This Week: CME/IHS Markit, Bloomberg, OpenExchange, Equinix, and more

A summary of some of the past week’s financial technology news.

news updates

CME, IHS Markit launch OSTTRA joint venture

Derivatives exchange CME Group and data and analytics vendor IHS Markit have launched a joint venture, OSTTRA, a new post-trade services company.

OSTTRA, owned equally by CME Group and IHS Markit, is a provider of post-trade solutions for the global over-the-counter markets across interest rate, FX, equity, and credit asset classes. It incorporates CME Group’s optimization businesses⁠—Traiana, TriOptima, and Reset⁠—and IHS Markit’s MarkitSERV

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The AI boom proves a boon for chief data officers

Voice of the CDO: As trading firms incorporate AI and large language models into their investment workflows, there’s a growing realization among firms that their data governance structures are riddled with holes. Enter the chief data officer.

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