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OMX Halves Reporting Fees

In what appears to be a move to fend off competition from trade reporting utilities such as Project Boat, the OMX Nordic Exchange will cut its fees for trade reporting by half from April. The fee cut covers cash equity trades across the Stockholm, Copenhagen and Helsinki stock exchanges, and is expected to cost OMX SEK (Swedish Krona) 50 million ($7.26 million) per year. Officials say the fee reduction is the first step in a plan to introduce MiFID-targeted products for

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Crypto exchange EDX takes its tech into its own hands

The crypto exchange and clearinghouse, founded in 2022 by industry heavyweights, has built out its technology to meet the needs of the institutional market. In the process, it has learned important lessons about partnering with vendors, building in-house, and, ultimately, control.

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