Latest Post-trade & ops News: Finextra Research

Deutsche Bank accused of multiple failures in swaps data reporting

Deutsche Bank is facing sanctions from US regulators over a catalogue of failures that afflicted its swaps data reporting functions.

19 August 2016

News/Post-trade & ops

Euronext to buy 20% stake in EuroCCP

European exchange group Euronext has agreed to pay around EUR14 million for a 20% stake in central counterparty EuroCCP.

17 August 2016

News/Post-trade & ops

Former Traiana chief to launch blockchain-based post-trade platform

A 'blockchain inspired' post-trade peer-to-peer network co-founded by the former CEO of Traiana Andy Coyne, is to commence beta testing with eight institutional FX market participants following successful proof-of-concept trials.

17 August 2016

News/Post-trade & ops

CPMI-Iosco reports push CCP regulatory agenda

Derivatives central counterparties (CCPs) have made meaningful progress in boosting their resilience in recent years but more work is needed to ensure consistency around the world, according to new reports from major global bodies.

16 August 2016

News/Post-trade & ops

Blockchain to become 'beating heart' of financial system

Blockchain technology will fundamentally alter the way financial institutions do business, according to a report from the World Economic Forum.

12 August 2016

News/Post-trade & ops

Bitcoin and blockchain pose little risk to payments giants - Credit Suisse

Visa, MasterCard, WorldPay and others in the payments sector can relax: Bitcoin will remain a niche player and blockchain technology poses little risk, according to a new report from Credit Suisse, which has less comforting news for Swift.

05 August 2016

News/Post-trade & ops

Call for standards to aid fintech growth

Standards have the potential to strengthen and speed up fintech development in the UK, according to a paper recently published by BSI.

28 July 2016

News/Post-trade & ops

Computer coding error costs Citigroup $7 million

The US Securities and Exchange Commission has slapped a $7 million fine on Citigroup to settle charges that a computer coding error caused the firm to provide the agency with incomplete 'blue sheet' information about trades it executed.

14 July 2016

News/Post-trade & ops

DTCC shifts reference data services to AWS cloud

The Depository Trust & Clearing Corporation (DTCC) is shifting more of its applications to Amazon Web Services in a progressive effort to cut costs by migrating to the cloud and eliminating the need to buy, build and maintain internal servers, storage and security structures.

13 July 2016

News/Post-trade & ops

R3 bids to develop master templates for smart contracts

The R3 blockchain consortium is working with Barclays Bank, Isda and legal and academic bodies to explore the development of a repository of master templates for smart contracts when trading and managing securities on distributed and shared ledgers.

13 July 2016

News/Post-trade & ops

Brexit: Visa could move jobs to continent, LSE-Deutsche Bourse London HQ at risk

The Brexit fallout continues, with concerns rising that Visa might move hundreds of jobs out of the UK, the London Stock Exchange's merger with Deutsche Bourse could be hampered, and the City's role running euro clearing is under threat.

29 June 2016

News/Post-trade & ops

2016 Wall Street blockchain investment to top $1bn

Financial service firms and technology providers around the world will spend more than $1 billion this year as they race to bring distributed ledger tech to capital markets, claims Greenwich Associates.

24 June 2016

News/Post-trade & ops

Marketplace lending and distributed ledgers pose threats to financial stability - FSOC

The Financial Stability Oversight Council (FSOC) has zoned in on marketplace lending and distributed ledger technology as emerging threats to the safe operation of financial markets.

22 June 2016

News/Post-trade & ops

BNP Paribas apoints custody and clearing head to lead new innovation lab

BNP Paribas Securities Services has set up a 20-person innovation and digital lab (I&D Lab) staffed by industry veterans to focus on the use of big data and distributed ledger technologies and potential investment oppotunities in the fintech sector.

22 June 2016

News/Post-trade & ops

ASX lifts stake in Digital Asset Holdings

The Australian Securities Exchange is to lift its stake in blockchain startup Digital Asset Holdings, reinforcing its determination to press ahead with plans to develop a new post-trade platform based on distributed ledger technology.

22 June 2016

News/Post-trade & ops

Euroclear explores use of blockchain in London gold markets

Euroclear is exploring the potential of using blockchain technology to create a next generation settlement service for the London gold market.

22 June 2016

News/Post-trade & ops

French firms to build post-trade blockchain infrastructure for SMEs

BNP Paribas Securities Services, Euronext and Société Générale are among the members of a seven-strong consortium that has banded together to investigate the development of a post-trade blockchain infrastructure for SMEs in Europe.

21 June 2016

News/Post-trade & ops

Deutsche Bourse sets up fintech venture fund

Deutsche Bourse is to set up a dedicated fintech venture fund, DB1, to invest in early to growth stage companies operating in the capital markets arena.

21 June 2016

News/Post-trade & ops

Technology overhaul central to $1 billion Morgan Stanley cost-cutting effort

Morgan Stanley is to seek $1 billion in costs cuts through a combination of outsourcing, technology streamlining, and expense reduction measures.

15 June 2016

News/Post-trade & ops

UK derivatives startup shelved due to new swaps rules

A UK startup designed for the off-exchange derivatives trading market has been unexpectedly wound up after it fell foul of strict new rules on the trading of swaps, reports the Financial Times.

10 June 2016