Refinitiv announced the introduction of a secure, personalized, and frictionless global digital onboarding solution to help businesses streamline their approach to onboarding customers. The digital customer onboarding solution offers a fully configurable user interface, which allows organizations to provide a branded product application process that can be delivered via the web, mobile and via API. Its low-code/no-code requirements mean it can be integrated and deployed within two to six weeks; rapidly accelerating the remote onboarding of new customers for multiple financial products. The...

Broadridge Financial Solutions, Inc. announced that it will enable clients to better automate the processing of Corporate Action and Dividends events managed through the Euroclear CREST platform. The new solution capabilities further enable financial institutions to simplify and automate their corporate actions processing while reducing the risk and complexity across their business. This service includes event creation, instruction management and payments processing and settlement, thereby reducing risk associated with human error and providing significant cost savings for clients. The...

Miami International Holdings, Inc. that it has completed the acquisition of Dorman Trading, LLC , a full-service Futures Commission Merchant (FCM) registered with the Commodity Futures Trading Commission (CFTC). Dorman Trading is a Chicago-based FCM providing execution and clearing services for introducing brokers, retail customers, institutional clients and professional traders. Over the past two decades, Dorman Trading has pivoted from primarily a floor clearing business to one focused on clearing electronic trading. “The acquisition of Dorman Trading is an important part of our strategy...

Bloomberg has increased its carbon emissions dataset to cover 100,000 companies. This dataset consists of company reported carbon data and estimates based on either a machine-learning smart model or Bloomberg's newly developed industry-implied model accompanied with a PCAF reliability score. "Greater precision in Scope 1, 2 and 3 carbon emissions data will enable asset managers and banks to measure the extent of climate change risk within their investment and lending portfolios, and across their operations as a whole," said Brad Foster, Head of Enterprise Data Content at Bloomberg. "To...

FIF is sponsoring an event at Cboe in Chicago on Thursday November 3 at 4 pm (CT). The event is free for FIF members and will cover regulatory, technology and market data developments for options. Catherine Clay, Cboe's Global Head of Data and Access Solutions, will welcome FIF members and give an update on Cboe strategy. The panelists for the technology and market data panel include Melisse Morris of IMC, Will Steelman of Jump Trading, and Jeff Wells of Cboe. The panelists for the regulatory panel include Angela Lucas of Simplex and Nicole Pursley of Cboe. Tom Jordan, Head of the FIF...

The Data and Technology Committee will have its next call on Wednesday October 26 at 10 am ET to review capacity, latency and volume data for the prior month for the equity, options, currency, crypto and futures markets. The spotlight presenters will be Chaz Palmeri and Vinay Rao of MIAX, who will discuss volatility products.

Back Office Committee. The Back Office Committee reviewed applicable FICC, DTC, NSCC, SEC, MSRB, OCC, IRS and FINRA updates during the past month. The spotlight presenter was Peter Warms of the Global Legal Entity Identifier Foundation (GLEIF), who discussed current developments relating to legal entity identifiers (LEIs). The LEI is a 20-character alpha-numeric code based on ISO 17442 that enables clear and unique identification of legal entities participating in financial transactions. Find this month's agenda here. Tax Information Reporting Working Group. Cynthia Lapins and Robert...

UBS and Microsoft Corp. announced an expansion of their partnership to accelerate UBS’s public cloud footprint over the next five years. According to a story in MarketsMedia news, UBS plans to have more than 50% of its applications, including critical workloads, running on Microsoft Azure, now UBS’s primary cloud platform. The partnership furthers UBS’s “cloud-first” strategy and the modernization of its global technology estate. Through this partnership, UBS will have access to a comprehensive cloud platform, trusted by more than 95% of Fortune 500 companies, with a rich set of...

Instinet has completed its purchase of the FIS execution services business, according to a story in The Trade news. FIS execution services unit offers execution solutions including trading algorithms and execution services, including direct market access and sales trading. Once fully integrated, the new offering will be called Instinet Fox River Quant Solutions and will be delivered alongside Instinet’s core solutions business. It will initially be rolled out in the Americas with scope for this to expand in the future.