The London Stock Exchange has inked a deal with Boat Services to build a MiFID II-compliant multi-asset reporting platform.
The Financial Industry Regulatory Authority (Finra) is warning investors about a surge in the use of messaging tools like WhatsApp by pump-and-dump scammers.
SunGard has issued a public apology to custody bank BNY Mellon for the outage of its InvestOne accounting system used by the bank to price thousands of funds.
A US district court judge has thrown out a lawsuit brought against Barclays and a number of US exchanges that accused the bank of rigging its dark pool in favour of high frequency traders (HFTs).
BNY Mellon and its fund manager clients are scrambling to assess the damage caused after a third party system run by SunGard and used by the bank to value assets worth billions of dollars broke down.
Almost half of asset managers are still reliant on costly manual processes to manage complex derivatives creating a dangerous level of operational risk according to a report from buy-side systems vendor SimCorp.
Financial data outfit Markit has agreed to buy DealHub, a provider of trade processing and trading services to the foreign exchange market. Financial terms were not disclosed.
The Legal Entity Identifier (LEI) project, whereby every counterparty in a financial transaction is issued a unique code, is suffering from a lapse rate of 20% according to research from entity data provider Alacra.
Wall Street and City firms now have a new tool to help them sift through thousands of job applications: a virtual trading platform that uses social gaming, psychology and machine learning techniques to test candidates' mettle.
The British futures trader accused by US authorities of contributing to the 2010 "flash crash" has been freed on bail by a London court.
Swiss financial infrastructure provider SIX Group has set up a fintech incubator to work with startups on evaluating and developing innovative new products and services for the financial services industry.
© Finextra Research 2015