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

SIX- x-clear and EMCF to offer competitive clearing

SIX x-clear and Dutch central counterparty EMCF have signed a Memorandum of Understanding to offer competitive clearing across multiple stock exchange venues.

03 February 2009

News/Depositories

Icap-led consortium preps counter-bid for LCH.Clearnet

UK interdealer broker Icap is part of a consortium of firms mulling a bid for LCH.Clearnet, in a move that could destabilise an agreed takeover of the London clearing house by the US-based Depository Trust and Clearing Corporation.

02 February 2009

News/Depositories

DTCC plans real-time trade guarantee

The Depository Trust & Clearing Corporation (DTCC) has outlined plans to implement a real-time trade date guarantee for equity and corporate and municipal bond transactions, as it looks to ease concerns among market participants over security of settlement.

29 January 2009

News/Depositories

Quadriserv and Eurex Clearing team on transatlantic CCP for securities lending

Eurex Clearing is partnering North America's Quadriserv to offer central counterparty (CCP) clearing and settlement services for securities lending of European equities.

27 January 2009

News/Depositories

European Commission ready to mandate central clearing for CDS deals - Reuters

The European Commission is set to introduce legislation forcing market participants to adopt central clearing of credit derivatives transactions, an anonymous source from the EU's executive body has told Reuters.

22 January 2009

News/Depositories

EuroCCP makes move on Spain as Turquoise gears up for expansion

DTCC subsidiary European Central Counterparty (EuroCCP) is to extend its footprint to Spain next month, as it provides clearing and settlement support for the next stage in the expansion of the bank-backed Turquoise trading platform.

20 January 2009

News/Depositories

Euroclear to introduce ISO 200022-approved corporate actions standard

Euroclear is to introduce a new set of ISO 200022-compliant messages for the exchange of corporate actions information and instructions between central securities depositories and issuer-appointed agents,

18 December 2008

News/Depositories

Investment managers call for urgent UK reform following Lehman 'chaos'

The UK's Investment Manager's Association has called for urgent reform of stock trading and settlement rules after the 'chaos' inflicted on the markets by an escalation in failed trades following the overnight collapse of Lehman Brothers.

08 December 2008

News/Depositories

EMXCo names Euroclear's Yannic Weber CEO

Brussels-based depository Euroclear has installed its UK and Ireland chief executive officer Yannic Weber as CEO of subsidiary firm EMXCo, which provides electronic messaging to automate the flow of investment fund orders.

03 December 2008

News/Depositories

UBS to switch clearing to SIS X-Clear

UBS is set to become the first London Stock Exchange client to switch its clearing from incumbent provider LCH.Clearnet to Switzerland's X-Clear, under a new competitive clearing regime introduced by the LSE in September.

03 December 2008

News/Depositories

UK competition watchdog refrains from intervention in clearing

The UK's Office of Fair Trading has decided not to take any further action in the market for derivatives clearing, after inviting views earlier this year.

02 December 2008

News/Depositories

Omgeo partners with Korean Securities Depository

The Korean Securities Depository is to partner with post-trade utility Omgeo to offer a service bureau for automated trade matching and processing for local investment houses dealing in overseas markets.

27 November 2008

News/Depositories

Nasdaq OMX selected to establish UK power market

Nasdaq OMX has been chosen by the Futures & Options Association (FOA) to set up a UK spot and cash-settled derivatives power exchange.

27 November 2008

News/Depositories

Eurex and Clearstream to introduce CCP for securities lending

Deutsche Börse Group subsidiaries Eurex Clearing and Clearstream Banking Luxembourg have announced plans to introduce a central counterparty service (CCP) for securities lending in Q2 2009.

24 November 2008

News/Depositories

Euroclear to acquire Xtrackter

European depository Euroclear is to acquire Xtrakter, the capital markets services division of trade association ICMA.

20 November 2008

News/Depositories

US regulators sign CDS counterparty clearing MoU

US regulatory agencies have signed a memorandum of understanding to jointly guide the development of central counterparty clearing arrangements for the credit default swaps market.

14 November 2008

News/Depositories

European Commission sets year-end deadline for creation of CDS clearing counterparty

The European Commission has set an end-year deadline for financial market participants to draw up a blueprint for the clearing of credit default swaps.

06 November 2008

News/Depositories

Liffe to self-clear from Q1 next year

To terminate its LCH.Clearnet clearing contract the London-based derivatives exchange owned by Nyse Euronext will make a one-time payment of EUR260 million.

31 October 2008

News/Depositories

ICE to acquire The Clearing Corporation as CDS clearing deadline nears

IntercontinentalExchange is to acquire The Clearing Corporation of Chicago as it gears up for the launch of a central counterparty clearing system for the credit default swaps market in conjunction with nine global dealers.

30 October 2008

News/Depositories

Nasdaq OMX enters energy trading fray with acquisition of Nord Pool units

Nasdaq OMX is to launch a new energy and carbon trading unit after completing the acquisition of Nordic power exchange Nord Pool's clearing, international derivatives and consulting subsidiaries.

22 October 2008