BNY Mellon has launched three new data and analytics solutions and confirmed the expansion of its relationship with Microsoft to create data services for investment managers. The three new solutions include cloud-based Data Vault, Distribution Analytics, and ESG (environmental, social, governance) Data Analytics. At the same time, BNY Mellon confirmed that it will expand its partnership with Microsoft and implement Microsoft Azure to create data, technology, and content solutions for investment managers as part of its digital strategy to collaborate with external partners.

Refinitiv has launched a low-latency market data feed for its FX trading platform that increases market transparency through near real-time data and price discovery. The new feed, known as FX Binary Multicast Feed 5ms, aims to provide Spot Matching clients with the ability to make more informed trading decisions and achieve the best possible price with in-depth and near real-time market insights. Refinitiv’s FX Binary Multicast Feed 5ms will provide ‘frequent and granular data’ on the order book and traded prices from Refinitiv’s Spot Matching platform. The feed also includes new VWAP data...

Cboe Global Markets, Inc. announced it has completed its acquisition of EuroCCP, a leading pan-European equities clearing house. The acquisition paves the way for the planned launch of Cboe Europe Derivatives, a new Amsterdam-based futures and options market, in the first half of 2021, subject to regulatory approvals. EuroCCP currently clears trades for 37 trading venues, which represent close to 95 percent of all equity trades executed on organized markets in Europe. Cboe sees an opportunity to further grow this business by capitalizing on the strength of its pan-European network, and by...

With great sadness, FINRA announced that Thomas Gira, Executive Vice President of Market Regulation and Transparency Services, passed away on Saturday, June 20. He was 58. Under Gira’s leadership, FINRA’s Market Regulation Department grew to conduct cross-market surveillance of all U.S. equities markets and nearly half of the U.S. options markets. Gira was also at the forefront of leading FINRA’s work in support of the Consolidated Audit Trail.

Nomura Securities announced the launch of its new asset management application, OneStock. The app was created in collaboration with software company Money Forward, Inc. and can be used by a wide range of users, including those who do not have an account with Nomura. The app aims to address clients’ concerns about building and managing their assets by helping them understand the future lifespan of their assets based on their income, expenses, and current assets. Nomura also plans to introduce other functions and features that allow clients to view assets such as health insurance and...

Cboe Global Markets is launching a new currency trading platform, called Cboe FX Central. On the new platform, clients trying to buy or sell at the nearest prices to the prevailing exchange rate will get information about market moves first, instead of data being sent to all traders at the same time. This topic will be discussed in full during the next FIF Data & Technology Committee meeting.

FIF CSDR/EU Buy-In Working Group - FIF was joined again by Andy Hill, ICMA, and Matthew Johnson, DTCC, to continue the discussion on CSDR issues facing U.S.-domiciled broker-dealers. The European Union has requested ESMA to conduct a review of CSDR and FIF will be submitting a letter outlining these US-specific issues for ESMA to take into consideration.  FIF SEC Rule 606 Working Group - FIF held two meetings this past week to discuss various remaining issues including 606(a) fees, specifically how to report the percentage of routed orders and whether options...

On June 30 at 2:00pm et, Refinitiv will host a webinar focused upon the potential impact of significant changes to the securities industry  to enterprise tax reporting technology and processing.  Additional details and the registration page may be found here.

FIF would like to thank all those who attended the FIF CAT roundtable on Wednesday, June 17. Specific topics included testing, resource management, best practice guidance, and a preview of Phase 2c - 2e deliverables.  Panelists included Shelly Bohlin, FINRA CAT; Ron Veith, JP Morgan; Dave Emero, Goldman Sachs; Ron Jordan, Kingland Systems; Mike Major, SIG; Will Leahey, Refinitiv; Mark Hendrickson, D.A. Davidson; and Merissa Billingsley, Fidessa. Please find the recording of the webinar here.