Bloomberg, MarketAxess and Tradeweb have entered into an agreement to form a joint venture to operate a single fixed-income (CTP) tape provider in the European Union. CTP is a company that compiles and publishes standardized trading data for financial instruments.
Tradeweb announced the deal on Tuesday, noting that the companies have tapped industry veteran Neil Ryan to lead the initiative. The Nasdaq-listed electronic market operator further indicated that this step reflects the desire of the three companies to enhance transparency and promote electronic transformation in the fixed income industry.
“The time has come to provide European fixed income markets with a unified bar led by an initiative with deep expertise in low-latency data processing, cleansing, consolidation and deployment within a structured framework,” Ryan said in the statement. “Our ultimate goal is a cost-effective money transfer that treats data contributors and consumers fairly, while enabling open and impartial access to relevant and useful data using existing infrastructure.”
Meanwhile, Tradeweb noted in the statement that the three companies have also joined forces with FINBOURNE Technology, a cloud-native financial data management company, to help them build and operate the cash transfer program on behalf of the new joint venture company.
“FINBOURNE’s appointment was the culmination of a detailed and rigorous evaluation process, which was deemed critical compliance
compliance
Compliance in finance, banking, investment and insurance refers to following the rules or orders set by a government regulatory authority, either to provide a service or process a transaction. Finance compliance will also be a case of following applicable guidelines or specifications. This designation can also include efforts to ensure that organizations comply with both industry regulations and government legislation. Understanding Compliance Compliance is a
Compliance in finance, banking, investment and insurance refers to following the rules or orders set by a government regulatory authority, either to provide a service or process a transaction. Finance compliance will also be a case of following applicable guidelines or specifications. This designation can also include efforts to ensure that organizations comply with both industry regulations and government legislation. Understanding Compliance Compliance is a
Read this termoperational, technical and security aspects of fit-for-purpose cash transfers,” Tradeweb said.
Cash transfer programs in Europe
In Europe, the European Union requires cash transfer programs to provide data for all transactions made in the jurisdiction regardless of their source. Data is usually sent to market participants through various methods including through free websites or subscription-based services.
Cash transfer programs are supervised by the European Securities and Markets Authority. It helps to enhance transparency and Liquidity
Liquidity
The term liquidity refers to the process, speed, and ease with which a particular asset or security can be converted into cash. Notably, the liquidity forecast is to hold at the market price, with the most liquid assets representing cash, and the most liquid assets being cash itself. In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting the market price. · Nothing is more liquid than cash, while representing other assets
The term liquidity refers to the process, speed, and ease with which a particular asset or security can be converted into cash. Notably, the liquidity forecast is to hold at the market price, with the most liquid assets representing cash, and the most liquid assets being cash itself. In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting the market price. · Nothing is more liquid than cash, while representing other assets
Read this term Savings in the European financial markets.
In addition, cash transfer programs help create a fair financial market by providing access to the same information for all market participants regardless of their location. It also contributes to ensuring effective pricing of financial instruments.
Hidden Road is pressing crossover markets; Equiti in Uganda; Read nuggets today.
Bloomberg, MarketAxess and Tradeweb have entered into an agreement to form a joint venture to operate a single fixed-income (CTP) tape provider in the European Union. CTP is a company that compiles and publishes standardized trading data for financial instruments.
Tradeweb announced the deal on Tuesday, noting that the companies have tapped industry veteran Neil Ryan to lead the initiative. The Nasdaq-listed electronic market operator further indicated that this step reflects the desire of the three companies to enhance transparency and promote electronic transformation in the fixed income industry.
“The time has come to provide European fixed income markets with a unified bar led by an initiative with deep expertise in low-latency data processing, cleansing, consolidation and deployment within a structured framework,” Ryan said in the statement. “Our ultimate goal is a cost-effective money transfer that treats data contributors and consumers fairly, while enabling open and impartial access to relevant and useful data using existing infrastructure.”
Meanwhile, Tradeweb noted in the statement that the three companies have also joined forces with FINBOURNE Technology, a cloud-native financial data management company, to help them build and operate the cash transfer program on behalf of the new joint venture company.
“FINBOURNE’s appointment was the culmination of a detailed and rigorous evaluation process, which was deemed critical compliance
compliance
Compliance in finance, banking, investment and insurance refers to following the rules or orders set by a government regulatory authority, either to provide a service or process a transaction. Finance compliance will also be a case of following applicable guidelines or specifications. This designation can also include efforts to ensure that organizations comply with both industry regulations and government legislation. Understanding Compliance Compliance is a
Compliance in finance, banking, investment and insurance refers to following the rules or orders set by a government regulatory authority, either to provide a service or process a transaction. Finance compliance will also be a case of following applicable guidelines or specifications. This designation can also include efforts to ensure that organizations comply with both industry regulations and government legislation. Understanding Compliance Compliance is a
Read this termoperational, technical and security aspects of fit-for-purpose cash transfers,” Tradeweb said.
Cash transfer programs in Europe
In Europe, the European Union requires cash transfer programs to provide data for all transactions made in the jurisdiction regardless of their source. Data is usually sent to market participants through various methods including through free websites or subscription-based services.
Cash transfer programs are supervised by the European Securities and Markets Authority. It helps to enhance transparency and Liquidity
Liquidity
The term liquidity refers to the process, speed, and ease with which a particular asset or security can be converted into cash. Notably, the liquidity forecast is to hold at the market price, with the most liquid assets representing cash, and the most liquid assets being cash itself. In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting the market price. · Nothing is more liquid than cash, while representing other assets
The term liquidity refers to the process, speed, and ease with which a particular asset or security can be converted into cash. Notably, the liquidity forecast is to hold at the market price, with the most liquid assets representing cash, and the most liquid assets being cash itself. In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting the market price. · Nothing is more liquid than cash, while representing other assets
Read this term Savings in the European financial markets.
In addition, cash transfer programs help create a fair financial market by providing access to the same information for all market participants regardless of their location. It also contributes to ensuring effective pricing of financial instruments.
Hidden Road is pressing crossover markets; Equiti in Uganda; Read nuggets today.