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Thomson Reuters Announces Services to Assist Firms in MiFID II Compliance

Demonstrating a commitment to deliver a comprehensive suite of solutions to assist the financial services industry in complying with impending January 3, 2018, MiFID II reference-data requirements, Thomson Reuters has enhanced its reference-data capabilities, available on its integrated data and analytics delivery platform, DataScope. Thomson Reuters DataScope will deliver key regulatory content and will link crucial information, such as reference data, corporate actions, entity data, end-of-day data and intraday data in an insightful and actionable way for customers to meet MiFID II...

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ICE Announces Management Changes

Intercontinental Exchange (ICE) announced the promotion of several senior executives, effective immediately. Charles A. Vice has been named Vice Chairman, with continued responsibility for ICE’s global technology, information security and operations. He was previously President and Chief Operating Officer, and has served ICE and its predecessor company for over 23 years. Benjamin Jackson, formerly ICE’s Chief Commercial Officer, has been named President and will continue to report to Chairman and CEO, Jeffrey C. Sprecher. In this capacity, Jackson will coordinate...

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Broadridge Financial Solutions Opens Newark Office

Newark Mayor Ras Baraka and Tim Gokey, President and Chief Operating Officer of Broadridge Financial, hosted local officials at the opening of Broadridge Financial’s new office for its Global Technology & Operations division last week. Broadridge relocated its division and 1,100 associates from Jersey City. Broadridge specializes in advance communications, technology, operations, data and analytics solutions. The firm has an estimated $8 billion of market capitalization.

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Exegy Adds Support for Virtu Financial's Systematic Internalizer and IOI Feeds

Exegy Inc. a leading provider of managed services and technology for low-latency financial market data, has today announced the availability of new feed handlers for Virtu Financial’s Systematic Internalizer (SI) and Indications of Interest (IOI) data feeds, enabling transparent access to Virtu’s liquidity in European and US equities and ETFs. The new additions expand Exegy’s broad portfolio of over 200 feed handlers for real-time market data feeds from the leading execution venues and pricing sources across the globe.  “The addition of SI and IOI feed handlers...

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IHS Markit Launches Registry for Systematic Internalizers

IHS Markit, a world leader in critical information, analytics and solutions, announced the launch of a cross asset class registry of systematic internalizers (SIs) to help firms understand their trade reporting obligations under MiFID II. The service covers all asset classes covered by ESMA RTS 2, including bonds, all classes of OTC derivatives, equities and equity-like instruments and structured products. It was developed in consultation with the International Swaps and Derivatives Association (ISDA), broker-dealers, Approved Publication Arrangements (APAs) and other industry groups. SIs...

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Wells Fargo Launches Robo-Investment Service

Wells Fargo is rolling out a new robo advisory service to attract more of its retail clients to its brokerage arm, joining a growing number of firms leveraging the digital tools favored by many young investors today. The San Francisco bank said its Intuitive Investor product combines digital access to nonproprietary funds selected by its investment-research unit, with optional access to financial advisers at three call centers around the country. Clients need a minimum of $10,000 to open an account and will be charged an annual advisory fee of 0.50% of assets, in addition to any fees levied...

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CBOE Acquires Assets of Silexx Financial Systems

Cboe Global Markets, Inc. announced it has acquired the assets of Silexx Financial Systems, LLC, a Sarasota, Florida-based company that develops and operates a multi-asset order and execution management system (OEMS) that caters to institutional customers throughout the U.S. The acquisition is expected to provide Cboe customers with an additional channel to access data, analytics and trade execution tools across equity, options and futures markets worldwide.  Currently, through Silexx's broker-neutral network, both buy- and sell-side customers can access more than 40 global...

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Nasdaq and Bermuda Stock Exchange Sign Technology Agreement

Nasdaq Inc. and the Bermuda Stock Exchange (BSX) have signed a new agreement, with Nasdaq continuing to deliver its trading technology via the Nasdaq Financial Framework. Nasdaq’s market infrastructure technologies, including trading, real-time risk, index, clearing, CSD and market surveillance systems are operated in more than 100 marketplaces, regulators, clearinghouses and central securities depositories across the Americas, Europe, Asia, Australia, Africa, the Middle East and the Caribbean.

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ICE Completes Acquisition of BAML Fixed Income Index Platform

Intercontinental Exchange announced it has completed its acquisition of the Bank of America Merrill Lynch Global Research division’s fixed income index platform, which will become part of ICE Data Services. “We’re excited to expand the breadth and scale of our index offering to give customers increased choice of third party benchmark solutions,” said Lynn Martin, President and COO of ICE Data Services. “With the addition of these indices, we are able to offer a comprehensive portfolio that includes the addition of more than 5,000 global fixed income, currency...

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