Swiss stock exchange operator SIX has entered into a strategic partnership with data distribution specialist Xignite to provide real-time market data services via the cloud. The partnership will give clients access to real-time data from SIX’s catalog of more than 1,800 global exchanges and trading venues via Xignite’s Enterprise Microservices.

Refinitiv has launched the Sustainable Finance League Tables through its Deals Intelligence solution. Serving as a data-metric in the development of sustainable insights, it measures new capital raising; driving sustainable outcomes and ranks the investment banks underwriting such activity. Available on Refinitiv Workspace and Eikon, the Deals Intelligence Sustainable Finance League Tables leverages the global deal and market volume analysis covering over 3.3 million transactions in 225 nations since the 1970s and applies criteria across both use of proceeds and company operations to...

The ETF Hub from US exchange group ICE will now allow participants to assemble custom baskets for exchange-traded funds (ETFs) in a bid to boost liquidity and tighten bid-ask spreads. The move means ICE ETF Hub users can screen, communicate, and assemble custom baskets with issuers electronically, via FIX-enabled APIs and front-end user interfaces of the hub. To accustom participants to the new technology, ICE ETF Hub will launch a pilot program allowing customers to test the custom basket negotiation in a live setting.

FIF will be hosting a CAT Roundtable on this Thursday, July 23rd at 3:00pm et focused on best practices associated with the upcoming CAT Phase 2a and Phase 2b linkage validations.  The webinar will feature speakers representing several industry and regulatory stakeholders.  Registration is open to both members and non-members. To register, please follow the link here.  

FIF Back Office Committee -  Please find this month's Back Office Committee agenda here;  FIF CAT-OATs Parallel Reporting Working Group - FIF reviewed the earlier FINRA TSWG discussion on the Phase 2d requirement mandating Unique Order IDs upon all Order Modify Events, incorporating FINRA CAT's description of the rationale.  The group discussed potential industry solutions and potential consequences from this requirement. FIF also reviewed rejection and corrections of TRF reports and asked for feedback regarding the Amendments to SRO...

As the first two phases of the Securities Financing Transactions Regulation (SFTR) went live last week, the Swiss Stock Exchange (SIX) announced its reporting service for the regulation is now live for the Swiss repo market. After launching its Collateral Cockpit in 2019 to give repo market participants the ability to view and manage collateral in real-time, the exchange said 170 clients can now benefit from the full service. SIX now automates the way it provides unique transaction identifiers (UTI) and for the delegated reporting, it partnered with the London Stock Exchange Group’s trade...

Cboe Global Markets, Inc. announced plans to launch trading in Mini Cboe Volatility Index (VIX) futures on Cboe Futures Exchange (CFE) beginning Monday, August 10, subject to regulatory review. The new smaller-sized contract builds on the success of VIX futures and aims to meet investor demand for a wider variety of tools to gain direct exposure to the VIX Index, recognized as a gauge of U.S. equity market volatility. New Mini VIX futures (ticker symbol: VXM) will be structured like the standard VIX futures contract but will feature a $100 multiplier, making them one-tenth the size of the...

NYSE’s affiliate SIAC upgraded the Consolidated Tape Association’s (CTA) equity trade and quote data feeds to Pillar technology. SIAC is the Securities Information Processor (SIP) for CTA and the Options Price Reporting Authority (OPRA). Pillar now brings increased speed and resiliency to SIAC’s processing of the CTA consolidated trade and quote data feeds for equity securities listed on NYSE (Tape A) and Cboe, NYSE Arca, and NYSE American (Tape B). SIAC expects Pillar to reduce CTA quote consolidation processing time by more than two-thirds.

Goldman Sachs is planning to move its prime services business onto its flagship electronic platform Marquee, in a move that will digitalize the capital raising process for new fund launches. According to a story in The Trade news, the project, dubbed Marquee Connect, will include the development of an electronic capital introduction service, providing a new virtual way for hedge funds to connect with prospective institutional investors. The plans would enable hedge funds to present new fund launches, connect them with interested investors, and maintain control over how information is...