Nasdaq announced the launch of two new market segments in Stockholm – Nasdaq Stockholm Sustainable Commercial Papers and Nasdaq Stockholm Sustainable Products. The new market segments will list sustainable commercial papers and structured products, respectively, and follows the growth of Nasdaq’s Sustainable Bond Market. The Sustainable Commercial Papers segment lists green commercial papers issued by the Swedish real estate company Vasakronan AB. The market is intended to raise awareness around a new type of sustainable debt instrument, while providing transparency that...

JP Morgan has launched an over-the-counter (OTC) client clearing service through the Australian Securities Exchange (ASX), according to a story in The Trade. The US investment bank said that it has become the first ASX OTC clearing participant to launch an agency clearing service for Australian (AUD) and New Zealand (NZD) dollar denominated OTC derivatives. Clients of JP Morgan will benefit from being able to keep all of their AUD and NZD cleared derivatives trades in one clearing house which operates within a single construct through local infrastructure. ASX currently operates the largest...

The Depository Trust & Clearing Corporation announced it has signed an agreement with Symphony that significantly expands communication and collaboration capabilities within the DTCC Exception Manager (DXM) service. Symphony is a messaging and collaboration platform used by many financial services companies for both internal and external communications. DTCC has signed agreements to become both a Symphony partner and client, enabling users of DXM, who are also users of Symphony, to securely use exception information displayed in the DXM platform and post it into a Symphony chat room....

Manual Events Subgroup - Held a short follow-up discussion with the SROs after our previous deep dive discussion FIF CAT Working Group - Reviewed FDID deep dive materials to be used in a discussion with the SROs on 9/21, requested feedback on spec review summaries, reviewed discussions had with the SROs on the tech spec, final solicitation of feedback on OATS to CAT mapping, reviewed deep dive materials used in meetings on OMS/EMS Linkages and Manual Events FIF CAT Tech Spec Review Working Group -  Reviewed sections 6.3-6.7 (equity scenerios and examples), 2.4-5 and 7 (options) ...

Nasdaq announced its Market Technology division has launched its Nasdaq Financial Framework technology into the banks and brokers segment for the outsourcing of trading infrastructure and operations, including regulatory reporting. This new market infrastructure solution complements Nasdaq’s risk and surveillance technology offering, which is in place at over 140 sell-side clients worldwide.

Cboe Europe announced it will expand its coverage to 18 markets across Europe with the planned launch of trading in Polish, Hungarian and Czech securities beginning November 5th, pending regulatory review. Cboe Europe plans to offer trading in the stocks that comprise the following indices: WIG20 Index (Poland), BUX Index (Hungary) and PX Index (Czech Republic). Interoperable clearing, which allows market participants to select either EuroCCP, LCH.Clearnet or SIX x-clear as their Central Counterparty (CCP), is available for all trades done on these markets, with the exception of Polish...

Instinet Europe has announced the latest in a series of liquidity streaming partnerships through a new agreement with pan-European liquidity provider, SSW Market Making, according to a story inTheTrade news. The deal follows similar agreements with Virtu Financial and Sun Trading (since acquired by Hudson River) that were implemented last year as the industry prepared for the implementation of the MiFID II regime. The liquidity streaming relationship between Instinet and SSW Market Making will enable Instinet to provide incremental original liquidity across a range of stocks and...

OTC Markets Group Inc., operator of financial markets for 10,000 U.S. and global securities, introduced a compliance product designed to provide broker-dealers and compliance/risk management teams with a turnkey data set to standardize the process for evaluating over 1,800 sub $500 million market cap equities listed on a national stock exchange. The new Small Cap Listed Compliance Product allows firms to enhance their due diligence and establish a standardized framework to analyze securities across the listed and OTC equity small cap market. The file also provides active and...

Vela, an independent provider of trading and market access technology for global multi-asset electronic trading, announced the addition of key Asia Pacific (APAC) exchanges to SuperFeed, Vela’s normalized Market Data Feed. The initial implementation will deliver APAC exchange data to existing locations in Europe and North America. The exchanges being added to Vela’s SuperFeed include futures and options markets within the region, specifically ASX24, Hong Kong Exchange, National Stock Exchange of India, Osaka Stock Exchange, and Singapore Stock Exchange, with further markets due...