Bank of New York Mellon is working to provide accurate closing prices for certain mutual funds and exchange traded funds affected by a glitch Monday in the SunGard Data Systems technology that BNY Mellon uses to generate net asset values.
The recently launched Nasdaq Futures Exchange (NFX) is partnering with OptionsCity Software for settlement pricing for derivatives contracts traded on the exchange.
It wasn't the "flash crash," but the rout of equity markets that began Monday offered a glimpse of how the market's technology infrastructure stands up to sudden volatility.
Societe Generale Securities Services (SGSS) has chosen the Figaro platform from JHC to be the foundation of its fully-integrated wealth and investment management outsourcing solution. The platform will help SGSS scale and add new services to the solution that it first rolled out in September.
Financial information services company Markit has acquired DealHub, a provider of trade processing and trading services for the foreign exchange market, as part of a continued push to create an end-to-end FX offering. The announcement of the acquisition comes weeks after Markit announced the launch of a centralized FX trade confirmation service.
Liquidnet reportedly already has 120 U.S. firms signed up for its planned end-of-September launch of its corporate bond dark pool. The company says that the firms signed up thus far represent 50...
SunGard is once again about to be part of a large financial technology powerhouse that has grown through acquisition, but this time it is the acquisition target rather than the acquirer. Fidelity National Information Services' (FIS) acquisition of SunGard Data Systems will create a combined company that is expected to have more than $9.2 billion in revenues and more than 55,000 employees spread across more than 100 countries.
Neptune, the non-profit utility for sharing information on corporate bond inventories, is now live with a working production pilot. The project, which already had the backing of 25 institutions in January when it was first publicly announced, now has the support of 42 participants, including 27 buy-side and 15 sell-side firms.
BATS Global Markets has received approval from the U.S. Securities and Exchange Commission (SEC) to launch EDGX Options, the exchange operator's second options market. With that regulatory hurdle...
Fidelity National Information Services (FIS) is reportedly in exclusive talks to buy SunGard Data Systems Inc. in a deal that may be valued at more than $8.3 billion, according to multiple news reports. SunGard Data Systems, which split from its availability services business last spring, was part of a financial technology giant continually on the acquisition path a decade ago.