strong demand for GenAI tools as leadership changes hands
The data provider released several AI-enabled tools and augmentations to existing platforms in 2024 and plans to continue to capitalize on the technology in 2025.
European exchange data prices surge, new study shows
The report analyzed market data prices and fee structures from 2017 to 2024 and found that fee schedules have increased exponentially. Several exchanges say the findings are misleading.
What does it really mean to be a mid-tier OMS?
With Clearwater Analytics’ proposed $1.5 billion buy of Enfusion earlier this month, the market for order management systems appears to be evolving.
New data granularity rules create opportunities for regtech providers
As evidence, Regnology increased its presence in North America with the addition of Vermeg's Agile business—its 8th acquisition in three years—following a period of constriction and consolidation in the market.
Tech VC funding: It’s not just about the money
The IMD Wrap: It’s been a busy year for tech and data companies seeking cash to kick-start new efforts. Max details how some are putting the fun into fundraising.
After acquisitions, Exegy looks to consolidated offering for further gains
With Vela Trading Systems and Enyx now settled under one roof, the vendor’s strategy is to be a provider across the full trade lifecycle and flex its muscles in the world of FPGAs.
Waters Wavelength Ep. 290: Nasdaq’s Valerie Bannert-Thurner
Nasdaq’s EVP and chief revenue officer for the financial technology division joins Nyela on the podcast.
Facing platform shutdown, former IEX Cloud head buys its assets in 11th-hour bid
Tim Baker, Pedro Aguayo, and a silent partner have come together to purchase IEX Cloud’s assets days before the exchange was to retire all its products on August 31.
Waters Wavelength Podcast: S&P’s CTO on AI, data, and the future of datacenters
Frank Tarsillo, CTO at S&P Global Market Intelligence, joins the podcast to discuss the firm’s approach to AI, the importance of data, and what might be in store for datacenters in the coming years.
Nasdaq reshuffles tech divisions post-Adenza
Adenza is now fully integrated into the exchange operator’s ecosystem, bringing opportunities for new business and a fresh perspective on how fintech fits into its strategy.
Chris Edmonds takes the reins at ICE Fixed Income and Data Services
Edmonds is now leading ICE’s fixed income and data business as the rush to provide better data and analytics in fixed income builds.
LSEG to sunset Redi EMS in favor of Tora
Sources say competitors will look to seize on the decision to win over Redi’s sizeable US client base.
S&P completes ‘operational integration’ of IHS Markit, ups focus on genAI, new regtech tool
With the IHS Markit merger now behind it, S&P Global is set to release RegGPT and other AI-enabled products.
This Week: SimCorp/Deutsche Boerse, Moody's, SS&C, and more
A summary of the latest financial technology news.
Deutsche Börse to merge SimCorp and Axioma, shuttering Qontigo
The German exchange also plans to have 70% of its ‘IT state’ in the cloud by 2026.
IBM outlines ‘hybrid’ AI approach as revenues rise
It’s been two years since IBM’s pivot to a hybrid cloud and AI strategy, and the tech giant saw strong earnings as it continues to invest in the watsonx platform.
This Week: Delta Capita/SSimple, BNY Mellon, DTCC, Broadridge, and more
A summary of the latest financial technology news.