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FIS acquires post-trade platform Torstone Technology

The TRADE

Fintech giant FIS has acquired SaaS post-trade platform Torstone Technology, according to multiple sources close to the matter. The deal will further bolster FIS’ capital markets technology offering, having acquired SunGard in a major deal back in 2015.

Trading 109
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Bank of England and FCA to launch joint Digital Securities Sandbox

The TRADE

The Bank of England (BoE) and the UK Financial Conduct Authority (FCA) are working together to operate a new Digital Securities Sandbox (DSS) – a regime that will allow firms to use developing technology in the issuance, trading and settlement of securities.

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Baader Bank becomes latest trading member to join Spectrum Markets

The TRADE

Pan-European trading venue for securities Spectrum Markets has welcomed Baader Bank as a new trading member. Nicky Maan Baader Bank has been trading securities for over four decades, offering its partners and institutional investors access to capital markets through integrated trading platforms.

Trading 62
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The SEC’s equities overhaul: Necessary plumbing changes or a liquidity drain?

The TRADE

The four separate rulemakings put forward by the US Securities and Exchange Commission (SEC) in December last year represent the most significant attempt to revamp market structure for US equities in recent memory. The development of the current rules was informed by technological capabilities that today seem hopelessly archaic. “The

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The 20 greatest trading innovations

The TRADE

While perhaps not one of the most exciting aspects of the trade lifecycle, settlement is a central process that acts as a pillar for the capital markets. The settlement period relates to the space of time between the trade date and the settlement date when a trade is considered complete.

Trading 118
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Unpacking the 20 most impact financial regulations from the last 20 years

The TRADE

On 30 June 2023, Livor was replaced by the Secured Overnight Financing Rate (SOFR). Traditionally, many securities transactions have settled on a T+2 basis, in which buyers receive ownership of a security and the seller receives payment two business days after the trade date.

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The TRADE’s most read stories of 2024, part one: M&A, quant moves, and outsourced trading remits

The TRADE

As revealed by The TRADE and sister publication Global Custodian in February, fintech giant acquired SaaS post-trade platform Torstone Technology. The deal will further bolster FIS capital markets technology offering, having acquired SunGard in a major deal back in 2015.

M&A 52