Thomson Reuters has announced that it will now offer clients access to in-depth content from Real Vision, the video-on-demand service for financial and business media. The agreement will enable banks, brokerage houses, asset managers, hedge funds and other Thomson Reuters clients to purchase Real Vision subscriptions for employees, and for retail investment customers to gain insight and make more informed investment decisions. Real Vision video content will be available on the Reuters Insider online platform, which delivers interviews, financial data and other information to...

Vela, an independent provider of trading and market access technology for global multi-asset electronic trading, announced that Peggy Sullivan, who served as a consultant to the company since October 2017, has joined as Chief of Staff. Based out of Vela’s headquarters in New York and reporting to CEO Jennifer Nayar, Peggy’s key responsibilities include establishing strategic partnerships, advising on market structure challenges and developments, building relationships with key accounts, identifying opportunities to improve service delivery, and collaborating with the wider...

Eze Software, a global provider of investment technology, has expanded its best execution offering with Trade Informatics’ (TI) Strategic & Tactical Analytic Research & Trading tool (START), a broker neutral automated intelligent trading engine. Backed by TI’s advanced pre-trade transaction cost analytics, START helps firms align investment and trading strategies and seek out better execution opportunities across brokers’ direct market access routes and dark pools. The engine’s broker-neutral, logic-based trading aims to improve performance, manage costs, and...

Bloomberg has launched a new data service with NEX Group that aims to establish a liquid and transparent reference for US Treasuries and interest rate swaps. Known as Bloomberg Capital Markets Package, the service will combine NEX’s BrokerTec US Treasuries data with USD spread-over data from Tradition’s swap execution facility (SEF) Trad-X platform. In the interest rate swaps market around 70% of volume is traded in spread-overs, meaning transparent US Treasuries pricing data is essential to market participants. Historically, NEX BrokerTec – formerly ICAP – has...

Thomson Reuters has established a new data agreement with ICAP and Tradeweb. The deal will see the Reuters Capital Markets 19901 (RCM19901) benchmark add US Treasury data from Tradeweb’s business Dealerweb, alongside continued USD interest rate swap and multi-currency information from ICAP. RCM19901 provides access to up-to-date pricing, reference, valuation and data for USD interest rate swaps and US Treasuries. Thomson Reuters said that a combined set of data from Tradeweb and ICAP alongside its existing OTC sources offers a comprehensive source for inter-bank data in the market.

FactSet, a global provider of integrated financial information, analytical applications, and industry-leading services, announced it has been selected to be the primary market data provider for Merrill Lynch Wealth Management. Starting later this year, FactSet will deploy its Market Data solution to more than 15,000 wealth management professionals across Merrill Lynch. The web-based platform provides multi-asset class content, analytics and global market data.  The multi-year, enterprise level agreement also includes FactSet’s data feeds, which will be integrated into Merrill...

CAT FDID Subgroup - Reviewed the SROs’ proposed suggestion of requesting exemptive relief from the CAT NMS Plan to prohibit account number as an option to report FDID.  FIF submitted to our comments to the SROs on Friday, August 10. Matching Criteria Subgroup - FIF held a meeting as a follow up to the Deep Dive Discussion with the SROs to discuss remaining issues and questions  FIF/STA/SIFMA Error Correction Subgroup - Covered the recommendations and questions to be posed to the SROs/Plan Processor on the File Submission and Error Correction process pursuant to...

FIF/STA/Sifma CAT Matching Criteria Subgroup - Completed our deep dive discussion with the SROs on Tuesday, July 31. FIF CAT Working Group - Discussed items in scope for Phases 2a-2d of the proposed CAT Implemenation Schedule and formed and Ad Hoc subgroup on FDID.  FIF further reviewed the Matching Criteria's deep dive materials. FIF/STA/Sifma Error Correction Subgroup - Discussed examples provided demonstrating the challenges of CAT’s current requirement that file scans will stop after the 10% error threshold and potential recommendations. Additionally, we...

Goldman Sachs is among seven major dealers to support IHS Markit’s trade processing service for OTC derivatives as the Libor benchmark is phased out. IHS Markit said that the first wave of OTC derivatives trades using the Libor replacement, Secured Overnight Financing Rate (SOFR), deployed MarkitSERV to match, confirm and straight-through process transactions for clearing and regulatory reporting. According to a story in The Trade, seven major derivatives dealers, including Goldman Sachs, have completed SOFR trades with MarkitSERV, for both cleared and non-cleared, as well as...