2014 Review: In US, Consolidated Tape Saga Comes Full Circle

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The year started in dramatic fashion when Nasdaq OMX revealed that it had quit its role as operator of the Securities Information Processor (SIP) that collects data on Nasdaq-listed stocks, calculates a best bid and offer, and distributes the consolidated feed of quote and trade data to industry participants.

According to a source familiar with the situation, the UTP Committee that oversees the administration of the tape had been dragging its heels over approving recommendations made by Nasdaq

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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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