Trax is a leading provider of capital market data, trade matching and regulatory reporting services to the global securities market. In 2015, Trax processed 1.1 billion transactions on behalf of its user community, including 13.3 million fixed income transactions. Trax estimates that it processes approximately 65% of all fixed income transactions in Europe as part of its post-trade service offering.
Volkswagen will start recalling 91,000 of its Passat 2012-2014 models in the U.S. over problems with the vehicle’s connector that could cause overheating and electrical short. The automaker is lately being clouded by scandals regarding emission and its vehicles.
Toyota Motor Corp. will display its latest vehicle from the Higlander Series. It will be unveiled on March 23 at the 2016 New York International Auto Show. The Highlander's performance and efficiency is boosted with the combination of new engine and transmission.
A compromise defense policy bill in Congress would bar the purchase of more Russian-made rocket engines to launch U.S. military satellites, clearing the way for competitive bids for 14 future launches, senior congressional aides said on Tuesday.