LSEG Agrees to Acquire Octus for $3.535 Billion in Cash
LSEG (London Stock Exchange Group ) announced on October 22, 2026 that it has agreed to acquire Octus, a provider of credit intelligence, data and workflow tools, for a cash consideration of $3.535 billion from funds advised by Permira and…
Securities Custody: Owners, Nominees, and Omnibus Accounts
A first-principles guide to Securities Custody, including its operating chain, economics, authoritative records, failure modes, and the evidence investors or operators should verify.
ECB’s Cipollone Details Bank Roles in Pontes and Appia Ecosystem
Piero Cipollone, a member of the European Central Bank’s Executive Board, set out how banks can participate in the Eurosystem’s tokenised financial ecosystem in a speech to the Italian Banking Association on 21 October 2026, following the 21 September 2026…
ESMA Sets Conditions for Post-Trade Risk Reduction Clearing Exemption
The European Securities and Markets Authority set out on 20 October 2026 the conditions that providers and users of post-trade risk reduction (PTRR) services must meet for certain OTC derivative transactions to be exempt from the clearing obligation under EMIR…
Tradeweb to Buy Credit Trading Platform Trumid for $1.97 Billion
Tradeweb Markets Inc. announced on October 19, 2026, that it has entered into a definitive agreement to acquire Trumid Holdings, LLC, a financial technology company and electronic credit trading marketplace, for a purchase price of approximately $1.97 billion. The purchase…
ESMA Completes EU Regulatory Framework for T+1 Settlement
The European Securities and Markets Authority (ESMA) on 16 October 2026 published the final report on its revised guidelines on standardised procedures and messaging protocols used between investment firms and their professional clients, declaring the European Union’s regulatory framework for…
Nasdaq Closes Purchase of Off-Exchange Equity Venue LeveL Markets
Nasdaq announced on October 15, 2026, that it has completed its acquisition of LeveL Markets, LLC, which the company described as a leading off-exchange equity execution venue and operator of one of the largest Alternative Trading Systems (ATSs) in the…
Central Counterparties: How CCPs Contain and Concentrate Risk
A first-principles guide to Central Counterparties, including its operating chain, economics, authoritative records, failure modes, and the evidence investors or operators should verify.
CPMI and IOSCO Finalize PFMI Guidance on FMI General Business Risks
The Bank for International Settlements’ Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) on 14 October 2026 published a final report on financial market infrastructures’ (FMIs) management of general business risks and general…
FactSet Extends Research Platform Across Scotia Wealth Management
FactSet on October 8, 2026, announced an expansion of its partnership with Scotia Wealth Management, part of the Scotiabank group of companies, under which advisors, investment professionals, and support team members across Scotia Wealth Management will have access to FactSet’s…
Cboe Clear Europe Adds U.S. Equities to Securities Lending Clearing
Cboe Global Markets , Inc. announced on October 7, 2026 that Cboe Clear Europe N.V., its pan-European clearing house, will expand its Securities Financing Transactions (SFT) clearing service from mid-October 2026 to include U.S. equities eligible for securities lending. The…
ESMA Signals Continued EU Access to Third-Country CSD Services
The European Securities and Markets Authority (ESMA) published a public statement on 7 October 2026 stating that EU market participants should not lose access to the notary and central maintenance services of third-country central securities depositories (CSDs) after 17 January…
T+1, T+0, and Atomic Settlement: Faster Is Not Always Safer
A first-principles guide to Settlement Speed, including its operating chain, economics, authoritative records, failure modes, and the evidence investors or operators should verify.
Manifests Ireland Files 2 Million Annual Declarations on Descartes Platform
Descartes Systems Group announced on October 1, 2026, that customs brokerage Manifests Ireland has increased its annual customs declaration volumes from approximately 20,000 before Brexit in 2020 to 2 million. The Dublin-based company scaled its operations on the Descartes Thyme…
ICE Extends Evaluated Pricing to Unsecuritized Residential Whole Loans
Intercontinental Exchange announced the launch of Residential Whole Loan Evaluations on September 30, 2026, a service that extends the company’s established evaluated pricing process to individual, unsecuritized residential mortgage loans. The service provides model-driven pricing across qualified mortgage (QM) loans,…
