Vela, a leading independent provider of trading and market access technology for global multi-asset electronic trading, announced that Stacy Mallon, Director, Infrastructure and Security, has been honored for her achievements by Markets Media’s Markets Choice Women in Finance awards presented at a dinner in New York in November. Read More

The US financial markets will be closed on Wednesday to honor the memory of former President George H.W. Bush, who passed away late Friday at the age of 94. The White House said Saturday President Donald Trump would declare December 5th a national day of mourning for the country's 41st president. "He and the First Lady will attend the funeral at the National Cathedral in Washington, D.C.," the statement said. The New York Stock Exchange said it will suspend normal trading on Wednesday. "The exchange will observe a minute of silence to honor President Bush on Monday. As per our...

Alex Shterenberg has been appointed global head of G10 and EM eFX trading at Barclays in New York, overseeing the investment bank’s electronic FX trading business globally. Shterenberg joins after spending more than five years with Bank of America Merrill Lynch where he held several senior roles, most recently as head of eFX trading for the Americas and global of FX algorithmic execution. During that time, he led the development of pricing and hedging models as well as FX algorithmic trading products.

Bloomberg’s real-time market data feed B-PIPE has been made available on the cloud via Amazon Web Services (AWS), according to a story in The Trade news. The move gives clients access to the same market data available through the Bloomberg Terminal without any change to the data. Clients can simultaneously stream data from 35 million instruments across all asset classes, including data aggregated from more than 330 exchanges. Bloomberg said that data is a vital part of the decision-making process for the front-office, requiring flexible and scalable ways to access content and the...

Nasdaq’s president and chief executive officer has been chosen to sit on the board of directors at the Federal Reserve Bank of New York. Adena Friedman was elected as a Class B director representing Group 2, which consists of banks with capital and surplus between $40 million and $2 billion, the Federal Reserve Bank said in a statement. She replaces David Cote who stepped down from his position on the board of directors in March this year and will fill the unexpired portion of Cote’s term which ends in December 2019.

The Swiss Federal Council has adopted an ordinance that will introduce a new "recognition regime" for foreign trading venues which trade Swiss shares. The ordinance was adopted due to the fact that the EU Commission has not yet decided whether or not to extend the equivalence recognition of Swiss legal and supervisory framework for trading venues with that of the EU. SIX welcomes the contingency measure of the Swiss Federal Council, a measure to protect the functioning of the Swiss stock exchange infrastructure, as it ensures that EU market participants continue to have access to the Swiss...

Refinitiv and Tradeweb Markets (Tradeweb) have renewed an agreement to make certain Tradeweb market data – including new data sets – available for exclusive redistribution through Refinitiv. The expanded, multi-year agreement enables financial professionals to access Tradeweb data across multiple Refinitiv platforms and solutions, based on the user’s individual preferences and workflow requirements. This includes Eikon, as well as Elektron, Datascope, Refinitiv cloud-based solutions, and Tick History. The new agreement provides for the delivery of additional data sets...

US investment banks Goldman Sachs and Morgan Stanley have gone live with CLS’s automated bilateral payment netting service that operates on a blockchain technology platform, according to a story in TheTrade news. The foreign exchange (FX) settlement specialist developed the tool, known as CLSNet, in collaboration with buy- and sell-side market participants, with the goal of standardizing and increasing the levels of payment netting in the FX market for trades that have not been settled through CLS. Many institutions currently net with each other on a regular basis, but the processes...

FIF Back Office Committee Meeting - Provided guidance and insight on implementation issues relating to exchange, utility, and industry initiatives as well as regulatory changes affecting securities processing and reporting. 11/20 Agenda FIF CAT Tech Spec Working Group - FIF reviewed identified issues that will directly impact member firms implemenation of CAT.  We focused on reducing the content of these items to allow ThesysCAT to focus on those questions that may directly impede CAT implemenation. FIF CAT Industry Testing Subgroup - Reviewed the updated meeting...