Broadridge Financial Solutions, Inc. has completed the acquisition of FundAssist Limited, a regulatory, marketing and sales solutions service provider to the global investments industry.  Based in Dublin, Ireland, FundAssist is a natural extension of Broadridge’s governance and communications business and brings a suite of capabilities to enable the composition, management and distribution of digitized regulatory and disclosure documents for global fund managers distributing in Europe. FundAssist’s data-driven, end-to-end solution includes support for Key Information...

Access Fintech announced that Liquidnet, a global institutional trading network, is now using AccessFintech’s Business Operations Center. This platform provides the opportunity to aggregate and manage internal systems’ and external providers’ exceptions and to monitor and profile risk across asset classes. This service is designed to enable users to monitor risk in a single visual dashboard, thereby identifying any exceptions more quickly and reducing potential risk. Using AccessFintech, companies can expand on its risk management processes and offer management a top down...

Cboe Global Markets, Inc. announced that it is now providing its EDGX Depth real-time stock quote and trade information to dxFeed Bookmap; a full order book pattern detection and analysis software. The EDGX Depth feed is a market data product from Cboe Global Markets that provides quote and trade information for market participants looking for real-time market data for the U.S. equities market. With EDGX Depth data, dxFeed Bookmap now provides deeper insights in the U.S. equities market for both professional and retail subscribers. dxFeed Bookmap visualizes historical order book on the fly...

The DTCC announced a timetable for the first phase of settlement optimization, a significant enhancement aimed at removing an entire market day of settlement exposure without eliminating a calendar day from the standard trade settlement process. Based on the support and feedback from the Settlement Optimization Working Group, DTCC is taking a phased approach to the implementation of Settlement Optimization, beginning with Night Cycle Re-engineering. By focusing initially on re-engineering, the night cycle, a processing batch occurring in the overnight hours, DTCC seeks to significantly...

Last week SIX launched its new international microwave-based trading connections in Europe. The Swiss exchange offers the service through its new Zurich-based joint-venture 12H AG (“12H”) with the shareholders of the microwave solutions provider 12Horizons Pte Ltd. Microwave technology allows trade data for all securities listed at SIX to be transmitted more than twice as fast as connections based on commonly used fiber optic technology. SIX is the first exchange worldwide to own and operate an international microwave network in Europe. The new microwave network from SIX...

Cboe Global Markets, Inc. announced the expansion of its Market Data Services team with two appointments in its London office. Richard Barden has been appointed as Director, Market Data Sales and Stephen Dorrian has been appointed Director, European Market Data. Mr. Barden is responsible for the expansion and distribution of Cboe’s Market Data offerings throughout Europe and the Middle East. Mr. Dorrian is responsible for the commercial management of Cboe’s European Equities market data business globally, including sales and policy. Cboe offers a global suite of market data...

Thomson Reuters has expanded its North American wealth management brokerage processing platform, BETA, to include automated international post-trade processing for multi-market and multi-currency securities, representing a significant advancement in a continuous effort to better serve both retail and institutional clients. Powered by NRI’s I-STAR/GX platform, Thomson Reuters North American BETA customers will now benefit from automated settlement and straight-through processing of trades executed across all markets, through a high-volume solution with a single-stock record across all...

FIF has been featured in an article by Intelligent Trading Technology on CAT Implementation. To view the article, please click here.

Deutsche Bank's research unit has unveiled an interactive web tool that uses big data in an effort to quantify the importance of intangibles, such as environmental and social issues, on stock prices. The bank notes that by 2020 about 1.7 megabytes of new information will be created every second for every human being on the planet, with the number of smart devices set to pass 50 billion.  Inevitably, data will not only become more available, but also more important, prompting Deutsche Bank to establish a platform called Data Innovation Group (dbDIG), that taps into the power of...