CryptoCompare, the global cryptocurrency market data aggregator, has entered into a strategic partnership with Thomson Reuters. Under the agreement, CryptoCompare will integrate order book and trade data for 50 coins, sourced from a wide variety of exchanges, into Thomson Reuters financial desktop platform Eikon, providing institutional investors with insight into the crypto asset market as a whole. CryptoCompare provides real-time, high-quality and reliable market and pricing data on 5,000+ coins and 200,000+ currency pairs globally, bridging the gap between the crypto asset and...

Thomson Reuters has enhanced its Reuters Capital Markets 19901 (RCM19901) service with pricing sourced through Dealerweb and ICAP, providing its fixed income trading clients with a global rates offering to further enable their trading decisions. This is the first time that Tradeweb’s Dealerweb pricing will be available to the market, delivering pricing from leading market makers for the RCM 19901 service.  RCM 19901 offers US Treasury data from Dealerweb’s low latency central limit order book (CLOB), and USD interest rate swap and multi-currency information sourced...

Intercontinental Exchange, Inc. (ICE) announced its intention to launch a new open-architecture, centralized industry platform to facilitate creation and redemption orders for exchange-traded funds (ETFs). This new platform, expected to begin operations in 2019, subject to regulatory approval, will employ innovative functionality and establish standards to simplify the primary market trading process, which will bring more efficiency and transparency to the process. BlackRock will be one of ICE’s development partners and has executed a memorandum of understanding with ICE to support...

Manual Events Subgroup - Completed our deep dive discussion with the SROs.  FIF Cloud Technology Working Group - Held a group discussion on Cloud Cost Management & Implementation FIF Front Office Committee Meeting -  Focused on order management and trading system issues resulting from proposed rule changes (SEC, FINRA, SROs) and other initiatives impacting exchange traded equities and options, and OTC transactions. Find this month's agenda here. FIF Data & Technology Committee Meeting - This month's spotlight topic was presented by Bob Airo who updated us on...

Intercontinental Exchange announced that it has completed its acquisition of TMC Bonds LLC. The transaction was completed for $685 million in cash. TMC Bonds is a fixed income marketplace, supporting anonymous trading across multiple protocols, including click-to-trade and request-for-quote (RFQ). It will complement ICE’s suite of fixed income execution protocols and data solutions for various asset classes including Municipals, Corporates, Treasuries, Agencies and Certificates of Deposit.

FIA announced that Rise New York, created by Barclays, has joined the FIA Innovators Pavilion as a community partner. Rise New York will help FIA promote the Innovators Pavilion, FIA’s annual fintech showcase. This year’s FIA Expo will take place in Chicago on Oct. 16-18. Rise New York is part of the Barclays global open innovation platform. Through a network of connected sites in five of the world’s top fintech ecosystems, Rise delivers numerous programs that facilitate rapid engagement between Barclays and the Rise community in order to solve some of the biggest...

A paper on the impact of the Securities Financing Transactions Regulation (SFTR) reveals that transaction reporting for securities financing trades may create five times as many reports as trades when the regulation takes effect, which is expected in early 2020. The paper was jointly published by The Depository Trust & Clearing Corporation (DTCC) and its consultancy partner The Field Effect. The paper also highlights that SFTR is likely to significantly impact trade booking models and affect 60% of current processes resulting in the need to develop new processes....

Thomson Reuters Financial & Risk announced that following the closing of the strategic partnership transaction between Thomson Reuters and private equity funds managed by Blackstone, the Financial & Risk business will be known as Refinitiv. The closing of the transaction is expected to occur in the second half of 2018. The Financial & Risk business of Thomson Reuters serves over 40,000 institutions in over 150 countries. As a standalone company, it will continue to focus on providing data and insights, trading platforms, market data infrastructure and open technology platforms...

Manual Events Subgroup - Completed our final review of the deck and scenerios to be used in a deep dive discussion with the SROs later this week.  FIF CAT Spec Review Subgroup - The subgroup has completed a review of V0.3.1 of the Industry Member Reporting Specification and have our comments to ThesysCAT and the SROs. FIF CAT Working Group - Reviewed Manual Orders Deep Dive analysis/recommendations, recommendations presented to the SROs on OTC Equity Reporting Scenarios, and the FIF submitted comments on the July 10 Proposed CAT Implementation Approach. OMS-EMS Vendor...