This Week: Philippine Stock Exchange, IBM, Cboe, Esma & More

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

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Philippine Stock Exchange Halts Trading Indefinitely

On March 17, the Philippine Stock Exchange suspended trading until further notice as a safety measure for traders and employees throughout the coronavirus outbreak.

The decision came after Philippine President Rodrigo Duterte placed the island of Luzon under “enhanced community quarantine,” said Ramon Monzon, president and CEO of the exchange, in a memo.

IBM Cloud Texas Data Center Disrupted

IBM Cloud’s Dallas, Texas, data center

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TMX’s indexing pivot bears first fruit

The acquisition of index provider VettaFi has boosted revenues in the exchange’s analytics division, but further growth could mean taking on the heavyweight data providers like S&P, FTSE Russell, and MSCI.

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.

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