Sell-Side Technology/News
IHS Markit KY3P Attracts Investment from Barclays, Goldman Sachs, HSBC, Morgan Stanley
Four institutions will adopt and take equity stakes in the vendor's Know Your Third Party (KY3P) risk management solution.
GoldenSource Automates ISIN Code Generation Process for Mifid II Reporting
The solution will gather all the required data for allocating ISIN codes to OTC products in a simplified and automated way.
Bank of China HK joins NEX’s EBS Direct
Addition of major offshore renminbi trading bank to platform follows recent moves in China.
Misys Takes Aim at Automated Mifid II Reporting
Misys is working with Broadridge on the platform, which will automate reporting ahead of new regulatory requirements
TGE Launches New Trading System Ahead of Harmonization Push
The Polish Power Exchange has upgraded its trading platform with new risk management and trading capabilities.
NEX to Test New Distributed-Ledger Platform
The platform, called NEX Infinity, will test reconciliation and data services for FX and cash equities.
Euronext Shuffles Technology, Operations Leadership Team as Dijsselhof Departs
COO Jos Dijsselhof to leave exchange operator at end of June; Alain Courbebaisse set to join as chief information and technology officer.
ESMA Grants Approval to Bloomberg European Trade Repository
Bloomberg set to open trade repository for Europe for OTC and exchange-traded derivatives reporting.
David Quinlan to Head Business Development for Eze Software in EMEA
Quinlan joined Eze in 1999 back when the company was Eze Castle Software.
London Stock Exchange Bolsters Fixed-Income Presence with Citi Yield Book, Indices Acquisitions
$685 million deal for analytics platform and indices business first acquisition by LSEG since collapse of Deutsche Börse merger.
GMEX, Metropolitan Stock Exchange of India to Collaborate on Capital Markets Development
Collaboration to focus on developing existing and new products within Indian capital markets with heavy technology slant.
IHS Markit Launches Outreach360 for Mifid II Outreach and Repapering
The new platform will be available via the firm’s Counterparty Manager platform to address the need for documentation management.
Credit Agricole Singapore Employs AxiomSL’s Regulatory Data Solution
Investment bank will use the solution to comply with mandates under MAS 610 and MAS 649 required by the Singaporean central bank.
R3 Gets $107 Million Funding
The consortium calls the first two of three funding tranches the largest raised for distributed-ledger technology.
Euronext Continues Diversification Drive into Foreign Exchange with FastMatch Acquisition
Euronext to acquire 90 percent stake in spot FX trading network FastMatch as exchanges continue their move into investment bank domain
CFTC Sets Up Lab to Connect with Fintech Firms
LabCFTC will help guide firms through CFTC rules and open the agency to updating its regulations to meet changing market conditions.
ChartIQ Rolls Out ‘Glue’ to Build Trading Terminal
ChartIQ describes Finsemble as "all that glue that makes everything inside a Bloomberg terminal work perfectly well with everything else.”
Tradeweb APA Signs BNP Paribas, Credit Suisse, Morgan Stanley, Societe Generale for Mifid II Reporting
Four institutions join Deutsche Bank, Goldman Sachs, JPMorgan on APA Mifid II reporting service.
Pragma Adds NDFs to Algo Trading Platform
Pragma expands its Pragma360 platform to meet growing NDF demand.
Misys Releases AI Functionality for Trade Validations
The component helps financial institutions spot booking errors, anomalies and unusual activity with machine learning.
Finra to Sunset Oats Over a Two-Year Period
Shutting down Oats may take two years and depend on CAT data accuracy.
European Commission Puts €500,000 Into ‘Blockchain Observatory'
The project is designed to provide a further understanding of distributed-ledger technology and its impact on financial services.
Cinnober Acquires Surveillance Vendor Ancoa Software Out of Administration
UK-based surveillance technology provider bought out of administration after failing to secure necessary funding.
Thesys Moves Forward with CAT, Signs Contract with SROs
According to regulatory filings, the CAT will cost the industry $50.7 million for the fiscal year beginning November 2016.