Cboe Global Markets, Inc. announced it plans to reopen its Cboe Options Exchange (C1) trading floor in Chicago and resume trading operations on the floor in a modified manner on Monday, June 8, 2020.  

The FIX Trading Community will present a live webinar entitled The Trading Life Cycle & Ecosystem Assessment of Crisis Performance, Lessons, and Next Steps on Thursday, June 4th at 12:00 pm ET. A panel of experts will examine the lessons learned from processing during the COVID-19 crisis and how it changes the approach in driving FIX Trading Community's expansion and use across the full life cycle and ecosystem. The discussion will include pre-trade, execution, post-trade & asset servicing, settlement & clearing, market data, and regulatory reporting. Financial...

Northern Trust announced it has enhanced its Foreign Exchange (FX) currency management solutions with machine learning models designed to enable greater oversight of thousands of daily data points and help reduce risk throughout the currency management lifecycle. The solution has been developed in conjunction with Northern Trust’s strategic partner Lumint Corporation. The advanced technology utilized by the Robotic Oversight System (ROSY) for Northern Trust, systematically scans newly arriving, anonymized data to identify anomalies across multi-dimensional data sets. It is built on machine...

Goldman Sachs Group Inc plans to buy a boutique wealth management custodian and technology company called Folio Financial Inc for an undisclosed amount of money, according to a story in Reuters news. Folio would be the second wealth management company Goldman has acquired in two years, following United Capital in 2019. Based in McLean, Virginia, Folio has roughly 160 employees and $11 billion in assets under custody for registered investment advisers. 

The London Stock Exchange formally asked the European Union’s competition officials to approve its $27 billion takeover of data and analytics company, Refinitiv. The European Commission set a June 26 deadline for its decision. It can clear the deal with or without conditions or open a four-month long investigation following the end of its preliminary review if it has serious concerns. Analysts expect the Commission to kick off a full-scale investigation after June 26 because of the complexity and the massive amount of data involved in the deal. Refinitiv is 45%-owned by Thomson Reuters. 

Pending SEC approval, MIAX plans to commence quoting and trading of Nasdaq-listed securities under the UTP plan in a phased rollout beginning September 25, 2020. Real-time data will be transmitted to distributors on the UTP Quotation Data Feed (UQDF) and UTP Trade Data Feed (UTDF) data feeds: MIAX has tentatively scheduled testing on select weekends in July, August and September before their launch.

Having successfully completed product readiness testing, Jordan & Jordan (J&J), a leading FinTech firm, trade surveillance and Consolidated Audit Trail (CAT) solution provider, has been approved as an authorized CAT Reporting Agent (CRA) by FINRA CAT LLC. J&J’s CAT reporting capability will flow through an enhanced version of the Execution Compliance and Surveillance Service (ECS) product. J&J is equipped to handle data provided by clients in multiple formats including FIX, vendor-based and proprietary formats. Read More

Nasdaq announced the launch of its Nasdaq Cloud Data Service (NCDS), which provides clients access to real-time equity, index, and fund data through cloud-based technology. According to a story in MarketsMedia news, Nasdaq sees moving to the cloud as a logical next step in evolving to meet client needs. NCDS is accessible through a suite of scalable, cloud-based Application Programming Interfaces (APIs). These APIs utilize open-source delivery standards and a software development kit (SDK) to fast track engineering efforts. This eliminates the need for hardware procurement,...

Charles Schwab is launching fractional stock-trading in early June, the firm announced, marking an effort to attract new investors in what's become a fiercely competitive arena for both new and legacy brokerage players. The offering will exclude exchange-traded funds and is limited to S&P 500 components. The move will allow investors to buy slices of individual stocks with a minimum of $5. The service, named "Schwab Stock Slices," will launch on June 9 and allow users to purchase up to 10 different "slices" at once.