Finextra Research: Latest fintech news, analysis, interviews, features and opinion by industry experts

Cinnober wins LME clearing contract

The London Metal Exchange (LME) has selected Cinnober, the Swedish software house, as the core technology provider for its new clearing house, LME Clear.

16 July 2012

News/Depositories

DTCC outlines plan to eliminate paper stocks

The Depository Trust and Clearing Corporation (DTCC) has outlined a multi-year programme for the complete elimination of paper securities certificates from US financial markets.

09 July 2012

News/Depositories

Euroclear to join T2S project

The European Central Bank's plans to develop a common framework for securities settlement across Europe have been boosted by the agreement of three Euroclear central depositories in Belgium, France and The Netherlands to participate in the scheme.

12 June 2012

News/Depositories

Clearstream and Iberclear team on Spanish collateral management service

Clearstream has inked a deal with BME-owned central securities depository Iberclear, that will see the pair develop a tri-party collateral management service for Spain by 2013.

22 May 2012

News/Depositories

Calypso and Cinnober shortlisted for LME Clear

Calypso and Cinnober will go head-to-head in a battle to win the contract to build a new clearing house for the London Metal Exchange.

17 May 2012

News/Depositories

Up to one in ten trades still fail to settle on time

With market regulators pushing for a shortening of settlement cycles, new research from trade matching utility Omgeo indicates that trade failure rates may be as high as 10% in the equity market and seven per cent in fixed income markets.

16 May 2012

News/Depositories

ECB signs nine depositories to T2S project

Nine central securities depositories have signed up to participate in the European Central Bank's controversial Target 2 Securities (T2S) platform, which is intended to streamline securities settlement across the Eurozone.

08 May 2012

News/Depositories

LCH.Clearnet in discussions to acquire IDCG from Nasdaq OMX

European clearing house LCH.Clearnet has confirmed that it is in discussions to acquire International Derivatives Clearing Group (IDCG) from Nasdaq OMX as it bids to grow its interest rate swaps business in the US.

24 April 2012

News/Depositories

Regulators release new market infrastructure standards

International banking and securities regulators have set out new and more demanding standards for operators of payments, clearing and settlement systems as part of an international effort to boost the resiliency of the financial markets.

16 April 2012

News/Depositories

EU Parliament votes through OTC rules

European lawmakers have approved tough new rules governing trading in the over-the-counter derivatives market.

29 March 2012

News/Depositories

Nyse to invest $85 million in new European derivatives clearing house

Nyse Euronext is to spend $85 million on developing a new clearing house for its derivatives business in Europe, terminating an existing relationship with LCH.Clearnet.

28 March 2012

News/Depositories

Nasdaq OMX suspends plans for competitive clearing

Nasdaq OMX has postponed plans to introduce interoperable clearing in the Nordic cash equity markets in April, citing regulatory uncertainties.

26 March 2012

News/Depositories

Commission proposes EU-wide settlement overhaul

The European Commission is promising to shake up cross-border securities settlement in the EU by cutting settlement timeframes and establishing a common regulatory framework for the region's 30+ central securities depositories.

07 March 2012

News/Depositories

Clearstream and Strate plan South African collateral management co-operation

Clearstream has signed a letter of intent with Strate, the South African central securities depository that could see domestic collateral management services outsourced to the Deutsche Bourse unit.

19 January 2012

News/Depositories

Regulators demand action on Legal Entity Identifiers

International regulatory authorities have called for the urgent creation of a universal Legal Entity Identifier (LEI) in their final report on the OTC derivatives data that should be collected, stored and disseminated by trade repositories (TRs).

17 January 2012

News/Depositories

FSB establishes LEI and CCP working groups

The BIS-backed Financial Stability Board has set up a working group to deliver concrete recommendations on governance issues relating to the management of new Legal Entity Identifiers (LEI) in the global securities markets.

11 January 2012

News/Depositories

Swift, SIA and Colt win T2S connectivity licenses

Europe's central banks have awarded the two Target2Securities (T2S) connectivity licenses to Swift and a consortium made up of SIA and Colt.

09 January 2012

News/Depositories

Bats Chi-X Europe rolls out four-way clearing interoperability

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

09 January 2012

News/Depositories

Markit and Euroclear team on European loan market services

Markit and Euroclear Bank have inked a memorandum of understanding that will see them build an end-to-end post-trade platform for syndicated loans.

19 December 2011

News/Depositories

Deutsche Börse and Nyse Euronext offer more concessions to regulators

Deutsche Börse and Nyse Euronext have offered the European Commission more concessions in a bid to allay antitrust concerns and secure approval for their $9 billion merger deal.

13 December 2011