WatersTechnology.com
Despite client concerns, LSE’s new Sedol fees take hold
Under the new fee policy, some of the largest users of the LSE’s identifier codes could see their Sedol spend more than double, though the exchange says the “vast majority” of clients will see no increase. Print this page
Five months into the rollout of a new pricing policy for its Sedol global identifier code, some of the London Stock Exchange’s data clients have not yet signed a declaration acknowledging the new fees. And while LSE officials say the number of holdouts is dwindling, some client firms and the industry associations that represent them continue to voice objections to the new policy.
A kick in the privates: In-demand unlisted stock trading faces tech, transparency challenges A kick in the privates: In-demand unlisted stock trading faces tech, transparency challenges
Private stocks are opaque, illiquid, behave differently from public markets, and lack the same infrastructure as public marketplaces, creating back-office integration challenges for firms that want to trade these stocks in a more liquid manner. But as interest grows, that’s starting to change. Print this page
The news that stock trading platform Robinhood may be building a platform to enable ordinary investors to participate in IPOs potentially including its own upcoming IPO alongside institutions has heightened existing excitement over the prospect of trading pre-IPO stock in private companies. While this may appeal most to investors fed up with volatile stock markets, or dreaming of acquiring stock in the next Apple or Microsoft before it goes public, institut
WatersTechnology.com
A summary of some of the past week’s financial technology news.
WatersTechnology Staff
SGX, Trumid, and Hillhouse Capital to launch a new bond trading platform
Trumid, Singapore Exchange (SGX), and Hillhouse Capital have formed a joint venture, XinTru, to launch and operate Trumid XT, a new Asian bond trading platform.
The partnership leverages Trumid’s technology and fixed income expertise, SGX’s experience in Asian financial market infrastructure and electronic trading, and Hillhouse’s network in Asia and the financial services sector.
Trumid XT will enhance international
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WatersTechnology.com As ASX preps Chess replacement testing phase, other data & cloud projects progress
Testing on the new DLT-based platform will begin in July. The Aussie exchange is also making progress on its DataSphere project and has addressed ASX Trade after an outage last year, according to the company’s CEO. Print this page
As the Australian Securities Exchange closes in on the completion of its ambitious Clearing House Electronic Subregister System (Chess) replacement project, the operator is also focusing efforts on a new data delivery platform.
Although much attention has been focused on the Chess replacement project, ASX CEO Dominic Stevens said Thursday during a briefing for the exchange’s half-year results to Dec. 31, 2020 (1H21) that it is only one part of a much broader technology transformation program.