Sell-Side Technology/News
Jefferies Joins SGX as Clearing, Trading Member
US investment bank Jefferies has joined the Singapore Exchange (SGX) as a clearing and trading member, making the partnership its first derivative exchange membership in Asia.
ASX Eyes Yieldbroker Stake
The Australian Securities Exchange (ASX) has made a binding offer to trading platform Yieldbroker, in which it would acquire a 49 percent stake in the firm.
Hong Kong RTGS Taps Swift for Market Infrastructure Resiliency Services
Hong Kong Interbank Clearing Limited (HKICL), the clearing and settlement house for the Hong Kong financial market, has agreed to adopt the Market Infrastructure Resiliency Service (MIRS) run by Swift to reduce operational risks and improve the…
BME's CCP Gains EMIR Authorization
The Comisión Nacional del Mercado de Valores (CMNV) has given authorization to BME Clearing, in line with obligations from the European Market Infrastructure Regulation (EMIR).
BGC's SEF Connects with Traiana CreditLink
BGC Partners has announced that its swap execution facility (SEF), BGC Derivatives Markets, can now utilize pre-trade credit checks at Traiana's CreditLink facility, before passing on trades for third-party clearing.
Taylor to Lead CME Group's Technology and Platform Development
As part of a new leadership structure, CME Group announced Kim Taylor will now serve on its executive team as the president of global operations, technology and risk.
LSE Looks to Improve Liquidity in SETSqx
The London Stock Exchange (LSE) has announced changes to SETSqx, a trading service for securities outside the FTSE 350 Index, in order to improve customer experience and boost liquidity.
GFI Board Acknowledges BGC Proposal
The board of interdealer broker GFI Group has voted to open its books to suitor BGC Partners, after the brokerage firm made an unsolicited offer to acquire it last week.
NBAD Hires Yuen as Asia Chief
The National Bank of Abu Dhabi (NBAD) has selected Susan Yuen to be its Asia CEO.
Asic Grants First Depository License to DTCC
The Australian Securities and Investments Commission (Asic) has granted an Australian derivative trade repository license to the Depository Trust and Clearing Corporation's (DTCC) Singaporean facility.
EGX Extends Nasdaq Tech Contract
The Egyptian Exchange (EGX) has prolonged its technology partnership with Nasdaq OMX, with the US exchange operator supporting the Cairo-based bourse's trading platform through to 2020.
BATS Chi-X Europe Inks Partnership with BX Swiss
BATS Chi-X Europe and BX Swiss have announced a partnership, which will see the two exchange operators cross-list exchange-traded funds (ETFs) and cooperate on reporting.
SEC Continues Data Focus with Risk Analytics Office
The US Securities and Exchange Commission (SEC) has announced the formation of a new office within the Division of Economic and Risk Analysis (Dera), which will develop data-driven tools to support regulatory activities.
CME Files for Trade Repository in Québec
The Chicago Mercantile Exchange (CME) has filed an application with the Autorité des Marchés Financiers (AMF), the regulatory and oversight body for Québec's financial sector, to operate a trade repository service in Québec.
Kx Systems Looks to Grow in China
Earlier this week, Kx Systems' kdb+ database was selected by the Laboratory for Financial Innovation at the Shenzhen Stock Exchange (SZSE) to perform trading analytics.
Tullett Prebon, Parthian Partners Sign Joint Venture in Nigeria
Interdealer broker (IDB) Tullett Prebon has announced it has signed a joint venture with Nigerian-based interdealer broker Parthian Partners to expand its footprint across Africa.
CME Europe Adds Vermaas as CEO
The Chicago Mercantile Exchange Group (CME) has appointed Cees Vermaas as managing director and CEO of its London-based derivatives exchange, CME Europe.
TABB Group Launches Equities Market Trading Venue and Routing Analytics Service
Research and consulting firm TABB Group announced the launch of Clarity, a U.S. equities market trading venue and routing analytics service designed to help money managers, institutional investors, brokers and trading venues standardize, gather,…
ICE Plans Majority Stake in Dutch Clearer
The IntercontinentalExchange Group (ICE) has announced that it will acquire a majority stake in the Holland Clearing House (HCH), adding to its recent shopping cart of company buys.
Taiwan and Singapore Eye Trading Link
The Taiwan Stock Exchange (TWSE) and the Singapore Exchange (SGX) have signed a letter of intent to start and work towards linking the two bourses to facilitate cross-border trading, clearing and settlement.
BGC Presents Offer for GFI Group
Brokerage firm BGC Partners has announced its intention to submit a cash tender offer to the shareholders of GFI Group, in direct competition with a previous announcement that the New York-based firm would be acquired by the Chicago Mercantile Exchange …
Kx Systems To Perform Trading Analytics for SZSE
Kx Systems' kdb+ was picked by the Laboratory for Financial Innovation at the Shenzhen Stock Exchange (SZSE) to perform trading analytics.
KCG Offloads FCM Business to Wedbush
KCG Holdings, formed from the merger of Knight Capital and Getco, will sell its futures commission merchant (FCM) business to Wedbush Securities, the company has confirmed.
Interdin Bolsa Connects to Bats Chi-X Europe Via SunGard Valdi
Madrid-based securities brokerage house Interdin Bolsa Sociedad de Valores (Interdin) has selected SunGard’s Valdi Market Access platform to connect directly to the BATS Chi-X Europe exchange.