Under MiFID II trading venues are required to provide one of two options in order to support members’ testing efforts (RTS 7, Article 10). So exchanges can choose to offer either a realistic testing environment or a testing symbol. As testing can be terribly complicated, different views and opinions about which is better are to be heard across the market.

FIS™ won the “Most Disruptive” award at the 2016 PYMNTS.com/Alexa Challenge.

FIS was selected for its ability to provide millennial consumers “relevant and timely guidance to better inform their financial decisions,” according to PYMNTS.

Sunrise Bank raised over $25 million in its overwhelmingly successful stock offering. The Bank undertook the offering with the dual intentions of returning to sub-chapter S tax status and to increase capital to support its expansion into the Orlando market.

Prime Risk Partners completed its previously announced agreement dated April 30, 2016, to acquire Old National Insurance (“ONI”), one of the largest independent insurance agencies in the Midwest, as well as its subsidiaries JWF Specialty Co. and Employee Plans, LLC. ONI is now operating under the name ONI Risk Partners and will maintain its significant presence in its local markets throughout Indiana, Kentucky and Illinois. JWF Specialty Co. and Employee Plans, LLC will continue to operate under their respective names and service their clients from their current locations.

JHC Systems Limited, a leading provider of innovative wealth management technology solutions, was recognised at Goodacre’s annual Systems in the City Awards Wednesday night in London, winning  the Best Post Trade Processing Solution and the prestigious CEO of the Year for CEO John Blackman.

Rapidly expanding New Zealand cloud based company Unleashed Software has boosted its entry into the UK market with a fresh capital injection of $3 million from both existing and new investors.

Founded in 2009, the innovative Software as a Service (SaaS) startup already has international presence in major markets like United States and Australia, and has recently announced the opening of its UK office fresh off the back of its latest successful capital raising round.

Neptune, the open standards network for pre-trade indications in bond markets, today announced the formation of a new company, Neptune Networks Ltd, to run the utility. The board will be comprised of members of the banks and asset managers involved in the collaboration for the past eighteen months. Neptune recognises the importance of joint buy-side and sell-side governance in order to best meet the challenges in the industry.

 Stormshield, a subsidiary of Airbus Defence and Space and a key player in the cyber security market, and Gemalto ( are strengthening their technological relationship with the development of this technology capable of providing end-to-end security for the connection and data exchanges with mobile devices. This new development will allow users of tablets and smartphones to exchange email message securely and to protect their data on tablets on the move. 

Avanza has recruited its new CEO from the food industry. Johan Prom has a professional background at the Swedish food retailer ICA and as an advisor to a number of consumer companies, among other positions. “Now that Avanza is taking its next major step forward, Johan Prom is an obvious choice as CEO with his genuine experience with consumers, services and customer service,” says Sven Hagströmer, Chairman of the Board of Avanza. An exact date for Johan Prom to take over as CEO has not yet been determined.