Financial Industry Faces Up to Cybersecurity Challenges

On the morning of July 18, 2013, the market infrastructure of the US came under sustained attack through cyberspace. Over 50 organizations, including investment banks, exchanges, regulators and the Department of Homeland Security scrambled to protect routes into the system that were open to the internet, while internal incident response plans kicked in. Such an event was unprecedented in the history of the world’s financial system—except it wasn’t real.

Held by the Securities Industry and

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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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