17 April 2014

Latest post-trade & ops news

Sifma calls for US market move to T+2

12 hours ago  |  1038 views  |  0

Sifma is calling for the US capital markets industry to move to a T+2 settlement lifecylce, as other markets worldwide bid to bridge the gap between trade execution and delivery of financial contracts.

MEPs vote to curb high-frequency trading

16 April 2014  |  1556 views  |  0

Members of the European Parliament have voted through new rules designed to clamp down on high-frequency trading 'Flash Boys'.

Sifma calls for US rulemakers to step up deployment of Legal Entity Identifiers

14 April 2014  |  2202 views  |  0

US securities trade body Sifma has called for broader uptake of Legal Entity Identifiers by the country's regulators, amid fears that the US is being left behind as other nations push ahead with mandatory implementation of the uniform trade reporting standard.

Avox to double workforce as demand for reference data grows

11 April 2014  |  1849 views  |  0

DTCC-owned clean data utility Avox has announced plans to hire 200 new staff over the next two-years, doubling its workforce in the face of increasing industry demand for accurate reference data.

Swift boosts compliance services portfolio with Omnicision acquisition

27 March 2014  |  2570 views  |  0

Swift has acquired financial crime prevention services firm Omnicision as it continues to build up its compliance unit. Financial terms of the deal were not disclosed.

Swift: The Future of Financial Standards - Live Blog

25 March 2014  |  4712 views  |  0

Welcome to Finextra's live blog from Swift's Standards Forum event at Level 39 in Canary Wharf, UK. Brought to you by The Swift Institute, the Forum and the London School of Economics (LSE) and Political Science the conference is entitled 'The Future of Financial Standards'.

Nasdaq rethinks Amazon FinQloud venture - FT

24 March 2014  |  2351 views  |  0

US exchange operator Nasdaq is rethinking its FinqCloud venture with e-commerce giant Amazon after the business failed to gain sufficient traction with potential customers, according to the Financial Times.

Thomson Reuters joins KYC utility race

19 March 2014  |  4527 views  |  2

Thomson Reuters is taking on Swift and a host of other start-ups in the race to develop a central utility for Know Your Customer due diligence checking with the launch of Accelus Org ID.

Third party vendors the winners as trading technology trends shift

13 March 2014  |  3788 views  |  0

Technology innovation in equity markets has changed direction as the race-to-zero latency and the pursuit of high-frequency trading cools, says capital markets consultancy GreySpark partners

Thomson Reuters establishes subsidiary to handle financial benchmarks

10 March 2014  |  2582 views  |  0

Thomson Reuters has established a new subsidiary to handle its involvement in calculating financial benchmarks, which are set to operate under tougher regulations in the wake of widescale abuses by bank data suppliers.

Edelstein invests in Algomi

04 March 2014  |  2389 views  |  0

Capital markets STP veteran and former chairman and CEO of BondDesk, Howard Edelstein has joined Algomi as a 'strategic advisor' and taken an equity stake in the two-year old fixed income liquidity discovery start-up.

Banks and capital markets firms to boost compliance spending by 10% - Accenture

03 March 2014  |  3434 views  |  0

Nearly two thirds of European and North American banking and capital markets firms expect to significantly increase their spending on compliance risk management over the next couple of years, according to research from Accenture.

Deutsche Bourse to build new clearing business in Singapore

20 February 2014  |  2077 views  |  0

Deutsche Börse has earmarked an additional EUR30 million in spending to spur plans for new growth initiatives over the coming year, including the creation of a central counterparty clearing house in Singapore.

DTCC warns demand for collateral set to overwhelm system infrastructures

22 January 2014  |  3918 views  |  0

With regulatory changes sparking a surge in demand for collateral, current operational processes and system infrastructures looks set to be overwhelmed, the Depository Trust & Clearing Corporation (DTCC) has warned.

SunGard appoints Marianne Brown as COO of financial systems

21 January 2014  |  4424 views  |  0

Marianne Brown, president and CEO of post-trade processing house Omgeo, has been appointed as chief operating officer of SunGard's financial systems business.

UBS to outsource fixed income platform to Murex and ION - Reuters

20 January 2014  |  4944 views  |  0

Swiss bank UBS is to outsource large parts of its fixed income technology infrastructure to Murex and ION, according to Reuters.

KYC Exhange Net launches Web-based platform for due diligence data sharing

17 January 2014  |  4212 views  |  2

Switzerland-based KYC Exchange has launched a Web-based communication platform for Know Your Customer (KYC) and Customer Due Diligence (CDD) data sharing for the international banking community

Regulators slate financial firms for poor counterparty risk measures

16 January 2014  |  3177 views  |  1

Five years after the financial crisis, progress on timely and accurate counterparty risk measures has been largely unsatisfactory, reports the Financial Stability Board.

Europe reaches agreement on MiFID reforms

15 January 2014  |  4816 views  |  1

A comprehensive rewrite of rules governing trading in financial markets has been agreed by the European Parliament and the bloc's Council of Ministers.

Finextra Future Money presents: How to succeed as a fintech start-up

14 January 2014  |  5846 views  |  0

Finextra is inviting start-up companies in London to participate in the first of a series of breakfast roundtables ahead of the forthcoming Future Money conference, run in association with fintech accelerator space Level39.

Barclays fined $3.75m for electronic record keeping failures

02 January 2014  |  4061 views  |  1

US regulator Finra has slapped Barclays Capital with a $3.75 million fine for a decade-long failure to properly preserve electronic records, e-mails and instant messages.

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