Nasdaq, Inc. announced it has named Tal Cohen as Executive Vice President, North American Market Services, effective today, July 1. In this role, Cohen will be responsible for driving the strategy and success of trading businesses across cash equities, commodities, derivatives, and trade management services in Nasdaq’s U.S. and Canadian markets. In his role, in addition to directing the strategy of the business, Cohen will oversee Nasdaq’s North American trading products across their lifecycle and will manage client relationships and market operations. He will report to Adena...

Itiviti, a technology and service provider to financial institutions worldwide, has partnered with MIK Fund Solutions, a software development firm focusing exclusively on the asset management industry. MIK OMS integrates in/outbound FIX messaging with all major EMSs via direct FIX connections and hosted connections provided and managed by Itiviti’s NYFIX order routing network. This gives MIK clients access to the NYFIX service delivery platform. MIK is one of 50 buy-side service providers to select NYFIX as their main connectivity partner. Itiviti’s NYFIX offers unified drop...

The corporate and investment banking franchise at JP Morgan has forged a five-year alliance with StatPro to develop a multi-asset portfolio analytics tool for the buy-side, according to a story in The Trade. StatPro, a cloud-based portfolio analytics and asset pricing services provider, said that it will work alongside the bank’s data and analytics business to provide clients with access to the StatPro data platform alongside JP Morgan’s fixed income indices. The agreement aims to bolster the decision-making process for front office professionals, specifically portfolio...

Broadridge Financial Solutions, Inc. and Northern Trust have reached an agreement for Northern Trust to transfer its distributed ledger technology (DLT) platform for private equity (PE) asset servicing to Broadridge. According to a story in MarketsMedia, Broadridge will develop the platform leveraging blockchain technology developed by Northern Trust. The technology will provide data and analytics tools connecting the complex PE lifecycle for all market participants. Through the platform, PE firms can manage, communicate and engage with investors with greater efficiency. It enhances capital...

FIF will be holding a Quarterly Event later this week on Thursday, June 27th at OTC Markets (300 Vesey Street, New York, NY).  The event will focus upon the implementation of Amended SEC Rule 606.  To register for the event, please click here. Space is limited, and registration ends tomorrow, so please register today if you would like to attend.

FIF sent representatives to Washington D.C. on Thursday, June 20th, to meet with SEC Trading and Markets Staff on draft SEC Rule 606 guidance/FAQs.  The content of that meeting will be discussed during FIFs 606 Working Group call on Monday, June 24 at 3:00pm. 

FIF CAT Working Group - FIF reviewed materials provided by the SROs (IM Tech Spec WG - June 13) and FIF's descripion of the challenges/recommendations pertaining to proposed Tech Spec updates (final CAT Tech Spec will be published today).  FIF concluded the meeting with update on CAT connectivity options.  Following the meeting, FIF distributed a survey eliciting feedback on questions presented by FINRA CAT.  Please send FIF an email at This email address is being protected from spambots. You need JavaScript enabled to view it. if you did not receive the...

Intercontinental Exchange (ICE) has been granted approval by the UK’s financial watchdog to operate as a third country benchmark administrator under the European Benchmark Regulation (BMR). According to a story in The Trade news, ICE Data Services said that it had received the approval from the Financial Conduct Authority (FCA) last month, meaning that market participants can reference its indices in compliance with the rules. As an administrator, firms are required to implement high standards of governance, oversight and transparency for the provision of indices so that market...

Refinitiv has made a strategic investment in alternative data platform and marketplace BattleFin and formed a partnership which will enable customers access to alternative datasets across its data platforms, including quantitative data management platform QA Direct in the Cloud. Quants and fundamental analysts will be able to access and test different alternative datasets alongside Refinitiv’s data offerings, such as I/B/E/S Estimates, WorldScope Fundamentals, and StarMineTM Quantitative Models. A sub-set of Refinitiv’s proprietary content will also be made available for testing...