Another year and another record global spend on the market data and information that enables financial market trading and global investment. Read TRG Screen’s newest blog here.

Data sources are multiplying, as are the policies on how they can be used, leaving market data teams trying to outrun an avalanche of commercial complexity as they strive to optimize their use of this vital information. Read TRG Screen’s blog here.

Download a new survey report to find out more about:

• What is the state of cloud-based data management?
• Data management used as an enabler to be more effective in fueling business processes.
• What are the most significant cloud data management challenges?
• The impact of moving functions to the cloud and cloud native data warehouses (such as the Snowflake Marketplace and the AWS Data Exchange).

Read full report here.

For the world’s financial exchanges, demand for data in real-time and accessible-from-anywhere, is increasing. Innovation in security is rapidly progressing, to address the frequency and severity of security risks; and the need for an interconnected, seamless ecosystem connecting buyers and sellers is growing fast, as the number of specialists on physical trading floors is in decline. Plus, as with many industries, profit margins are being squeezed and organizations are looking to automate and digitalise. Exchanges, like other institutions in financial markets, are looking to the cloud to identify opportunities to streamline operations and drive innovation. Read Colt’s 10 Reasons Exchanges and Tech Partnerships Are Trending here.

The US dollar LIBOR panel ended on 30 June. The overnight and 12-month US dollar LIBOR settings have now permanently ceased. The 1-, 3- and 6-month US dollar LIBOR settings will continue to be published under a synthetic methodology. As we said in our 03 April decisions, we expect these settings to cease permanently at end-September 2024.

On 01 July, we published four technical legal notices to implement our decisions. We also published an announcement today to confirm the implementation of our decisions and reiterate our message that we do not want to see transition to so-called ‘credit sensitive’ rates.

We would also like to emphasise that synthetic US dollar LIBOR is only a temporary measure to allow firms some extra time to complete transition and it will be wound down permanently as with all other LIBOR settings. Firms should continue to actively transition contracts wherever possible.