NEW YORK and LONDON, Oct. 22, 2021 /PRNewswire/ — S&P Global (NYSE: SPGI) and IHS Markit (NYSE: INFO) today announced that they have received a conditional Phase 1 approval for their $44 billion merger from the European Commission (EC), marking another significant step toward the combination of these highly complementary companies.

“The European Commission’s decision provides clarity on the steps we will need to implement to complete our combination,” said Douglas L. Peterson, President and Chief Executive Officer of S&P Global. “Once concluded, I expect the merger of these two great businesses to accelerate innovation within our core services and generate exciting new opportunities that deliver on our capacity to power the markets of the future.” Read More

London, November 05, 2021 –Exchange Data International (EDI) will provide market participants with Foreign Marginable Securities (FMS) data that determines portfolio margin eligibility for non-US securities.

Earlier this year the OCC decided to discontinue their Foreign Marginable Securities daily feed. This program will now terminate as of November 12, 2021. The purpose of the feed was to list securities trading on non-US markets that have a “ready market” position. Read More

It has certainly been an eventful year with Covid-19 reverberating around the world, accelerating some trends and igniting others. Meanwhile, exchanges continue forging ahead, striking new deals and looking for growth opportunities. Despite the evolving backdrop, accessing liquidity remains a constant challenge in fixed income markets and participants are relying on an ever-wider array of tools to corral it in. Read More

Although a shared experience, the COVID-19 pandemic has varied greatly across Asia-Pacific with financial hubs, such as, Singapore, Hong Kong, Japan and Australia all taking different approaches with the one constant being the rapidity of the transition to remote working. In many instances, “organizations have seen two years’ worth of digital transformation in two months” (Microsoft CEO, Satya Nadella), from remote teamwork and customer service to critical cloud infrastructure and security. Even more so, the overnight shutdown of trading floors demonstrated the resilience and ability as well as the capacity and flexibility of trading technology when put under stress. Read More

There has been a tremendous amount of change in the way in which we work in the last 18 months.  The financial services industry is no different. However, thanks to the strong vaccination efforts which are currently taking place around the world, there is now a sense of hope that life could soon return to ‘normal’… Continue Reading