Post-trade & ops

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/Post-trade & ops

Wall Street Systems introduces ASP for the back office

US-based trading and treasury systems vendor Wall Street Systems has unveiled an ASP version of its back office clearing and settlement system at Sibos, citing the possibility of reduced implementation time and operating cost as the reasons for the release.

/Post-trade & ops

TCS and SmartStream team up to launch reconciliation utility

Deutsche Bank, an existing user of SmartStream's reconciliation technology, is the pilot customer for the utility, called TCS Aspire Service. The utility service is powered by SmartStream's Transaction Lifecycle Management (TLM) platform and delivered by Tata Consultancy Services (TCS).

/Post-trade & ops

Misys launches multi-bank trade portal

Misys has launched a trade services portal through which corporate treasurers can manage their trade finance relationships with multiple banking partners.

/Post-trade & ops

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.

/Post-trade & ops

CB.Net wins European Payments Council Sepa data mandate

UK reference data firm CB.Net has been chosen by the European Payments Council (EPC) to provide and manage the centralised repository for the EPC Sepa Credit Transfer (SCT) and Sepa Direct Debit (SDD) schemes.

/Post-trade & ops

Cameron Stockbrokers live with Broadridge's Summit

Australia's Cameron Stockbrokers has implemented the Summit broker client accounting system from Broadridge Financial Solutions to automate its equities brokerage processing operations.

/Post-trade & ops

EDM vendor Citadel appoints Peter Little CEO

Citadel, a London-based provider of enterprise data management (EDM) technology, has appointed fintech veteran Peter Little as its new chief executive officer (CEO).

/Post-trade & ops

Deutsche Börse requests market access under new clearing code

Germany's Deutsche Börse has made formal requests for interoperability and mutual access to exchanges, clearing houses and settlement platforms in five European markets under the new voluntary code of conduct.

/Post-trade & ops

Thunderhead to automate FpML processing for OTC trades across SwiftNet

UK-based Thunderhead has signed a partnership agreement with financial industry network Swift aimed at simplifying OTC derivative post-trade processing across the SwiftNet platform via the use of industry standard FpML messaging.

/Post-trade & ops

STAC sets up benchmark council for trading technology

The Securities Technology Analysis Center (STAC) has recruited seven top Wall Street firms to kick-start a programme for measuring the performance of trading technology solutions.

/Post-trade & ops

Eurex Clearing and SIS x-clear agree interoperability pact

European clearing houses Eurex Clearing and SIS x-clear say they are working together to develop and secure full interoperability and mutual access to the virt-x exchange and the Frankfurt Stock Exchange.

/Post-trade & ops

Deutsche Bank to shield corporate customers from Sepa changes

Deutsche Bank has unveiled a four-pillar strategy to handle all payments with Sepa criteria in the same way as legacy domestic mass payments, irrespective of format, value and access channel. It will also provide message transformation, a new account model, and support for transaction initiation and reconciliation processes for its corporate clients.

/Post-trade & ops

CheckFree adds OTC derivatives processing to TradeFlow

US fintech vendor CheckFree has added an over-the-counter (OTC) derivatives processing module to its post-trade securities processing system, TradeFlow.

/Post-trade & ops

SmartStream plans October IPO

SmartStream will list on the London Stock Exchange in early October and hopes to raise £70-£100 million, giving the company a market capitalisation in the range of £250-£300 million. This would make it London's largest main board listing of a technology company since 2001.

/Post-trade & ops

Murex signs La Caxia to MX.3 platform

Spanish savings bank Caixa d'Estalvis i Pensions de Barcelona (La Caixa) is installing Murex's integrated cross-asset trading and risk management platform MX.3 across its treasury division.

/Post-trade & ops

Finextra launches professional network

Finextra is proud to announce the live launch of Finextra Communities, a professional networking site developed exclusively for the global financial technology industry.

/Post-trade & ops

E-invoicing network to save EUR243 billion in EU supply chain costs

The European Commission (EC) is setting up a steering committee to oversee the establishment of a common invoicing framework that would allow businesses across the region to send invoices and receive corresponding payments electronically.

/Post-trade & ops

Boat gears up for November launch; Turquoise board appointed

Project Boat, the European trade reporting platform that is being established by nine City investment banks, will start reporting two-thirds of the EU's off-exchange share trades when it launches in November.

/Post-trade & ops

LCH.Clearnet calls on Germany and Milan to open markets under new clearing code

LCH.Clearnet is to test a new voluntary code for improving transparency in European securities markets by issuing formal requests to both Deutsche Börse and Borsa Italiana for full interoperability with Eurex Clearing and Cassa di Compensazione e Garanzia respectively.

/Post-trade & ops

Dexia turns to Sterci for payments overhaul

Dexia Bank Belgium is to use the Stelink messaging platform from Swiss-based Sterci to renew its payments infrastructure ahead of the introduction of the Single Euro Payments Area (Sepa) and the Target 2 funds transfer system.