Depositories

375 articles tagged with this keyword

/Depositories

BNY Mellon launches clearing unit

BNY Mellon is creating a new company to clear futures and derivatives trades on behalf of its institutional clients.

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EU Parliament bids to stifle derivatives trading

The influential EU Economic and Monetary Affairs Committee has called for an outright ban on speculative trading in certain derivatives contracts and the imposition of higher capital requirements for firms handling contracts that are not cleared centrally.

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BME delays launch of EU-wide OTC repository; welcomes Clearstream as partner

Spain's Bolsa Y Mercados Españoles (BME) has set back the launch of a planned OTC trade repository by six months until the end of the year. The project's cross-border aspirations have received a boost, however, with Clearstream banking announcing its support for the venture.

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DTCC moves a step closer to corporate actions standardisation

The Depository Trust & Clearing Corporation (DTCC) has released for public comment a first set of drafts of corporate action announcement messages under the international ISO 200022 format.

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S&P cuts Nyse Euronext rating on clearing plans; puts LCH.Clearnet on 'creditwatch'

Standard & Poor's has cut the credit rating of Nyse Euronext and warned that LCH.Clearnet may face a similar fate following the exchange's decision to sever ties with the clearing house.

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Nyse Euronext dumps LCH.Clearnet to set up own European clearing houses

Nyse Euronext says it plans to start clearing its own securities and derivative trades in Europe from 2012, severing ties with LCH.Clearnet.

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LSE trading fees under scrutiny

Executing a UK equity trade on the London Stock Exchange is significantly more expensive than on Chi-X or Bats Europe, with over 80% of the cost coming from trading fees, according to research commissioned by Euroclear.

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ECB confirms delay to T2S

The European Central Bank confirms that it has ripped up its original timetable for the introduction of a pan-European securities settlement system as it seeks to streamline its working procedures and gain a new consensus around the controversial project.

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Andrew Douglas quits Swift for DTCC

Andrew Douglas has quit the Brussels-based banking co-operative Swift to join the Depository Trust and Clearing Corporation, where he will lead the US depository's public affairs efforts in Europe.

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Turquoise and Nyse Arca Europe to offer US equity trading

Nyse Euronext and the London Stock Exchange are battling to become the first bourses to begin offering customers trading in US equities during European hours.

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Tech vital for push to improve OTC derivatives transparency - TowerGroup

With the OTC derivatives market coming under increasing regulatory scrutiny, firms are looking to technology to help them improve transparency and efficiency, according to research conducted by TowerGroup for vendor SunGard.

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LCH.Clearnet begins CDS clearing in Paris

European clearing house LCH.Clearnet has launched a clearing service for credit default swaps with the support of four leading French dealers.

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DTCC provides regulators greater access to CDS data

The Depository Trust & Clearing Corporation (DTCC) says it will give regulators around the world unfettered access to credit default swap (CDS) data - including counterparty information - held at its warehouse.

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Regulators approve framework for clearing links

British, Dutch and Swiss regulators have agreed a new framework for linkages between clearing counterparties in an effort to allay fears about systemic risks and inject fresh competition into the market.

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Centralised clearing for OTC derivatives receives industry support but concerns remain

The majority of financial institutions and corporations around the world agree that moving OTC derivatives trading to a system of centralised clearing would help manage risk but many market participants still harbour serious concerns about the prospect, according to a survey from Greenwich Associates.

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Regulators fast-track global review of OTC derivatives clearing

Global banking and securities regulators have fast-tracked a review of clearing arrangements for over-the-counter derivatives as part of a far-reaching re-appraisal of existing standards for payments, clearing and settlement systems.

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LSE retail bond trading platform goes live

The London Stock Exchange's electronic retail bond trading service has gone live, opening up the market to private investors.

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Deutsche Börse mulling staff cuts, outsourcing - Handelsblatt

Deutsche Börse is to cut up to 10% of its 3,300-strong workforce as it bids to lower costs in the face of strong competition, according to a report in German business daily Handelsblatt.

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LSE names Kevin Milne director, post-trade services

The London Stock Exchange has named former Xtrakter CEO Kevin Milne as director of its post-trade services division.

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ECB to set back T2S timetable to beyond 2013

The European Central Bank has been forced to set back the deadline for the introduction of a new pan-European securities settlement system by up to a year as negotiations over pricing and governance drag on, according to a report in the Financial Times.