Depositories

375 articles tagged with this keyword

/Depositories

OTC clearing rules to spur big tech spending - Tabb

The global regulatory push to centrally clear over-the-counter derivatives has started a "technological revolution" that provides a big opportunity for vendors, according to a report from Tabb Group.

/Depositories

LSE wins race for LCH.Clearnet - Reuters

The London Stock Exchange appears set to beat off competition from Markit to take over LCH.Clearnet after securing backing from the clearer's board for a deal.

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Banking heads 'hugely disappointed' by T2S delay

Leading banks have expressed their disappointment at yesterday's news that Target 2 Securities (T2S), the European Central Bank's plan to streamline Europe's securities settlement structure, has been delayed yet again.

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ECB calls on recalcitrant CSDs to take efficient approach to T2S integration

The ECB has called on central securities depositories (CSDs) to 'efficiently reshape' their IT infrastructure in order to integrate to the T2S platform, its proposed pan-European settlement service which has encountered further delays amid foot-dragging by CSDs and protracted arguments over costs and pricing.

/Depositories

T2S delayed again

The European Central Bank has once again been forced to push back the deadline for implementation of Target2 Securities, the Eurosystem's ambitious but controversial project to harmonise Europe's securities settlement structure.

/Depositories

Turquoise to offer clearing choice for pan-European equities

London Stock Exchange-owned Turquoise has become the latest European trading platform to offer its customers the choice of four different clearing providers.

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LSE confirms talks with LCH.Clearnet

The London Stock Exchange has confirmed that it has made a majority bid for European independent clearing house LCH.Clearnet, opening up a bidding war with post-trade data group Markit.

/Depositories

Regulators seek to plug derivatives data gaps

Global regulators have set out plans for reducing the "data gaps" in OTC derivatives trading that are hitting efforts to assess systemic risk in the market.

/Depositories

Chi-X Europe plans clearing interoperability

Chi-X Europe has become the continent's first trading platform to offer its customers the choice of four different clearing providers.

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European Commission probes Nyse Euronext/Deutsche Börse deal

The mega-merger between Nyse Euronext and Deutsche Börse faces an extended investigation by the European Commission amid concerns over the impact of a tie-up on competition in clearing and derivatives trading.

/Depositories

Bats Europe offers traders clearing choice

Bats Europe has launched a 'preferred interoperable' clearing service, enabling traders to choose between three CCPs.

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ECB sets T2S framework agreement deadline; UK looks to opt out

The European Central Bank has set an October deadline for its final offer to central security depositories (CSDs) on a framework agreement for the Target2Securities (T2S) system. However, the UK now seems certain to turn its back on the project.

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T2S connectivity licences come up for grabs

Europe's central banks have begun the process of picking network service providers for the Target2Securities (T2S) system, with telecoms firms expected to challenge inter-bank co-operative Swift for the two licenses up for grabs.

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Dodd-Frank will push 60% of OTC volumes to central clearing

The Dodd-Frank Act will lead to around 60% of current US over-the-counter (OTC) derivatives market by volume being cleared centrally, according to Citi.

/Depositories

Swift and DTCC score big data management mandates

Financial messaging network Swift and the Depository Trust and Clearing Corporation (DTCC) have won two separate industry data management mandates, for the development of a Legal Entity Identifier (LEI) utility and electronic foreign exchange repository.

/Depositories

CFTC sets out new market manipulation rules

The Commodity Futures Trading Commission is to push ahead with a tranche of new rules governing market manipulation and large trader reporting under the Dodd-Frank financial reform act.

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OTC dealers win reprieve as EU Parliament delays reforms; banks lobby for US/EU convergence

The European Parliament has postponed implementation of new rules designed to improve transparency in over-the-counter trading, mirroring a similar slowdown in US financial market reforms under the Dodd-Frank Act.

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LCH.Clearnet poised to make Australia move

London-based clearinghouse LCH.Clearnet looks set to take advantage of recent regulatory changes and move into the Australian market, taking on ASX Clear.

/Depositories

Nyse Euronext postpones LCH.Clearnet termination plans as M&A proposals play out

Nyse Euronext has postponed plans to terminate its clearing contract with LCH.Clearnet, leaving the door open to a longer-term agreement as consolidation trends grip the industry.

/Depositories

LSE to provide tech for new Central and Eastern Europe CCP infrastructure

The London Stock Exchange has won a contract to provide the technology platform for a new cross-market central counterparty infrastructure in Central and Eastern Europe.