Reuters has announced that it will open a new bureau in Shenzhen, China, later this month. The new bureau reflects Reuters commitment to reporting on China and its moves to bolster business and company coverage in China and around the world. The Shenzhen bureau will be headed by Reuters new South China Correspondent, Sue-Lin Wong. Originally from Sydney, Australia, Sue-Lin joined Reuters in 2014 and has been based in Beijing since late 2015, covering economics and general news. 

Stacey Cunningham, NYSE’s chief operating officer, has become the Big Board’s 67th president, according to The Wall Street Journal. She started her new role last Friday, succeeding Thomas Farley, an ICE veteran who is leaving the Atlanta-based company. Mr. Farley will become head of a new special-purpose acquisition company. Ms. Cunningham first came to the NYSE in 1994 as a summer intern. Ms. Cunningham has spent her entire career in the world of stock trading. Two years after her 1994 internship, she joined the NYSE floor. She started as a floor clerk, taking down orders and...

Thomson Reuters Corp has announced that it will transfer its USD 300 billion-a-day foreign exchange derivatives trading business to Dublin from London ahead of Britain’s departure from the European Union next year. Thomson Reuters intends to transfer all “existing client relationships of the Thomson Reuters MTF and Dealing, as well as Fixed Income Callouts and Auctions, from RTSL to our new Irish legal entity ahead of the Brexit date.” The company had said that there were no plans to move staff from London but that some new personnel would be hired in Dublin.

SIX is entering a strategic partnership with Worldline in the cards business (merchant acceptance & acquiring, and international card processing). SIX will bring the existing cards business into the partnership and will receive a 27% stake in Worldline. SIX Payment Services and Worldline complement each other very well in terms of geography and product offering. The combined company will be the leading and largest European provider in the payments industry. The transaction is expected to close during the last quarter of 2018.

The Tel Aviv Stock Exchange (TASE) is the first global player in the Israeli market to embed blockchain technology into its operating business, utilizing it as the technological basis of a new Securities Lending Platform. Securities Lending is currently executed in the capital market, primarily using inter-bank mechanisms within, and if necessary outside, banking group limits. As a result, the market has not been fully exploited to satisfy the potential needs of economic agents. The purpose of this project is to create one central platform that will transform the Securities Lending market...

Nordic financial services group SEB has selected recently merged Itiviti and ULLINK to implement a solution for client quote management and systematic internalization as required by Markets in Financial Instruments Directive II (MiFID II). The solution allows a broker acting as a Systematic Internalizer (SI) to comply with MiFID II requirements addressing quote management, pre-trade transparency, reporting and best execution.

Broadridge Financial Solutions, Inc. announced that the U.S. Patent and Trademark Office granted U.S. Patent No. 9,967,238 (the “238 Patent”) on blockchain technology that will enhance the processes for proxy voting and repurchase, or repo, agreements. Building upon Broadridge’s blockchain-based bilateral repo pilot with two global investment banks, the “238 Patent” demonstrates how Broadridge’s technology can streamline reconciliation processes, improve data management and reduce non-value-added costs. It will also expand Broadridge’s...

J.P. Morgan Chase & Co. is experimenting with the way blockchain could help cut costs and facilitate smoother transactions within capital markets, where securities are bought and sold. According to a story in The Wall Street Journal, the bank demonstrated a prototype of its blockchain-based platform for capital markets, called Dromaius, at the Consensus 2018 conference. A team of employees will work this year on overcoming challenges related to integrating and scaling the technology before deploying it to customers, said Christine Moy, executive director and head of J.P. Morgan’s...

Cboe Global Markets, Inc. announced the successful migration of Cboe C2 Options Exchange (C2) to its proprietary Bats technology, marking the latest step in the company's multi-exchange, multi-year technology integration. Trading on the new technology platform opened at 8:30 a.m. CT on Monday, May 14. New and enhanced features of the platform include better order handling and functionality, expanded support for complex orders, superior risk management and execution cost tracking; enhanced market data with microsecond timestamps, new feeds and greater post-trade visibility; robust tools,...