News

Word on the Streets: December 2023 Updates

Julia Streets introduction image

As we head into the festive break, I‘d like to take this moment to thank all our clients for the trust you place in us to help you grow your businesses. Supporting your journey to scaling and transforming your organisations is what gets us up every morning.  

So much more than just a PR agency, we’re deeply proud of our strategic work creating and executing campaigns that help unlock commercial growth for our clients, whether that’s through messaging and positioning; digital marketing and content creation; leadership coaching and corporate culture development; or media relations. 

And, like our clients, we’re obsessive about data, delivery and results. That’s why we’ve invested heavily in measurement tools to capture the successes of our content-driven digital marketing, awareness and lead gen campaigns, as well as tracking share of voice across the industry. 

My gratitude goes to our talented team who work tirelessly to help our clients communicate the difference, build influence and grow. 

Have a wonderful holiday season everyone!

BMLL

Culture Spotlight: Creating a Culture of Excellence, Innovation & Collaboration

At this year’s Harrington Starr Awards BMLL won ‘Best Workplace for Sales Professionals’ and was highly commended for ‘Best Workplace for Talent Investment’. Paul Humphrey, the CEO, was ranked among the ‘Top1% Leaders of the Year'. He shares BMLL’s work to establish a positive and collaborative environment, by encouraging and celebrating people who make a difference

OpenFin

Culture Spotlight: Transforming Enterprise Productivity with Team Empowerment

OpenFin took home the award for ‘Best Internal Talent Team’ at this year’s Harrington Starr Awards and was highly commended for the ‘Best Workplace for Technologists’ and ‘Team Excellence’ award. Adam Toms, the European CEO, shares how OpenFin’s unwavering commitment to achieving excellence forms the cornerstone of the company's success.

Substantive Research

Regulation Spotlight: MiFID II Six Years on: What's Next for Broker Research Pricing?

As the debate on research “rebundling” intensifies and the FCA is scrutinising the recommendations from Rachel Kent’s Investment Research Review, broker pricing remains extremely inconsistent. Mike Carrodus, CEO of Substantive Research, shares why the investment research market bears the scars of several MiFID II consequences.

ANNA

Regulation Spotlight: The European Commission Consultation on OTC Derivatives

The EC is consulting on which OTC derivatives identifier will facilitate price transparency effectively. As the issuer for both identifiers under consideration, the ISIN and the UPI, the DSB summarises the proposals and factors at play and is committed to supporting an outcome, once the consultation closes in January 2024.

Droit

Regulation Spotlight: Helping Tier 1 Banks Shed Light on Hazy Regulations

Financial institutions have to adhere to a growing number of intricate global regulations to make markets safer. Yet in the absence of clear rules for all circumstances, and differences in interpretation, financial institutions are left grappling with compliance obligations in the face of significant fines. Stuart Billingham, Head of Consortia at Droit, shares how a consensus-driven model can mitigate against errors of interpretation and implementation.

VIXIO

Regulation Spotlight: Regulations Play Catch-Up as Payments Providers Embrace AI

While the arrival of generative AI sparked a global debate about whether it is a force for good, payments firms raced to implement it. At the same time, regulators are seeking to balance AI technology with consumer protection. Mike Woolfrey, CEO at Vixio, looks at global regulatory developments towards implementing safeguards without stifling innovation in payment processes, products, and services.

FinTech Scotland

Fintech Innovation: FinTech Scotland Launched Innovation Lab

In partnership with academia and regulators, the Fintech Scotland lab aims to stimulate collaboration, facilitating job creation and business opportunities by advancing the understanding and adoption of new and emerging technologies. The lab seeks to deliver one of the strategic recommendations laid out in the FinTech Research & Innovation Roadmap, launched in March 2022, and aligns with the recently announced UK innovation initiative CFIT (the Centre for Finance, Innovation and Technology).

Appital

Buyside Innovation: Appital hits $2bn of buyside liquidity

Appital, the peer-to-peer price discovery and liquidity sourcing technology for asset managers, gained significant traction. This follows Appital Insights™ going live in September, an industry-first initiative that unlocks liquidity unavailable via traditional electronic trading venues. Platform liquidity reached $800m notional in November alone, with $300m on a single day in December so far. 32 asset managers with $15tn AUM have already signed up, 55 are in onboarding stage, managing an additional $30tn AUM.

TMX

Market Structure: TMX Group Launched New Order Books: Alpha-X and Alpha DRK

In November this year, TMX Group announced the launch of a new Canadian trading platform consisting of two order books, Alpha-X and Alpha DRK. The two new equities order books provide high-quality execution for natural order flow, limit adverse selection resulting from natural speed advantages in the trading ecosystem, and improve the overall trading experience for all participants. TMX’s Rizwan Awan shares more on becoming the marketplace of choice for execution quality.

TMX

Investment: TMX Group Announced Agreement to Aquire VettaFi

TMX Group announced it has agreed to acquire the remaining approximately 78% of the common units of VettaFi Holdings LLC (VettaFi), a leading US-based, indexing, digital distribution, analytics and thought leadership company, for US$848m (CAD$1.15bn)​. This follows the strategic investment TMX Group made in VettaFi early 2023; accelerates TMX’s long-term growth strategy as well as financial and transformational objectives.

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