Alan Polo, Head of Business Development, Americas, said: Our goal has always been to leverage technology and service to help the buy side solve their liquidity and execution challenges. This way of thinking led us to introduce Surge Capture six years ago, which continues to be one of the most innovative features in the market.…
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Adrian Ip, Managing Director, Aquis Technologies, said: With the ability to run an exchange system without the need for shut-down, our ambition to offer “exchanges as a service” has now become a reality. In the past, exchange technology providers have always been limited by the fact that different exchanges have different time zones and therefore…
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Chris Isaacson, Executive Vice President and Chief Operating Officer, Cboe Global Markets, said: This required migrating Chi-X's platform to Cboe technology, enabling Australian customers to benefit from our world-class innovations and seamlessly accessing Cboe's diverse markets, asset classes, data and product suite with greater ease and efficiency. Vic Jokovic, Chief Executive Officer, Cboe Australia highlighted…
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Digital asset venture in Q2 With CobaltFX solely interested in the forex industry, the company’s digital asset (DA) division falls outside the product offering. However, CobaltFX’s ascending CEO Marc Levin highlighted that the growing digital asset space makes the new venture “the next thing banks will want.” Levin, said: We believe both opportunities are huge…
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Clearstream states that traditional collateral management has relied heavily on manual processes, which has resulted in inefficiencies, high costs, and errors. As a result, market participants are always looking for ways to simplify the process, minimize errors, and improve efficiency. Priya Sharma, Head of Data & Connectivity at Clearstream, said: Due to the current changing…
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FDIC and First-Citizens Bank & Trust Company also agreed on a “loss-share transaction” for commercial loans that were acquired from the former Silicon Valley Bridge Bank. Under this agreement, any losses or recoveries on loans covered by the loss-share agreement will be shared between the two parties. The purpose of this arrangement is to ensure…
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State Street’s Global Head of Portfolio, Dan Morgan, said: Market volatility , margin compression, increased regulation, and cost pressures have presented multiple challenges for investment managers. Survival and growth depend on the ability to streamline processes, reduce costs and integrate infrastructure to allow more focus on core competencies of investment selection and alpha generation. With…
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SVB Financial filed for bankruptcy protection on Friday, approximately a week after the closure of Silicon Valley Bank, which was the most massive US bank failure since the 2008 financial crisis. Silicon Valley Bank Germany Branch began providing lending services to local clients in 2018, but did not offer deposit services. BaFin classified the branch…
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Cboe's acquisition of BIDS Trading, the largest block-trading alternative trading system (ATS) by volume in the US, in 2021, gave the operator of one of the largest derivatives exchanges in the US, Cboe, further access to the expanding world of off-exchange trading. Cboe BIDS has already established subsidiaries in Europe and Canada, with Cboe BIDS…
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Regulators elsewhere are attempting to minimize the damage, and the European Banking Authority, The Single Resolution Board, and the ECB Banking Supervision committee issued a joint statement. They said: The resolution framework implementing in the European Union the reforms recommended by the Financial Stability Board after the Great Financial Crisis has established, among others, the…
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