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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 111
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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 64
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Bank of England and FCA to launch joint Digital Securities Sandbox

The TRADE

Examples of financial instruments which could be issued and traded in the DSS include equities, corporate and government bonds, and money market instruments.

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

The TRADE

“The tick size proposal, in name only, is simple and one-dimensional, but in practice, there are changes to rebates, there are changes to pricing tiers, there are changes to odd lot data that’s being disseminated,” says Eric Stockland, managing director, electronic trading for BMO Capital Markets. “This is like a big plumbing change and it’s (..)

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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 120
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Unpacking the 20 most impact financial regulations from the last 20 years

The TRADE

Its impact on the financial market has been wide-ranging, altering banks’ trading strategies, market liquidity, and overall financial market structure. ESMA’s rules on AI: AI has been an ever-important theme across the capital markets sphere with regulators looking to ensure innovation does not lead to market disruption.

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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