Latest Post-trade & ops News: Finextra Research

Nine banks back blockchain collaboration plan

Nine of the world's largest banks are backing an initiative to create a set of global standards for the use of distributed ledger technology in financial markets.

15 September 2015

News/Post-trade & ops

Deutsche Bourse Asian expansion plans hit by turbulence and software delays

Deutsche Bourse has delayed the launch of its planned Asian exchange and clearing house by 18 months, prompted by recent market turbulence and troublesome software issues, Reuters reports.

10 September 2015

News/Post-trade & ops

Visa, Citi, Nasdaq, Fiserv and Capital One back blockchain startup Chain

Five financial services heavyweights have joined in a $30 million funding round for blockchain startup Chain, which is aiming to overturn Wall Street conventions for the issuing and handling of financial securities.

10 September 2015

News/Post-trade & ops

Icap takes stake in regulatory reporting firm Abide Financial

Interdealer broker Icap has made a 'transformational' investment in regulatory reporting outfit Abide Financial.

07 September 2015

News/Post-trade & ops

LSE and Boat to build MiFID II trade reporting service

The London Stock Exchange has inked a deal with Boat Services to build a MiFID II-compliant multi-asset reporting platform.

03 September 2015

News/Post-trade & ops

SunGard system glitch causes havoc for BNY Mellon and US funds market

BNY Mellon and its fund manager clients are scrambling to assess the damage caused after a third party system run by SunGard and used by the bank to value assets worth billions of dollars broke down.

27 August 2015

News/Post-trade & ops

Buy-side still reliant on manual process for complex derivatives - report

Almost half of asset managers are still reliant on costly manual processes to manage complex derivatives creating a dangerous level of operational risk according to a report from buy-side systems vendor SimCorp.

26 August 2015

News/Post-trade & ops

Markit agrees DealHub acquisition

Financial data outfit Markit has agreed to buy DealHub, a provider of trade processing and trading services to the foreign exchange market. Financial terms were not disclosed.

24 August 2015

News/Post-trade & ops

Companies abandoning their LEIs in increasing number

The Legal Entity Identifier (LEI) project, whereby every counterparty in a financial transaction is issued a unique code, is suffering from a lapse rate of 20% according to research from entity data provider Alacra.

24 August 2015

News/Post-trade & ops

Australian fixed income markets to shift to T+2 settlement

The $1 trillion Australian bond and fixed income markets are to move to a T+2 settlement timeframe from early next year, complementing a similar constriction in the post-trade lifecycle in cash equities mandated by the Australian Stock Exchange.

19 August 2015

News/Post-trade & ops

Markit to acquire CoreOne Technologies for $200 million

Financial data outfit Markit has continued its acquisition spree with a $200 million deal for New York-based CoreOne Technologies.

12 August 2015

News/Post-trade & ops

FIS agrees $9.1 billion SunGard deal

FIS has signed a definitive agreement to acquire Sungard for $9.1 billion in a cash and stock deal, creating a fintech powerhouse covering the full spectrum of banking and capital markets services.

12 August 2015

News/Post-trade & ops

CSC moves into on-demand trading space with Fixnetix acquisition

Computer services group CSC is to make a concerted push into the provision of managed services for capital markets firms with the acquisition of London-based Fixnetix.

12 August 2015

News/Post-trade & ops

Blockchain poised to become banking's biggest disruptor yet - BBVA Compass economists

With dozens of the world's biggest banks already investing heavily in the blockchain, it is just a matter of time before the technology creates far-reaching disruption in the financial services industry, says a new report from BBVA Compass economists.

11 August 2015

News/Post-trade & ops

Europe passes rules mandating central clearing for OTC derivatives

The European Commission has finally green-lighted new rules that make it mandatory for certain over-the-counter (OTC) interest rate derivative contracts to be cleared through central counterparties.

06 August 2015

News/Post-trade & ops

Deutsche Bank backs blockchain potential

Deutsche Bank is the latest major financial institution to laud the potential of the blockchain, confirming that it is exploring the use of distributed ledger technology for everything from securities clearing and settlement to anti-money laundering registries.

31 July 2015

News/Post-trade & ops

Fidelity National Information Services said to be in talks to buy SunGard

Shares in Fidelity National Information Services have climbed on speculation that the payment services group is in talks to buy financial technology conglomerate SunGard.

31 July 2015

News/Post-trade & ops

Peter Randall resurfaces with post-trade blockchain startup

Peter Randall, the former CEO and founder of Chi-X, is once again looking to upset established market mechanisms with the launch of an institutional payment and settlement system based on blockchain technology.

27 July 2015

News/Post-trade & ops

BNP Paribas explores the blockchain; SocGen advertises bitcoin-related job

Further evidence has emerged that French investment banks are exploring the potential of blockchain technology in the capital markets.

24 July 2015

News/Post-trade & ops

Wall Street eyes the blockchain

Almost all of Wall Street thinks that the blockchain could be applied to institutional capital markets and many firms are already actively reviewing the technology, according to research from Greenwich Associates.

23 July 2015