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MEMX Unveils Market Data Pricing

MEMX, a market operator founded by a diverse group of participants to benefit all investors, announced new proposed pricing for the exchange’s real-time equities market data, pending filing with the Securities and Exchange Commission. After rapidly growing to over 4% market share in its first 16 months of operation, MEMX is now a meaningful source of price discovery for US equities and will be the first stock exchange to make real-time market data available to both professional and non-professional customers at the same low price of $.01. In addition to providing “top of book” and “last...

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Jump Trading Added to European Government Bond Marketplace

Jump Trading has joined Tradeweb Markets’ European Government Bond marketplace to provide bank participants with streaming liquidity via the new Tradeweb EUGV STAQ API. The global proprietary trading firm, Jump Trading, currently uses the solution to stream its actionable prices for US Treasuries on Tradeweb. Tradeweb said that its new EUGV STAQ API enables traders to execute on these price streams on a name disclosed basis in a single centralized location. The price levels can either be traded during a Request-for-Quote (RFQ) negotiation manually or built into an automated trading workflow...

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Cboe Completes MATCHNow Technology Migration

Cboe Global Markets, Inc. announced it successfully migrated MATCHNow to Cboe technology on February 1, 2022. Along with this technology migration, Cboe has launched Cboe BIDS Canada, bringing a new block-trading offering to the Canadian equities market. MATCHNow is Canada's largest equities dark pool, offering execution for institutional, proprietary and retail orders by combining frequent call matches and continuous execution opportunities in a confidential trading book. MATCHNow's Conditionals Orders, enable subscribers to electronically indicate block size liquidity in...

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BNY Mellon Chooses ALTO* Investment Compliance

BNY Mellon and Amundi announced that BNY Mellon has chosen Amundi Technology and the ALTO platform to ensure trustee controls and compliance monitoring for Depositary and Fund Administration duties. The solution will be deployed into BNY Mellon global operations according to a story in MarketsMedia news. ALTO* Investment Compliance is a component of the ALTO* Asset Servicing offering dedicated to custodians and administrators within the global ALTO* Investment framework. It provides an open-source, private cloud-based technology and covers the entire trustee control value...

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HSBC Integrates with Bloomberg AIM

HSBC and Bloomberg announced their collaboration to offer a seamless post-trade workflow through product and data integrations, delivering a more streamlined front-to-back user experience for mutual clients. This integration brings together Bloomberg AIM, an investment and order management system, with HSBC's middle office technology and operations to help support efficient real-time trade management processes, including matching and settlement. Clients are provided with trade lifecycle transparency to deliver actionable insights to their front office, risk and operations teams. The...

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Refinitiv Launches Market Data-Powered AI assistant in Microsoft Teams

Refinitiv announced the launch of Refinitiv AI Alerts, a market-data powered intelligent assistant available in Microsoft Teams. Refinitiv AI Alerts seeks to provide personalized, timely and actionable market insights for financial professionals, in collaboration with ModuleQ, a leader in human-centered artificial intelligence. User-specific content suggestions and alerts are driven by ModuleQ’s proprietary algorithms and Refinitiv’s Intelligent Tagging service and are linked back to Refinitiv Eikon and Workspace for deeper analysis and action. Refinitiv AI Alerts requests user permission...

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IHS Markit Partners on Service for Corporate Actions and Class Actions

IHS Markit, a provider of critical information, analytics and solutions, announced a partnership with Financial Recovery Technologies (FRT), a provider of securities class action recovery services to the investment community. This partnership will offer corporate actions data and processing capabilities to FRT clients while enabling IHS Markit clients to leverage securities class action recovery services. The partnership will leverage IHS Markit's unified Corporate Actions solution that brings together the power of enterprise technology solutions and managed data services that...

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