This Week: CME/IHS, Nasdaq, Snowflake/Clearwater, Bloomberg/Rockefeller, FlexTrade

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

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CME Group, IHS Markit Team to Create New Post-Trade Company

CME Group and IHS Markit announced that they have agreed to combine their post-trade services into a new joint venture. The new company will bring together CME’s Traiana, TriOptima, and Reset business units and combine them with IHS Markit’s MarkitSERV derivatives processing hub.

The combination of these businesses will provide clients with platforms and services for global over-the-counter (OTC) markets across interest rate, foreign

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A tech revolution in an old-school industry: FX

FX is in a state of transition, as asset managers and financial firms explore modernizing their operating processes. But manual processes persist. MillTechFX’s Eric Huttman makes the case for doubling down on new technology and embracing automation to increase operational efficiency in FX.

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