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.

London, UK 30th June 2023– Colt Technology Services, the digital infrastructure company, announced today the global availability of Colt Market Data in the Cloud, its multicast data service for Capital Markets, with leading cloud provider Amazon Web Services (AWS). Read the full press release here.

Generative artificial intelligence (AI) applications, like ChatGPT, have captured the headlines and imagination of the public. In the financial services industry, leaders and developers are eager to understand generative AI’s potential and put it to work.

Join a conversation with industry leaders from Accenture and NVIDIA alongside Amazon Web Services (AWS) as they discuss how generative AI will transform financial services, the risks and opportunities, as well as practical approaches to start exploring application of generative AI in their business. Register now and fast-track your AI journey. Register here.

Liftr Insights, a pioneer in market intelligence driven by unique data, reveals possible trends with NVIDIA. In particular, there are signals about when and where it may first appear in public clouds.

“The Hopper H100 is hot! We get a lot of questions from our clients about when, if, and where they will see it,” says Tab Schadt, CEO of Liftr Insights. “We can show them trends with past deployments to give clues about more current items.” Read the full article here.