News Centre

TMX Group CEO Lou Eccleston To Present At Barclays 2017 Global Financial Services Conference

Date 07/09/2017

TMX Group CEO Lou Eccleston will present at Barclays 2017 Global Financial Services Conference in New York.

Former Citi Vice Chairman Lewis Kaden Joins Baton Systems Advisory Board - Payments Start-Up Builds Infrastructure To Support Strong Demand From Top Banks

Date 07/09/2017

Baton Systems (“Baton”, formerly known as Ubixi), the industry’s fastest, on-demand, and highly secure platform for clearing, settling and managing payments between financial institutions, has appointed former Citigroup Vice Chairman Lewis B. Kaden to its Advisory Board. He joins Arjun Malhotra, Co-Founder of HCL Technologies and Headstrong, as the newest addition to Baton’s Advisory Board.

CDCC Introduces Direct Clearing For Canadian Buy Side Firms

Date 07/09/2017

Canadian Derivatives Clearing Corporation (CDCC), Canada's national central clearing counterparty (CCP) for exchange-traded derivative products, certain over-the-counter (OTC) products and repurchase agreements (repos), announced today a proposal to expand its fixed income service to enable certain Canadian buy-side firms to clear cash or repos trades directly through CDCC. CDCC’s new direct-clearing model seeks to extend the range of significant benefits associated with CCP clearing, including capital, margin and collateral efficiencies to a new membership category called Limited Clearing Members (LCMs).

Intercontinental Exchange To Provide Wireless, Ultra-Low Latency Connectivity Between Chicago And Tokyo With Go West Network

Date 07/09/2017

Intercontinental Exchange (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, and Go West, a consortium of leading global trading firms collaborating to create efficient access to global financial markets, will offer ultra-low latency wireless connectivity between markets in Chicago and Tokyo. When the Go West service is launched in the fourth quarter of 2017, ICE’s Secure Financial Transaction Infrastructure (SFTI®) wireless networks will offer the most extensive ultra-low latency network connectivity solutions among the New York, Chicago, Toronto and Tokyo metro areas.

Franklin Templeton Investments To Become New Smart Beta ETF Issuer On Xetra - Franklin LibertySharesTM Range Gives Investors Access To Smart Beta ETFs

Date 07/09/2017

Four exchange traded funds issued by Franklin Templeton have been tradable on Xetra and Börse Frankfurt since Thursday. The new ETFs allow European investors to participate in the performance of Franklin LibertyQ indices for the first time.

Principal Global Investors Selects Visible Alpha And ITG For Equity Research Valuation And Payment Administration

Date 07/09/2017

Principal Global Investors  (PGI) announce an enhanced process globally for managing equity broker and research evaluation and consumption through the selection of Visible Alpha’s ONEaccess platform and ITG, a leading independent broker and financial technology provider. The combination of these tools allows the firm to increase monitoring and transparency of their research processes creating additional efficiencies across their global equity products while also allowing the firm to meet their MiFID II requirements.

ECB Monetary Policy Decisions

Date 07/09/2017

At today’s meeting the Governing Council of the ECB decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.40% respectively. The Governing Council expects the key ECB interest rates to remain at their present levels for an extended period of time, and well past the horizon of the net asset purchases.

LCH SwapAgent Completes First Trades

Date 07/09/2017

• Citi and Deutsche Bank execute first trades via LCH SwapAgent
• Service is latest innovation from LCH, introducing new efficiencies for the non-cleared derivatives market
• Designed to standardise and streamline OTC market infrastructure
• Plans to expand offering to include cross-currency swaps in Q4 2017
• 14 dealers have confirmed support for the service

Bursa Malaysia Wins ‘Best Islamic Exchange 2017’ At The Global Islamic Finance Awards In Kazakhstan

Date 07/09/2017

Bursa Malaysia Berhad (“Bursa Malaysia” or “The Exchange”) was named the ‘Best Islamic Exchange 2017’ at the Global Islamic Finance Awards 2017 held on 6 September 2017 in Astana, Kazakhstan. The award was presented in recognition of Bursa Malaysia-i, the world’s first end-to-end Shariah investing platform which was launched a year ago.

BNP Paribas Asset Management Acquires A Majority Stake In Gambit Financial Solutions, A Leading European Provider Of Robo-Advisory Investment Solutions

Date 07/09/2017

BNP Paribas Asset Management (BNPP AM) is adding state-of-the-art digital-advisory services to support and enhance the digitalisation of its distributors through the acquisition of a majority stake in Gambit Financial Solutions (Gambit), in line with its objective to further expand its innovative offerings. Gambit, a well-established Belgian Fintech, has developed a unique capability to significantly transform client journeys with advisory-guided or fully autonomous interfaces. Gambit will maintain its independence, which has led to its success. It will extend its client footprint by becoming the preferred partner for robo-advisory solutions for BNP Paribas Group’s Retail and Wealth Management networks.