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

LCH.Clearnet backs down on SIS x-clear access

LCH.Clearnet has backed down in its stand-off with Swiss central counterparty SIS x-clear over free access to the London Stock Exchange's equity business as required under the EC's voluntary code of conduct but has attacked European rivals for failing to cooperate.

10 March 2008

News/Depositories

Euroclear establishes IT division

European depository Euroclear is establishing a "project delivery services" division that will manage the generic technology operations that support its projects and programmes.

06 March 2008

News/Depositories

LCH.Clearnet wins Equiduct Trading clearing deal

Börse Berlin has selected LCH.Clearnet to provide clearing and settlement services for its MiFID-compliant pan-European Equiduct Trading platform, which is expected to launch in the middle of the year.

04 March 2008

News/Depositories

Liffe to move into clearing - Bloomberg

London-based derivatives exchange Liffe is planning to enter the clearing business in a bid to fight off competition from Project Rainbow, the European exchange being set up by investment banks, according to a Bloomberg report.

27 February 2008

News/Depositories

LCH.Clearnet blocks SIS x-clear

Swiss central counterparty SIS x-clear has been forced to delay the launch of its UK equity clearing service after LCH.Clearnet refused to allow it free access to the London Stock Exchange's equity business as required under the EC's voluntary code of conduct.

18 February 2008

News/Depositories

LCH.Clearnet licenses IT&e risk management technology

European clearing house LCH.Clearnet is implementing risk management technology supplied by Sydney-based IT&e Limited.

05 February 2008

News/Depositories

Deutsche Bank to mark Sepa launch with charity payments; EBA to link Polish banks

Deutsche Bank is marking the launch of the single euro payments area (Sepa) by making compliant payments of EUR2801 - representing the date of the launch - to charities within the 15 euro zone countries.

25 January 2008

News/Depositories

Turquoise chief Lederman to keynote at Finexpo

Eli Lederman, the newly-installed chief executive of bank-backed equities trading venue Turquoise, is among a roster of top-level keynote speakers participating in this year's Finexpo, the capital markets industry's leading technology conference and exhibition, taking place at The Brewery, Chiswell Street, London on 30 January.

11 January 2008

News/Depositories

Germany's Helaba signs for SimCorp Dimension

Danish fintech vendor SimCorp has signed Germany's Landesbank Hessen-Thüringen Girozentrale (Helaba) to its investment management platform, Dimension.

08 January 2008

News/Depositories

CCorp takes on new shareholders to target OTC markets

In a bid to become a major force in the post-trade OTC derivatives markets, the Clearing Corporation has completed a major restructuring that transfers ownership to 17 stockholders, including 12 major global dealers, three leading inter-dealer brokers, derivatives exchange Eurex and Markit Group.

21 December 2007

News/Depositories

ECB consults on Target2-Securities

The European Central Bank (ECB) is launching a public consultation on its controversial initiative to establish an integrated securities settlement system in the euro zone.

18 December 2007

News/Depositories

CLS Bank extends settlement service to non-deliverable forwards

CLS Bank International has extended the CLS settlement service to non-deliverable forward foreign exchange transactions.

07 December 2007

News/Depositories

FESE cautions over ECB securities settlement project

The Federation of European Securities Exchanges (FESE) has voiced concerns over the cost implications to its members of the European Central Bank's (ECB) plan to introduce an integrated securities settlement system in the euro zone and has called for more clarity and a clear business case for the project.

06 December 2007

News/Depositories

Clearstream sells Luxembourg HQ for EUR350m

Securities depository Clearstream has agreed a EUR350 million deal with German property company IVG Immobilien for the sale and leaseback of its headquarters in Luxembourg.

29 November 2007

News/Depositories

Clearstream taps Target2 liquidity for overnight collateral service

Securities depository Clearstream has launched a euro night-time funding link (ENTFL) for customers to access liquidity held in Target2 accounts and make it available for the settlement of euro transactions during night-time processing.

22 November 2007

News/Depositories

ECB hails launch of Target2

Target2, the EU-wide real-time gross settlement (RTGS) system for large value payments, has been successfully launched, says the European Central Bank (ECB).

20 November 2007

News/Depositories

EuroCCP names Citi's Diana Chan CEO; Merrill's Trevor Spanner COO

EuroCCP - the DTCC clearing and settlement subsidiary that will provide services to Project Turquoise - has named Citi's Diana Chan as its new CEO and Trevor Spanner from Merrill Lynch as COO.

01 November 2007

News/Depositories

Kas Bank deploys Microsoft's BizTalk

Netherlands-based custody and clearing specialist Kas Bank is moving its payments processing away from the mainframe and installing Microsoft's BizTalk Server and BizTalk Accelerator for Swift messaging.

03 October 2007

News/Depositories

Depositories question European Central Bank settlement plans

The two leading central securities depositories (CSDs) Euroclear and Clearstream have asked for more clarity over the European Central Bank's (ECB) plan to introduce a single platform for European securities settlement through the Target2 Securities (T2S) project.

02 October 2007

News/Depositories

Euroclear and Clearstream to co-operate on three-year STP programme

European depositories Clearstream and Euroclear are to co-operate with the newly-formed International Securities Market Advisory Group (Ismag) to deliver a set of standards for raising STP rates in issuance and servicing of international securities, including eurobonds and structured products.

27 September 2007