Stock exchange operator IEX Group has asked U.S. regulators to approve a new corporate listings program that would hold listed companies to stricter standards of corporate governance designed to put long-term growth ahead of short-term profits. According to a story in Reuters news, IEX filed the request in the name of the Long-Term Stock Exchange (LTSE), a Silicon Valley-based startup that plans to one day launch its own exchange. The LTSE listings rules concern things like executive compensation, disclosure, shareholder voting and board, and stakeholder policies. IEX filed rules with the...

Liquidnet, the global institutional trading network, announced the launch of Best Ex Replay, the newest addition to the Liquidnet Virtual High Touch suite powered by data and analytics from OTAS Technologies. Best Ex Replay enables traders to recall precise market conditions to explain the context of execution decisions, investigate orders that experienced exceptional market conditions, and to help their firm meet regulatory reporting requirements such as MiFID II. It also enables traders to provide detailed execution feedback to Portfolio Managers. When a trader uses Best Ex Replay to...

Cboe Global Markets, Inc. announced that Cboe DataShop has added Wall Street Horizon’s corporate event data to its range of offerings, arming customers with a more robust data offering and the tools to better leverage corporate event intelligence. Cboe DataShop customers now have access to Wall Street Horizon’s more than 25 corporate event types, including earnings dates, conference calls, dividend dates and investor conferences. Cboe DataShop provides users with direct access to a comprehensive set of market intelligence for options, equities, indexes and exchange-traded...

FIF has been featured in Traders Magazine for our involvement in the CAT NMS Operating Committee's Industry Member Technical Specification Working Group.  To view the article, please click here.

CQG, Inc., a global provider of trading, market data, and technical analysis tools, announced a new partnership with Nasdaq Futures (NFX) to provide a trading solution for clients trading NFX products.  NFX, leveraging CQG Desktop for its trading system, now makes that offering available with zero fees, providing direct trading access of NFX listed products to its clients. NFX traders can now take advantage of the lower execution rates without any CQG execution fees.  

Four financial companies including Citigroup Inc. and online lender Kabbage Inc. said they have formed a consortium to address fintech firms’ cybersecurity risks, a sign of the industry’s growing links to traditional banks and insurers. The consortium, which was created in response to recommendations in a World Economic Forum report, also includes Zurich Insurance Group and Depository Trust & Clearing Corp., a U.S. securities clearinghouse. The group’s first objective will be to come up with a set of criteria allowing fintech companies to evaluate the level of their...

Cboe Global Markets, Inc. announced that Cboe Europe was registered on March 5, 2018 as a Benchmark Administrator under the EU Benchmarks Regulation (BMR). Cboe Europe’s suite of European indices are now BMR compliant. As a Benchmark Administrator, Cboe is required to implement high standards of governance, oversight and transparency with respect to the provision of its indices, allowing them to be used as Benchmarks within the framework of the BMR. Cboe launched its European index business in June 2016.  

The Board of Directors of Itiviti AB announced that the transaction to merge the company with ULLINK was completed on March 14, 2018. With annual sales exceeding $200 million, 1,000 employees and a local presence in major financial markets across Europe, Asia-Pacific and the Americas, the combination of Itiviti and ULLINK creates a full-service technology and infrastructure provider for global and regional financial institutions. The Board has appointed Torben Munch as Chief Executive Officer of the combined entity.   

Goldman Sachs Group Inc. said David Solomon will become sole president of the company, elevating him over Harvey Schwartz as the eventual successor to Chief Executive Officer Lloyd Blankfein.  Schwartz will leave the bank on April 20, and Solomon will serve as the sole president and chief operating officer, the New York-based bank said in a statement Monday. The firm’s board discussed the idea of choosing a single COO under Blankfein at a meeting in February and settled on Solomon, according to a person with knowledge of their...