News Centre

ICE Awarded $155 Million For PennyMac Misuse Of Black Knight Confidential Information In Mortgage Servicing Software

Date 05/12/2023

Intercontinental Exchange, Inc. (NYSE:ICE) a leading global provider of data, technology and market infrastructure, announced that an arbitrator has found PennyMac Loan Services engaged in unauthorized use of Black Knight’s confidential information in building the PennyMac Servicing Systems Environment (SSE). The arbitrator awarded more than $155 million dollars, plus interest and attorneys’ fees to Black Knight based on PennyMac’s conduct.

November 2023 Figures At Eurex

Date 05/12/2023

• Total Eurex volume grew by 18 percent in November year-on-year.
• Total repo volumes up 65 percent to EUR 402 billion plus a new record high in term-adjusted repo volume.
• Notional outstanding in OTC Clearing up 16 percent year-on-year in November.

IPC Accredited As AWS Direct Connect Partner - Hosted And Dedicated Connectivity On AWS

Date 05/12/2023

IPC is delighted to announce its certification as an accredited Amazon Web Services (AWS) Direct Connect Partner. As a member of the AWS Partner Network (APN), IPC can offer efficient and effective access to AWS resources, and other AWS Partners through its award-winning Connexus Platform, to an extensive global financial markets customer base to support electronic trading activities and market data management.

New Study Shows Broker Research Pricing Is Wildly Inconsistent - Latest Substantive Research Study Reveals Some Buy Side Firms Are Paying Almost Three Times More Than Peers, For Identical Levels Of Service And Access From The Same Providers

Date 05/12/2023

• Some large asset managers are paying 190% more than others for comparable investment research services from the same broker, with the average difference at 70%
• Some smaller asset managers are paying 160% more than others for the same levels of service and access from the same broker
• Bulge bracket and premium research-driven brokers have more inconsistent pricing of identical services - their average range is 60%, as opposed to 49% for niche sell side firms

Exchange Data International And MT Newswires Offer Live Briefs PRO Global Market Service

Date 05/12/2023

Exchange Data International (EDI), a leading financial and economic data provider, is today announcing a partnership with MT Newswires to offer real-time global business and financial news to EDI’s clients.

Dubai Future District Fund Unveils Ambitious Commitment: Allocating Up To 20% Of AED 1 Billion Fund To Climate Tech, Pledges Leadership At COP28

Date 05/12/2023

The Dubai Future District Fund (DFDF) has reinforced its commitment to sustainability by earmarking up to a substantial 20 percent, equivalent to AED 200 million, of its AED 1 billion fund for supporting climate technology and innovation. This momentous announcement, made on COP28's Finance Day, underscores DFDF's pivotal role in fostering a sustainable and innovative future, aligning with the United Arab Emirates' broader vision for economic diversification and sustainable development.

Borsa İstanbul Announces The Constituent Changes To The BIST Buyback Index For The December Of 2023

Date 05/12/2023

Borsa İstanbul announces the constituent changes to the BIST Buyback Index for the December of 2023

ACER To Decide On The Changes To The Core And Italy North Electricity Capacity Calculation Regions

Date 05/12/2023

On 30 November 2023, Transmission System Operators’ (TSOs) submitted to ACER their proposals for amending the definition of two European Capacity Calculation Regions (CCRs).

Euronext Announces December 2023 Quarterly Review Results Of The AEX® Family

Date 05/12/2023

Euronext today announced the results of the December 2023 quarterly review for the AEX®, AMX®, AScX® and AEX® ESG, which will be implemented after markets close on Friday 15 December 2023 and will be effective from Monday 18 December 2023.

FlexTrade Links With BTON Financial For AI-Powered Trading Automation - FlexTrade Clients Can Leverage Cutting-Edge Technology For Advanced Decision-Making

Date 05/12/2023

FlexTrade Systems (@FlexTrade), a global leader in multi-asset execution and order management systems, and BTON Financial,  a leading provider of data collaboration and order routing decision technology, has today announced a new integration to deliver users of FlexTRADER EMS with seamless access to AI-driven broker selection suggestions to assist with improving best execution performance.