Goldman Sachs, JPMorgan Chase and Morgan Stanley are teaming with SmartStream to create a new reference data utility, providing validation across all asset classes while sharing operations and technology costs.
Google Alphabet is to participate in a new round of funding for bank-backed messaging platform Symphony, valuing the startup at $650 million.
Nomura Securities is to investigate the use of distributed ledger technology in a joint project with IT supplier and consultancy The Nomura Research Institute.
An initiative to create a set of global standards for the use of distributed ledger technology in financial markets has picked up momentum, with another 13 major banks - including BofA, Deutsche Bank and HSBC - throwing their weight behind the plan.
Large banks could save up $4 billion each year by adopting a shared utility model for trade processing, according to a study by Broadridge.
The International Swaps and Derivatives Association is working with a consortium of 18 buy-side and sell-side institutions to create an open source standard derivatives product identification system.
Saxo Bank is to give traders and developers access to its trading infrastructure via a new Rest-based open API, ushering in a new era of collaborative innovation.
Nine of the world's largest banks are backing an initiative to create a set of global standards for the use of distributed ledger technology in financial markets.
Deutsche Bourse has delayed the launch of its planned Asian exchange and clearing house by 18 months, prompted by recent market turbulence and troublesome software issues, Reuters reports.
Five financial services heavyweights have joined in a $30 million funding round for blockchain startup Chain, which is aiming to overturn Wall Street conventions for the issuing and handling of financial securities.
Interdealer broker Icap has made a 'transformational' investment in regulatory reporting outfit Abide Financial.
© Finextra Research 2015