Instinet Ramps Up Options Coverage with Torc Buy

The process, which involves the purchase of the majority of Torc's assets, will be completed in two parts, according to officials. The acquisition of the firm's technology assets closed on Aug. 26, and the firms are currently working on the acquisition of the broker-dealer portion of Torc, which is still subject to regulatory approval. However, officials from both firms expect the transaction to be completed by the end of September or the beginning of October.

"We have been working with Torc for

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CME: CFTC OKs clearing move to Google Cloud

The CFTC has given the Chicago-based exchange approval to run its clearing and settlement infrastructure on the Google Cloud Platform, while the exchange and vendor have extended their partnership to last until at least 2037.

Once a blockchain cheerleader, Axoni changes its playbook

The fintech, whose origins can be traced back to the genesis of capital markets’ complicated flirtation with DLT, has largely ditched the tech as the foundation of its data synchronization offering, opting for more familiar territory.

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