Latest Depositories News: Finextra Research

DTCC names Lehman veteran Bridget O'Connor CTO

The Depository Trust & Clearing Corporation (DTCC) has appointed former Lehman Brothers CIO Bridget O'Connor as managing director and chief technology officer.

01 September 2009

News/Depositories

SmartPool to add mid-cap securities

SmartPool, the European exchange-led dark pool for block trading set up by Nyse Euronext, BNP Paribas, HSBC and JPMorgan, is moving into pan-European mid-cap securities.

17 August 2009

News/Depositories

Nyse Liffe shelves CDS clearing

Nyse Euronext subsidiary Liffe has suspended its European credit default swaps (CDS) clearing service after failing to attract a single trade since launching in December.

13 August 2009

News/Depositories

SGX and Chi-X plan dark pool

The Singapore Exchange (SGX) and Chi-X have signed a heads of terms agreement to develop and launch Asia Pacific's first bourse-backed dark pool.

12 August 2009

News/Depositories

Markit and DTCC derivatives trade processing JV set for September launch

The US Depository Trust & Clearing Corporation (DTCC) and UK-based Markit will launch their OTC derivatives processing services joint venture in September after getting the green light from regulators.

11 August 2009

News/Depositories

CME Group hires ex-LCH.Clearnet boss to lead European clearing

Chicago-based derivatives exchange operator CME Group has hired former LCH.Clearnet boss Andrew Lamb to head up its planned European clearing venture.

28 July 2009

News/Depositories

ICE Trust sets out plans for buy-side participation in CDS clearing

IntercontinentalExchange (ICE) says it will introduce a solution that will enable buy-side participation in credit default swap clearing by October.

23 July 2009

News/Depositories

MiFID helps cut share trading costs - study

The introduction of the Markets in Financial Instruments Directive (MiFID) has helped to significantly reduce the cost of share trading by transaction in the last couple of years. However, in terms of value of trading, costs have actually increased in five major centres, according to a study commissioned by the EC.

17 July 2009

News/Depositories

LCH.Clearnet rebuff's Icap-led takeover approach - Reuters

LCH.Clearnet last month rejected a takeover offer from an Icap-led consortium due to concerns about the business plan, according to a report from Reuters citing "two people familiar with the matter".

15 July 2009

News/Depositories

European exchanges and clearers lay down interoperability guidelines

Trading and clearing venues across Europe have agreed a set of standards to cover the electronic exchange of trade information between competing market infrastructures.

02 July 2009

News/Depositories

Bank of New York Mellon takes stake in clearing counterparty IDCG

The Bank of New York Mellon has taken a minority stake in Nasdaq OMX majority-owned subsidiary International Derivatives Clearing Group (IDCG).

30 June 2009

News/Depositories

Bank of England raises T2S concerns

The Bank of England has raised serious doubts over whether it will join the European Central Bank's Target2-Securities (TS2) integrated settlement system.

18 June 2009

News/Depositories

Nyse Euronext and DTCC team on fixed income derivatives clearing house

Nyse Euronext and the Depository Trust & Clearing Corporation (DTCC) are teaming up to create a clearing house for US fixed income derivatives.

18 June 2009

News/Depositories

EuroCCP calls for 'Convention on Interoperability' for clearing counterparties

UK-registered clearing house EuroCCP has called for the adoption of a single standard 'Convention on Interoperability' that all central counterparties should sign, as the European clearing community struggles to implement a raft of bilateral agreements.

17 June 2009

News/Depositories

DTCC to add cash settlement facility to automated syndicated loans platform

The Depository Trust and Clearing Corporation is to add cash settlement, including delivery-versus-payment, to its Loan/Serv suite for the syndicated loans market.

16 June 2009

News/Depositories

DTCC, Swift and XBRL US team on corporate actions processing

The Depository Trust & Clearing Corporation (DTCC), Swift and XBRL US have joined forces in a bid to improve communications between issuers and investors for corporate action announcements in the US market.

28 May 2009

News/Depositories

Nordea signs for SunGard Adaptiv Analytics

Scandinavian bank Nordea is rolling out SunGard Adapitv Analytics to improve the measurement and management of counterparty credit exposure in its capital markets products.

20 May 2009

News/Depositories

ICE adds RBS and readies for Europe launch: RBA calls for expansion of CDS clearing to Australia

IntercontinentalExchange has added Royal Bank of Scotland to its roster of clearing members and confirmed that it will be ready to launch its credit default swaps clearing counterparty in Europe by July.

20 May 2009

News/Depositories

LCH.Clearnet looks to deal with bidding consortium

LCH.Clearnet has responded to last week's EUR830 million offer from a consortium of banks and Icap by indicating its willingness to interweave elements of the bid with its own restructuring plans. Meanwhile, the clearing house is also set to restructure its technology platform in a bid to save millions of euros a year.

13 May 2009

News/Depositories

Advent spends $170.6 million for 30% stake in Brazilian depository

Private equity firm Advent has bought a 30% stake in Brazilian fixed income and OTC derivatives clearing house Cetip, from a number of local financial-market participants.

11 May 2009