Northern Trust Corp.'s capital markets division has developed a machine-learning based pricing engine for securities-lending clients.
The ongoing shift to passive from active management and the rising volatility of equities have challenged buy-side head and senior traders.
CME Group's newly launched Micro E-mini futures had stronger volume than expected for a newly listed derivative in its first week.
Abel Noser Holdings has agreed to acquire Zeno Consulting Group, a consultant to pension funds on trading issues.
IEX Group has completed a $75 million round of funding led by boutique venture capital firm Spark Capital.