London Stock Exchange Group announced that it has signed an agreement to acquire MayStreet, a leading market data solutions provider. Founded in 2012, MayStreet provides high-quality global low latency technology and market data to over 65 industry participants, including banks, asset managers and hedge funds. MayStreet has an existing commercial partnership with LSEG to support LSEG’s Real-Time Direct feed offering. It has also served as a market data provider to the SEC’s Market Information Data Analytics System (MIDAS) since 2019. Following completion, MayStreet will be part of the...

Nomura has become the latest institution to set out plans to launch a digital assets company for institutional clients. Due to launch later this year, it will offer users access to services and products linked to cryptocurrencies, stable coins, decentralised finance (DeFi), non-fungible tokens (NFTs) and others. In order to improve time-to-market and speed of innovation it will operate as a wholly segregated entity with its own resources and capital. The plans follow the launch of Nomura’s Digital Company in April as part of a reorganization of its Future Innovation Company in a bid to...

Northern Trust has established a relationship with Enfusion, Inc., a provider of cloud-native investment management software and services, to provide portfolio management, order and execution management system. Through this collaboration, Enfusion and Northern Trust offer asset manager, hedge fund and internally managed asset owner clients a fully integrated, end-to-end solution that can streamline workflows while leveraging each company’s strengths. Enfusion’s software-as-a-service (SaaS) platform, which has operated cloud-natively since inception in 2006, delivers portfolio management,...

Nadine Chakar, head of State Street Digital, said the firm had taken “the first step on the moon” by successfully completing a pilot of same day settlement using blockchain infrastructure, according to a story in MarketsMedia news. State Street and regulated blockchain infrastructure platform Paxos completed a pilot of same day (T+0) settlement. As part of the pilot State Street simulated settlement and custody of shares on the Paxos platform and asset movements with Credit Suisse. The pilot was performed using State Street’s Alpha platform with ties it’s Charles River trading platform to...

Virtu Financial, Inc., a global market maker, broker and leading provider of global financial services technology, announced the formation of RFQ-hub Holdings LLC to support the growth of RFQ-hub, Virtu’s bilateral multi-asset and multi-dealer request for quote platform. RFQ-hub brings asset managers and liquidity providers together to help electronically deliver aggregated and competitive liquidity, streamline workflow and improve pricing with a focus on equity and fixed income listed and OTC derivatives, structured products and exchange-traded funds (ETFs). The goal of the newly formed...

FIF has scheduled an additional CAT CAIS Working Group call for this week to review responses from FINRA CAT to comments and questions previously submitted by FIF. This call is scheduled for Monday, May 16, 2022 at 11 am ET. This call is in addition to the regularly-scheduled CAIS Working Group calls on Wednesday and Friday.

The FIF Back Office Committee will meet on Tuesday, May 17 at 11 am ET to review applicable FICC, DTC, NSCC, SEC, MSRB, OCC, IRS and FINRA updates during the past month.

At the request of several FIF member firms, FIF has scheduled a call for the Compliance Working Group that will focus on trade surveillance issues. FIF has scheduled this call for Tuesday, May 17, 2022 at 2 pm ET. If you would like to participate on this call and are not a member of the Compliance Working Group, please contact This email address is being protected from spambots. You need JavaScript enabled to view it..

The FIF TRACE/Fixed Income Working Group will meet on Monday, May 23, 2022 at 2 pm ET to continue its discussion of implementation issues relating to the Federal Reserve Board rule to expand TRACE reporting to include certain depository institutions. The Working Group also will discuss the recent FINRA rule filing with the SEC to expand TRACE reporting to cover foreign sovereign bonds.