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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Risk.net
Champion of competition in derivatives clearing may throw in the towel Print this page
For years, the UK was the champion of European Union market regulations designed to foster greater competition in clearing services. Once the UK left the EU, enthusiasm for the project among the remaining 27 members dwindled. Now, the UK Treasury may decide to walk away from the so-called open access rules as well.
“We supported open access for ETDs [exchange-traded derivatives] when the regime was being negotiated in the EU because we believed it would provide EU-wide competition benefits,”
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