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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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FIS acquires post-trade platform Torstone Technology

The TRADE

Some of its major recent mandates include a 10-year agreement to provide post-trade technology to BNP Paribas and $1.5 The deal will further bolster FIS’ capital markets technology offering, having acquired SunGard in a major deal back in 2015. The firm has also made waves through a number of other bolt-on acquisitions and landmark mandates.

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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.

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SPAC Trend Gives Rise to Securities Enforcement and Litigation Risks

Cooley M&A

In light of the trend, the US Securities Exchange Commission’s Division of Corporation Finance recently issued SPAC disclosure guidance. The combined company benefits from the target’s operations and the liquidity of the SPAC’s publicly traded securities. Why it matters.

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Expansion of US equity options consolidated tape go live delayed

The TRADE

Speaking to The TRADE, David Taylor, chief executive of trading infrastructure provider, Exegy, explained: “That’s an enormous amount of data. The post Expansion of US equity options consolidated tape go live delayed appeared first on The TRADE.

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People Moves Monday: Weekly round up

The TRADE

According to the internal memo seen by The TRADE, the bank is conducting a search for a permanent head of FX, with the expectation to fill the position in the coming weeks. Van Suchtelen joined LedgerEdge from boutique trading firm SFI Markets – formerly STX Fixed Income – where he was responsible for the Northern European market.

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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. “In