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

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

News/Depositories

Icap consortium makes EUR830m LCH.Clearnet bid - FT

A consortium of 11 banks and interdealer broker Icap has launched an EUR830 million bid for LCH.Clearnet just weeks after the Depository Trust and Clearing Corporation called off its pursuit of the London clearing house, according to the Financial Times.

11 May 2009

News/Depositories

LCH.Clearnet agrees competitive clearing deals

Just days after revealing swinging price cuts, LCH.Clearnet has stepped up the pressure on rivals by agreeing new competitive clearing offerings for European MTFs Bats Europe, Chi-X, Turquoise and Nyse Arca Europe.

07 May 2009

News/Depositories

LCH.Clearnet slashes clearing costs

LCH.Clearnet is to slash its fees by a third as it responds to the arrival of fresh competition inspired by an EU-mandated Code of Conduct for European clearing agreed last year.

01 May 2009

News/Depositories

DTCC calls off LCH.Clearnet merger

The Depository Trust and Clearing Corporation has called off its pursuit of LCH.Clearnet after the parties failed to reach agreement over a proposed transatlantic merger.

29 April 2009

News/Depositories

LCH.Clearnet recruits BarCap's Joe Reilly to lead SwapClear

LCH.Clearnet has recruited Joe Reilly from Barclays Capital to head up its SwapClear over-the-counter interest rate clearing unit.

07 April 2009

News/Depositories

LSE abandons exchange traded CFDs project

The London Stock Exchange (LSE) has abandoned plans to launch an exchange traded contract for difference (ETcfds) service following discussions with bank and broker clients.

02 April 2009

News/Depositories

LSE debuts post-trade routing technology

The London Stock Exchange is to debut its new post-trade routing technology X-TRM as it launches a Central Counterparty (CCP) service for trading in the 50 most liquid Depositary Receipts (DRs) on the LSE's International Order Book (IOB).

31 March 2009

News/Depositories

CME delays CDS clearing launch as search continues for investors

The Chicago Mercantile Exchange has delayed the launch of its clearing counterparty for credit default swaps as it seeks to attract investment and liquidity promises from the dealer community.

20 March 2009

News/Depositories

LSE pulls out of LCH.Clearnet consortium

The London Stock Exchange has pulled out of a consortium of banks led by inter-dealer broker Icap that is considering a takeover bid for LCH.Clearnet. The independent clearer says it has had extensive talks with the consortium but that it is still awaiting an offer.

13 March 2009

News/Depositories

Eurex in talks to sell CDS clearing stakes

Swiss-German derivatives exchange Eurex says it is in advanced talks to sell stakes in its forthcoming credit default swaps clearing house.

12 March 2009

News/Depositories

LCH.Clearnet mulls buying out investors - FT

London clearer LCH.Clearnet is considering buying out its shareholders and converting into a user-owned utility in a bid to fend off a takeover bid from an Icap-led consortium of banks, according to the Financial Times.

05 March 2009

News/Depositories

ICE wins Fed approval for CDS clearing; Eurex to concentrate on Europe

IntercontinentalExchange (ICE) has received regulatory approval from the Federal Reserve to serve as a clearing house and central counterparty for credit default swap (CDS) transactions.

05 March 2009

News/Depositories

Asean exchanges collaborate on e-trading link

Stock exchanges in Malaysia, Indonesia, Singapore, Thailand and the Philippines have signed a Memorandum of Understanding (MOU) to form an Asean direct market access electronic trading link.

23 February 2009

News/Depositories

LSE revealed as core member of LCH.Clearnet bid consortium

The London Stock Exchange (LSE) has been revealed as a participant in the consortium of inter-dealer brokers and investment banks that is considering a cash offer for LCH.Clearnet.

20 February 2009

News/Depositories

LCH.Clearnet to develop eurozone clearing house for credit default swaps

LCH.Clearnet has announced plans to launch a clearing service for credit default swaps in the Eurozone by December 2009.

13 February 2009