Post-trade & ops

3723 articles tagged with this keyword

/Post-trade & ops

Outsourcing and offshoring take centre stage at Finexpo

Finexpo - Outsourcing Strategies, a new one-day conference and exhibition from Finextra on 5 June in London will feature keynote presentations from Deutsche Bank, IBM and Société Générale. It will also feature panel discussions covering best practice and the latest outsourcing trends on the sell-side and buy-side - from business processes such as trade execution, risk management and analysis through to back-office processing, infrastructure and application development.

/Post-trade & ops

Standards bodies collaborate for interoperability

The major financial market standards bodies have collaborated to create an 'investment roadmap' aimed at eventually establishing ISO 20022 as the common financial messaging standard, while maintaining the existing independent protocols.

/Post-trade & ops

Omgeo moves to eliminate paper confirm disclosures

Post trade processing outfit Omgeo says its broker dealer clients will soon be able to eliminate paper-based disclosures associated with trade confirmations and send the information electronically, whilst complying with SEC regulations.

/Post-trade & ops

Back offices buckle under OTC volume surge

Despite concerted efforts since 2005 to improve operational efficiency in the credit derivatives markets, trading surges in the OTC markets since the credit crunch have resulted in corresponding spikes in unconfirmed trades clogging up back offices.

/Post-trade & ops

Crunch to squeeze sell side spending on technology

Spending on technology by sell side firms in North America will rise at a compound annual growth rate (CAGR) of just 1.3% through to 2011 - down significantly from the 8.5% growth seen between 2004 and 2007, as companies hit by the credit crunch revise IT budgets, according to a study by analyst house Celent.

/Post-trade & ops

Furse calls for regulators to intervene on vertical silos

London Stock Exchange (LSE) chief executive Clara Furse has called on the UK's regulators to act to prevent a "domino effect" of spreading anti-competitive behaviour in the exchange clearing business.

/Post-trade & ops

Swift messaging framework for hedge funds gathers pace

Financial messaging network Swift is looking to extend its influence into the hedge fund sector with the introduction of a new set of message standards for automating communications in the transaction chain.

/Post-trade & ops

European securities depositories to launch settlement venture

A group of seven European central securities depositories (CSDs) are gearing up to launch a joint venture aimed at cutting settlement costs across the region in accordance with the European Commission's voluntary code of conduct.

/Post-trade & ops

Fed warns of persistent processing problems in OTC derivatives market

Despite moves by the largest credit derivatives dealers to clear settlement backlogs, the major volume surges in mid-2007 showed that "processing challenges" still persist in the over the counter derivatives (OTC) markets, says The Federal Reserve Bank of New York.

/Post-trade & ops

Spending on OTC derivatives automation to surge - Tabb

Banks will spend $70 million on automating over-the-counter (OTC) derivatives processing in 2008, rising to $120 million in 2010 - a compound annual growth rate (CAGR) of 30%, according to estimates from Tabb Group.

/Post-trade & ops

MarketAxess buys FIX outfit Greenline Financial Technologies

US electronic bond trading network MarketAxess has acquired Chicago-based FIX specialist Greenline Financial Technologies in a cash and stock deal worth around $42 million.

/Post-trade & ops

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.

/Post-trade & ops

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.

/Post-trade & ops

Weeden and Pragma launch OnePipe dark pool aggregator

US institutional broker Weeden & Co has teamed with New York's Pragma Financial Systems to launch OnePipe, a single crossing network that taps up to 25 dark liquidity pools.

/Post-trade & ops

Nyse Euronext partners with SuperDerivatives

Options pricing outfit SuperDerivatives is to offer direct access to the Liffe Connect electronic trading platform, further speeding the convergence between OTC and exchange-traded derivatives markets.

/Post-trade & ops

Disaffected Orc staff resurface at Tbricks

Former employees of Swedish trading system vendor Orc Software, who left the vendor in acrimonious circumstances in late 2006, have resurfaced at the helm of a new auto-trading company called Tbricks.

/Post-trade & ops

Intesa Sanpaolo to standardise on IdenTrust

Intesa Sanpaolo is expecting to see a 223% return on investment following implementation of the IdenTrust platform as a global standard for client authentication.

/Post-trade & ops

Charles River makes headway in Japan with Mitsubishi implementation

Mitsubishi UFJ Asset Management (MUAM) has completed the first phase of a major project to move its fixed income operations on to the Charles River Investment Management System (IMS).

/Post-trade & ops

HCL Technologies buys CapitalStream for $40m

Indian IT services outfit HCL Technologies has acquired CapitalStream, a US provider of front office automation technology to North American banks, in an all cash deal worth around $40 million.

/Post-trade & ops

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.