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

SGX to launch post-trade processing service

Singapore Exchange (SGX)is deploying CheckFree TradeFlow in its SGX Prime service for post-trade processing of securities at the exchange's central depository.

09 October 2006

News/Depositories

OMX sells stake in securities depository VPC

Scandinavian trading technology vendor OMX has made a capital gain of SKr80 million from the sale of its 19.78% stake in Swedish securities depository VPC.

04 October 2006

News/Depositories

Euroclear and Clearstream enhance daytime bridge link

Euroclear and Clearstream are enhancing the existing automated daytime 'bridge' between the two securities depositories to increase the capacity for same-day transaction settlement and securities financing.

27 September 2006

News/Depositories

Borsa Italiana chief outlines plans for EUR21.5bn pan-European super exchange

Massimo Capuano, the chief executive of Borsa Italiana, has outlined a EUR21.5bn proposal to merge the Italian market with its larger rivals Euronext and Deutsche Börse to create a pan-European super exchange.

21 September 2006

News/Depositories

Eurex Clearing sets sight on UK market

Deutsche Börse's clearing subsidiary Eurex Clearing has applied to UK financial regulators for permission to operate in London.

15 September 2006

News/Depositories

Clearstream Services reports Luxembourg PKI deal

A consortium led by Deutsche Börse subsidiary Clearstream Services has won a deal to provide a public key infrastructure (PKI) for LuxTrust, a JV established by the Luxembourg Ministry of Economic Affairs and banks in the region to develop a common PKI covering the country's economic marketplace.

31 July 2006

News/Depositories

LCH.Clearnet ditches IT integration project

European clearing house LCH.Clearnet is to write off EUR47.8 million in capitalised technology costs as it pulls the plug on an "over-complex" IT integration project that has already claimed the jobs of a number of top executives.

21 July 2006

News/Depositories

LCH.Clearnet names Roger Liddell group CEO

European clearing house LCH.Clearnet has appointed Roger Liddell as group chief executive, replacing David Hardy who quit earlier this month.

20 July 2006

News/Depositories

SGX CEO calls for ASEAN clearing and depository utility

The Singapore Exchange (SGX) has called for further integration of the ASEAN capital markets to respond to global competition, including the establishment of an exchange-owned regional clearing and depository utility.

19 July 2006

News/Depositories

European Central Bank to explore pan-European settlement system

The European Central Bank is exploring the prospect of creating a harmonised securities settlement system in the euro area.

07 July 2006

News/Depositories

ASX licenses IT&e risk technology

The Australian Stock Exchange (ASX) is implementing Sydney-based IT&e's risk management system, Razor, at its clearing house.

27 June 2006

News/Depositories

Thomson TradeWeb to launch CreditXpress STP service

Online fixed income exchange Thomson TradeWeb is launching CreditXpress, a straight-through processing platform for the corporate debt and credit derivatives markets.

20 June 2006

News/Depositories

CME's Donohue slams single European CCP

The establishment of a single European central counterparty service (CCP) for securities trading would prevent competition and raise costs for users, Chicago Mercantile Exchange (CME) chief executive Craig Donohue has warned.

09 June 2006

News/Depositories

Bank of France rolls out Vermeg's Megara

The Bank of France is implementing Vermeg's J2EE-based platform, Megara, to manage its securities, custody and depository activities.

06 June 2006

News/Depositories

SIS x-clear vows to undercut LCH.Clearnet

Following its deal to provide clearing services for the LSE, Swiss central counterparty SIS x-clear says it is determined to undercut fees charged by LCH.Clearnet, currently the sole clearing provider for the London exchange's equity business.

02 June 2006

News/Depositories

Euroclear launches single settlement engine

Brussels-based depository Euroclear has launched phase one of its pan-European single settlement engine (SSE) at its French operations.

30 May 2006

News/Depositories

Lack of competition pushing up trading costs for EU investors says Commission

The European Commission has criticised the lack of competition in EU securities clearing and settlement in a report that compares the cost of trading across seven different bourses.

25 May 2006

News/Depositories

LSE teams with SIS x-clear to offer choice of clearing services

The London Stock Exchange has inked a deal with SIS x-clear that will allow its customers to choose whether to clear trades through the Swiss central counterparty or through LCH.Clearnet, currently the sole clearing provider for the exchange's equity business.

24 May 2006

News/Depositories

Patchy progress for G30 clearing and settlement reforms

The high profile G30 advisory group is reporting only patchy progress in international efforts to meet the 20 recommendations it laid down three years ago for improving global clearing and settlement systems.

24 May 2006

News/Depositories

UK to move to pan-European corporate action standards

A new working group - jointly chaired by the British Bankers' Association (BBA) and CrestCo - has been established to ensure UK compliance with new pan-European corporate action standards.

16 May 2006