Nasdaq announced that Nasdaq Copenhagen is introducing a central counterparty participant for equity trading in its small cap market segment. The introduction removes bilateral counterparty risk, reduces transaction costs for trading members and aligns the post trade setup for equity trading on all main market segments at Nasdaq Copenhagen. In 2009 Nasdaq Nordic introduced the central counterparty participant for large cap shares in Copenhagen and Stockholm, and for all market cap segments in Helsinki. After the introduction, the share of non-Nordic trading in Nasdaq Copenhagen listed...

Refinitiv has launched a data aggregator for fixed income trade data available through MiFID II requirements in a bid to remove the complexity of consuming data feeds from both individual reporting and trading venues. Trade data, from approved publication arrangements (APAs) and multilateral trading facilities (MTFs), created as a result of the European regulation can be accessed via Refinitiv through a single consolidated data feed. It will be available as an application on the desktop via Eikon or the Elektron Data Platform, which includes integrated content and services for clients to...

LTR Phase Three -  FIF met with members to provide an update on the Commission's recent stance LTR Phase Three, and next steps for the industry.  FIF will schedule a follow up call the for the week of the 26th.  FIF CAT Tech Spec Working Group - Members raised a number of outstanding issues in the spec that have not been resolved.  FIF understands that a number of the issues within the spec may prevent industry members from performing coding, may require costly and unnecessary systems builds (due to ambiguous guidance/ lack of guidance). Therefore, FIF is...

FIF has been featured in an article focusing on the cybersecurity concerns of CAT.  The article was written by S&P Global Market Intelligence.  Read it here

FIF is pleased to announce that Piper Jaffray has joined the Financial Information Forum Community.

According to a story in Reuters news, Swiss exchange SIX expects its traditional trading platform to be overtaken within a decade by blockchain technology. Although stock and bond dealing on SIX and most other exchanges are now fully electronic, the underlying processing steps are often based on old protocols of paper and post. “The existing system could be completely replaced by the digital exchange in about 10 years,” Thomas Zeeb, head of securities and exchanges at SIX, said. SIX Digital Exchange (SDX) is scheduled to launch in mid-2019 and initially run parallel to the...

Deutsche Bank announced the launch of its newest Innovation Lab, which opened in Singapore. The Lab is Deutsche Bank’s first in Asia Pacific and completes the bank’s global network, which spans from Berlin to London, New York, Palo Alto, and now Singapore. The bank’s Innovation Labs are part of its drive to digitalize and embrace emerging technologies for the benefit of clients. Finding the best startup opportunities across Asia Pacific will be a key objective for Deutsche Bank’s Asia Pacific Innovation Lab. Similarly, Singapore’s addition to the platform will...

BNY Mellon has appointed its new head of operations. Lester Owens will take up the role as of February next year reporting to chief executive Charles Scharf. He has more than 20 years experience in leading operations at various financial institutions. Most recently, Owens was responsible for global wholesale banking operations and corporate and investment banking client onboarding at JP Morgan. Prior to that, he led transaction banking operations at Deutsche Bank and was a site director at Citibank. 

SIX FinTech Ventures, the CHF 50 million corporate venture fund of SIX, has invested in its first two early stage startups, both of which aim to revolutionize the Swiss Financial Center. The aim of the SIX FinTech Venture is to provide the Swiss Financial Center with cutting edge technologies, business models and solutions that meet customer expectations. The SIX FinTech Venture fund invests in scalable startups, which have the potential to thrive as established companies, and provide real benefit to the Swiss Financial Ecosystem. The fund invests in all relevant financial industry...