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  • Financial firms wrestle with fourth-party risk

    In manufacturing, companies are traditionally worried about every component of their supply chain, assessing each component's performance level and susceptibility to failure. As spectacular cyber breaches and technical glitches make headlines, financial firms that have outsourced portions of their infrastructures as cost-saving measures are now looking at their supply chains with that same critical eye.

Challenging the logic of frequent batch auctions

As CEO of a trading venue that has long used electronic auctions as its signature trading method, PDQ chief executive Keith Ross might seem like an unlikely person to challenge a proposal to replace central limit order book trading with frequent batch auctions. But for Ross, not all electronic auctions are created equal.

 

Moscow Exchange plans move to Tier III-certified data center

Moscow Exchange is beginning a relocation of its primary data center to a Tier III accredited facility, with plans to be fully operational by mid-2016. The move will give the exchange more space and internationally-recognized data center certification to continue to attract and support its growing western client base.

BSE boosts performance, monitoring and time synchronization with Solarflare

BSE Ltd., formerly known as Bombay Stock Exchange, is deploying intelligent network I/O software and hardware from Solarflare to boost the performance, stability and precision timing of the exchange's trading platform.

Purchase of Visa Europe could cost $10 billion and adversely affect operations, Visa says

Visa Inc. says a purchase of Visa Europe from the banks that own it could cost $10 billion and result in a "material and adverse effect on operations and net income," according to an annual report filed with the Securities and Exchange Commission. The company puts the likelihood that European banks would exercise their options to sell Visa Europe to the U.S. card company at 40 percent.

BNY Mellon and CME Group partner to offer new interest rate hedging tool

In a newly announced partnership, CME Group will introduce new futures for hedging risk on short-term collateralized loans and other nearly risk-free interest rate exposures, based on indices created by BNY Mellon. BNY will provide daily U.S. tri-party repo indices that reflect overnight interest rates on tri-party repo transactions collateralized by U.S. Treasuries, agency mortgage-backed securities and U.S. agency debt.

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