Bloomberg, MarketAxess and Tradeweb have signed a joint venture agreement, to establish an independent company for the purpose of participating in the public procurement procedure to become the fixed income consolidated tape provider (CTP) in the European Union, all subject to relevant regulatory approvals. According to a story in MarketsMedia news, the parties have appointed Neil Ryan to lead the CTP initiative. Ryan is an industry veteran with over 30 years in various senior positions across the public and private sectors and has experience in the fixed income space. He will focus on...

Clearwater Analytics, a leading provider of SaaS-based investment management, accounting, reporting, and analytics solutions, and J.P. Morgan Asset Management announced a strategic partnership that will integrate Clearwater with the MORGAN MONEY® global trading platform, allowing permissioned users to easily navigate between both systems. According to a story in Markets Media news, the joint solution will make it easier for financial professionals to have a global, connected view of their investment portfolios and empower them to make real-time investment decisions on...

Quantinuum, the world’s largest quantum computing company, and HSBC announced a series of exploratory projects that exploit the potential near- and long-term benefits of quantum computing for banking with specific projects in cybersecurity, fraud detection, and natural language processing. According to a story in MarketsMedia news, an initial exploration of the multi-stage collaboration is intended to demonstrate the use of quantum computing-hardened cryptographic keys, including uniquely combining them with post-quantum cryptographic algorithms to mitigate current and future cyber...

Historical Level 3 data provider BMLL has added Cboe Europe Indices to its product suite – and is now available via its research and data visualization tools, BMLL Data Lab, BMLL Data Feed and BMLL Vantage. According to a story in The Trade news, BMLL highlighted the importance of the addition of new data sets in enhancing data coverage for market participants globally. Following the integration, BMLL’s trading analytics can be analyzed across Cboe Europe’s single country, pan-European and sector indices. This includes: Cboe UK 100, Cboe Eurozone 50, Cboe Europe Finance Sector indices.

BNY Mellon announced the establishment of a new Digital R&D Hub in Dublin that will drive innovation in the areas of artificial intelligence (AI), machine learning, and data analytics for BNY Mellon clients globally. According to a story in MarketsMedia news, the development includes an initial €8 million investment, with support from IDA Ireland, which will strengthen BNY Mellon’s role as a leader in developing AI technologies and expand on existing technology capabilities located in Ireland. The investment will also lead to a more than doubling of the digital team in Dublin and the...

DTCC has announced its collaboration with Nomura Research Institute to provide automated central matching capabilities for cash securities in Japan. The partnership will offer regional firms in Japan the ability to leverage CTM, DTCC’s platform for the central matching of cash securities transactions, directly from NRI’s SmartBridge Advance offering, allowing users to achieve accelerated settlement times and increased efficiency. DTCC’s ALERT database, which currently holds more than 14 million standing settlement and account instructions (SSIs), will offer SSI enrichment which will help...

On Thursday June 29, FIF will hold an in-person event at the offices of OTC Markets (300 Vesey Street, New York, NY 10282). There will be two panels, with one focusing on the SEC rule proposal to amend the Rule 3b-16 definition of exchange and the other focusing on digital assets/crypto regulation. This event is free to attend for all FIF members. If you would like to attend, please register here.

FIF has scheduled the next call for the Rule 605 Working Group for Tuesday May 30 at 3 pm ET. The Working Group will discuss the May 17 call between FIF members and SEC staff relating to the SEC’s rule proposal on Disclosure of Order Execution Information and discuss a draft supplemental comment letter to be submitted by FIF.

The next call for the FIF Rule 606 Working Group is scheduled for Wednesday May 31 at 3 pm ET. The Working Group will review a draft supplemental FIF comment letter on the FINRA rule proposal for order routing disclosures for OTC equities. The comment letter is focused on the scenario where a reporting firm routes child orders to multiple execution venues for a single parent order.