London/ New York, 31 July 2023 – FIA Tech, a leading technology provider to the exchange-traded derivatives industry, announced today that international law firm Simmons & Simmons will be joining the Databank Network as a law firm partner. FIA Tech will incorporate Simmons & Simmons’ Trading Venue Reviewer (TVR) data within FIA Tech’s Contract Specifications user interface.
Trading Venue Reviewer is a digital product that helps trading venue members and users worldwide navigate and comply with Trading Venue documentation.
The integration of the TVR data within FIA Tech’s Databank Network reference data suite will greatly assist end users in quickly identifying crucial reference data for trading venues including basic venue information, regulatory RAG status of venues, and legal and financial instrument identifiers.
Databank Network is FIA Tech’s initiative to bring together independent software vendors (ISVs), exchanges, clearing houses and other data providers into an interoperable global network simplifying the use of reference data, analytics and software solutions from participating firms.
Andrew Castello, Head of Client Operations at FIA Tech, said: “We are thrilled that Simmons & Simmons is joining the Databank Network and will be integrating TVR into the Databank Network. TVR has been recognised across the industry as a standout legal product for easily navigating the rules of over 160 trading venues globally and this will complement our existing Databank suite of products.”
Rosali Pretorius, a partner in Simmons’s financial services regulation group, said: “The Databank Network is a valuable resource for the industry, and one that Simmons is pleased to support. Trading Venue Reviewer (TVR) has proven to be an essential tool for enabling firms to understand and comply with the shifting requirements imposed on them by operators of exchanges and other trading platforms, and we are confident its incorporation will strengthen FIA Tech’s initiative.”
About Simmons & Simmons
Simmons & Simmons is a leading international law firm with over 320 partners and 2,100 staff working in Asia, Europe, the Middle East and the US across 22 offices. The firm’s industry sectors are Asset Management and Investment Funds; Financial Institutions; Healthcare and Life Sciences, and Technology, Media and Telecommunications (TMT). Simmons also focuses on the Energy and Infrastructure market, in particular through its international projects and construction teams.
Find out more about Simmons’s Trading Venue Reviewer (TVR) here.
About FIA Tech
FIA Tech is the leading technology provider to the exchange traded derivatives industry. Owned by a consortium of eleven leading clearing firms and the Futures Industry Association (FIA), FIA Tech is committed to serving the industry and launching innovative solutions to improve market infrastructure across the listed and cleared derivatives industry. FIA Tech works in close partnership with the broader industry, including exchanges, clearinghouses, clearing firms and other intermediaries, as well as independent software vendors, buyside firms and end users to bring efficiency to the exchange traded and cleared derivatives industry.
For further information please contact:
+44 (0)7771 906 073
Email General Client Support: email@example.com
Email Atlantis Support: firstname.lastname@example.org
Email Docs Support: email@example.com
Email OCR Support: firstname.lastname@example.org
Email eRecs Support: email@example.com
Email Databank Support: firstname.lastname@example.org