Latest Post-trade & ops News: Finextra Research

Omgeo and EuroCCP equities matching and CCP service executes first trade

Omgeo and EuroCCP's pan-European equities central counterparty service for hedge fund transactions has executed its first live trade with Credit Suisse and Citadel.

18 October 2010

News/Post-trade & ops

LSE extends UnaVista to swaps market

The London Stock Exchange has extended its UnaVista service to the swaps market, automating the trading of CFDs and other equity derivatives and enabling users to communicate and match data through the platform.

13 October 2010

News/Post-trade & ops

XSP launches corporate actions mobile app

XSP has launched a mobile application for corporate actions processing, enabling users to access notifications on the move and process responses and elections.

12 October 2010

News/Post-trade & ops

Standards bodies bid to bring STP to tangled financial plumbing

Financial messaging bodies have agreed a common 'investment roadmap' designed to guide market participants through the confusing maze of multiple overlapping industry standards within the securities industry.

12 October 2010

News/Post-trade & ops

Swift links securities matching system to multiple CCPs

Financial messaging outfit Swift is set to link its securities matching system to a range of central clearing counterparties, including EuroCCP, Six x-clear and LCH.Clearnet, enabling brokers to direct their matched off-exchange trades to a variety of providers.

21 September 2010

News/Post-trade & ops

Join the big conversation with Finextra@Sibos

Finextra is ushering in a new era of dialogue and debate at Sibos 2010 in Amsterdam with the launch of a revamped Web site and community tools purpose-built for delegate and vendor interaction.

17 September 2010

News/Post-trade & ops

Citi to pilot XBRL for corporate actions

Citi has signed up to pilot the use of XBRL for corporate actions in a bid to improve straight-through processing in the paper-prone events information market.

17 September 2010

News/Post-trade & ops

Financial industry loosens purse strings for data management projects

Financial firms grappling with a host of regulatory, risk and compliance issues are freeing up budgets to address the results of years of fragmented data management operations, according to a survey compiled by the EDM Council and consultancy Headstrong.

16 September 2010

News/Post-trade & ops

IT spending on reconciliation and exception management set to soar - Celent

Global IT spending on reconciliation exception management will hit $700 million this year, with around half of this making its way to third party software vendors, according to research house Celent.

15 September 2010

News/Post-trade & ops

T2S costs creep up, but business case remains 'robust' says ECB

The European Central Bank has released preliminary figures outlining the fees that will be charged to market participants for using the forthcoming cross-border Target 2 Securities settlement system.

13 September 2010

News/Post-trade & ops

Capital markets firms spend $13.4bn on trading infrastructures in 2010 - Tabb

Capital markets firms around the world are set to spend $13.4 billion this year, across asset classes, on trading infrastructures, according to a report from Tabb Group.

07 September 2010

News/Post-trade & ops

JPMorgan prioritises tech investment as Compton moves to chief admin post

JPMorgan has named Paul Compton as chief administrative officer of its investment bank, as it bids to streamline and improve technology across the business, the Wall Street Journal reports.

06 September 2010

News/Post-trade & ops

BNP Paribas deploys Clear2Pay framework for Asian payments hub

BNP Paribas has selected technology from Clear2Pay to build a single payments management platform covering 13 countries in Asia.

24 August 2010

News/Post-trade & ops

Acquisitions are now part of Swift's 2015 'toolkit'

Interbank co-operative Swift says it could be in the market for more acquisitions following its recent deal to acquire SunGard's Ambit Messaging Hub gateway product.

17 August 2010

News/Post-trade & ops

CESR considers mandatory electronic trade confirmation for OTC derivatives

The Committee of European Securities Regulators is considering mandating the use of electonric trade confirmation in the over-the-counter derivatives market as part of a regulatory overhaul designed to promote further standardisation and shift more dealing to organised trading venues.

20 July 2010

News/Post-trade & ops

Swift to acquire SunGard's Ambit Messaging Hub

Interbank co-operative Swift is to buy SunGard's Ambit Messaging Hub, which offers banks and corporates a high volume interface to the international financial messaging network. Terms of the transaction were not disclosed.

19 July 2010

News/Post-trade & ops

DTCC buys reference data firm Avox; plans European trade reporting repository

The Depository Trust & Clearing Corporation (DTCC) has acquired Avox, a UK-based reference data firm majority-owned by Deutsche Börse in a cash deal valuing the business at a "low double digit million GBP figure".

01 July 2010

News/Post-trade & ops

Nasdaq OMX to build Nordic clearing house for interest rate swaps

Nasdaq OMX has initiated a pilot project with SEB and the Swedish National Debt office to offer central counterparty clearing of interest rate swaps as a prelude to the creation of a full scale clearinghouse for IRS in Swedish kronor.

23 June 2010

News/Post-trade & ops

Broadridge buys City Networks

Broadridge Financial Solutions has acquired City Networks, a long-standing UK-based provider of reconciliation, multi-asset process automation and operational risk management software and services to the finance industry. Financial terms were not disclosed.

21 June 2010

News/Post-trade & ops

Finextra: the conversation started a decade ago

Finextra is celebrating a decade of innovation as the leading news service, information resource and community platform for financial technology professionals worldwide.

18 June 2010