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

Company update/Fixed income and OTC derivatives

ICE agrees to buy two data units from McGraw Hill

Intercontinental Exchange (ICE), a leading operator of global exchanges, clearing houses and data services, announced today that it has entered into a definitive agreement to acquire Standard & Poors Securities Evaluations, Inc. (SPSE), a leading provider of fixed income evaluated pricing, and Credit Market Analysis (CMA), a leading provider of independent data for the over-the-counter (OTC) markets, two assets under the S&P Global Market Intelligence business unit, from McGraw Hill Financial (NYSE (NYX): MHFI).

01 March 2016

Company update/Fixed income and OTC derivatives

EU adopts new rules on central clearing for credit derivatives

The European Commission has adopted a new set of rules that requires certain over-the-counter (OTC) credit derivative contracts to be cleared through central counterparties (CCPs).

01 March 2016

Company update/Fixed income and OTC derivatives

NSD launches PVP settlement service

National Settlement Depository (NSD), Russia’s central securities depository, has launched a new service allowing to process client cross-currency settlements – payment versus payment (PVP-1).

01 March 2016

Company update/Fixed income and OTC derivatives

Singapore Exchange goes live with Millennium PostTrade

MillenniumIT, London Stock Exchange Group’s proprietary technology business, today announces that it has successfully implemented its Millennium PostTrade platform to support SGX’s Central Depository Pte. Limited’s (CDP) business.

24 February 2016

Company update/Fixed income and OTC derivatives

Trad-X announces new initiatives in IRS market

Trad-X, the market-leading platform for the trading of global interest rate derivatives, has announced a series of initiatives to boost liquidity and strengthen its presence in the global interest rate swap (IRS) market.

22 February 2016

Company update/Fixed income and OTC derivatives

EBS BrokerTec sees further growth in eFix Matching

EBS BrokerTec, ICAP's market-leading electronic foreign exchange (FX) and fixed income business, announces today that it has launched 12 new daily WMR fixes through the eFix Matching solution, with plans to provide electronic execution for all 24 hourly WMR fixes by the end of the first quarter 2016.

22 February 2016

Company update/Fixed income and OTC derivatives

EU and US agree common approach for transatlantic CCPs

Commissioner Jonathan Hill and the US Commodity Futures Trading Commission (CFTC) Chairman Timothy Massad have today announced a common approach regarding requirements for central clearing counterparties (CCPs).

10 February 2016

Company update/Fixed income and OTC derivatives

Bats Chi-X Europe and Traiana link for OTC equity trade clearing

Bats Chi-X Europe (Bats), Europe’s largest stock exchange, and Traiana, a leading provider of pre-trade risk and post-trade processing solutions, today announced a joint service that will extend OTC equity trade CCP clearing to a greater number of market participants.

10 February 2016

Company update/Fixed income and OTC derivatives

Icap's Q3 revenue dips in challenging markets

ICAP plc (IAP.L), a leading markets operator and provider of post trade risk mitigation and information services, announces today its trading statement for the period from 1 October 2015 to 31 December 2015.

09 February 2016

Company update/Fixed income and OTC derivatives

Interactive Data scores AllianceBernstein deal

Intercontinental Exchange (NYSE: ICE), a leading operator of global exchanges, clearing houses and data services, announced today that its subsidiary, Interactive Data, will work with AllianceBernstein L.P. (AB) to help the firm evaluate its trade execution quality and perform transaction cost analysis (TCA).

03 February 2016

Company update/Fixed income and OTC derivatives

CDCC and NGX receive CCP recognition from Esma

TMX announced today that both NGX, a North American energy exchange and central clearing counterparty (CCP), and the Canadian Derivatives Clearing Corporation (CDCC), Canada's national CCP for exchange-traded derivative products, certain over-the-counter (OTC) products and repos, have received third country CCP recognition from the European Securities and Markets Authorities (ESMA), effective immediately.

01 February 2016

Company update/Fixed income and OTC derivatives

RHB goes live with Fidessa across Asia

Fidessa group plc (LSE:FDSA) today announced that RHB Investment Bank (RHB), a premier Malaysian bank, has implemented Fidessa as its strategic trading platform across Asia.

01 February 2016

Company update/Fixed income and OTC derivatives

TruEX completes first electronic Mexican peso swap transaction

trueEX, the fastest growing swap execution facility (SEF), has created another industry innovation with the execution of the first dealer to client Mexican peso (MXN) interest rate swaps trades on its award-winning platform.

28 January 2016

Company update/Fixed income and OTC derivatives

Ravn Systems releases automated data extraction platform for ISDA

Ravn Systems, experts in Artificial Intelligence, Enterprise Search, Unstructured Big Data and Knowledge Management, announced today the release of Ravn ACE for automated data extraction for ISDA (International Swaps and Derivatives Association) Master Agreements and Credit Support Annexes (CSAs) using Artificial Intelligence.

25 January 2016

Company update/Fixed income and OTC derivatives

FXecosystem extends connectivity capability into bond market

FXecosystem is extending its FX expertise into the bond market.

25 January 2016

Company update/Fixed income and OTC derivatives

Liquidnet launches EMEA Next Gen Algos

Liquidnet, the global institutional trading network, today announced the launch of its EMEA Next Gen Algo suite, which is designed to enhance the trading performance of its institutional Members.

18 January 2016

Company update/Fixed income and OTC derivatives

Isda updates strategy, expands board of directors

The International Swaps and Derivatives Association, Inc. (Isda) has announced that its Board of Directors has voted to increase the size of the Isda Board from 26 to 30.

13 January 2016

Company update/Fixed income and OTC derivatives

Bank of China (Hong Kong) selects smartTrade for next generation e-FX infrastructure

SmartTrade Technologies, a global leader in multi asset, end-to-end trading solutions for Tier1, Tier2, regional Banks, Brokers and Asset Managers, has been selected by Bank of China (Hong Kong), a leading regional bank in Hong Kong, to deliver a cutting edge low latency e-FX platform.

12 January 2016

Company update/Fixed income and OTC derivatives

TriOptima launches triResolve Margin

TriOptima, an award-winning post trade infrastructure provider, announces the launch of its latest post trade service, triResolve Margin, a web-based, end-to-end margin processing solution delivered in collaboration with AcadiaSoft.

12 January 2016

Company update/Fixed income and OTC derivatives

Optiver signs multi-year deal for Torstone's sub-ledger system

Torstone Technology, a leading provider of post-trade securities and derivatives processing, today announces that Optiver, the global electronic market maker, has signed a multi-year deal to use Torstone’s sub-ledger system, Inferno SL, to provide a consolidated balance sheet and perform reconciliations with clearing banks.

11 January 2016