Latest Post-trade & ops News: Finextra Research

Snapchat posts sees RBS investment bank head ousted

Rory Cullinan has resigned as head of RBS' investment bank after a series of messages he posted on social media app Snapchat were published in the Sun newspaper in the UK, according to the FT.

31 March 2015

News/Post-trade & ops

UK banks' IT spending to increase - CBI/PwC Report

UK banks’ spending priorities for the next year are focused on improving IT infrastructure and cyber security, according to a report from the CBI and PwC, which also finds a focus on building new digital platforms to remain competitive and respond to changing customer needs.

30 March 2015

News/Post-trade & ops

Swift London Business Forum to continue discussions on FinTech innovation

Challenger banks will feature heavily in the upcoming Swift Business Forum in London. Craig Donaldson, CEO at Metro Bank UK, is joined by keynote speaker Sir David Clementi, ex-deputy governor of the Bank of England and chairman of Virgin Money.

27 March 2015

News/Post-trade & ops

Future Money Focus: Robert Sams, Clearmatics

An ex-hedge fund manager who spent a decade trading interest rate derivatives is now jumping headfirst into the world of the blockchain with his newest venture, Clearmatics, a clearing and settlement technology for financial OTC markets based on a distributed ledger.

19 March 2015

News/Post-trade & ops

Efficiency is no longer a strategy, it is a necessity for banks - Finextra Research

At least 67% of bank IT budgets are still being spent on maintenance and compliance rather than transformative projects that can create value, according to research conducted by Finextra on behalf of CSC.

05 March 2015

News/Post-trade & ops

Temenos moves into fund admin with Multifonds acquisition

Core banking vendor Temenos is to move into the fast-growing funds admin business with a EUR235 million acquisition of Luxembourg-based Multifonds

04 March 2015

News/Post-trade & ops

Fintech fund Illuminate Financial invests in CloudMargin

Illuminate Financial, a fintech venture fund focused on the capital markets industry, has made its first investment since its launch last year, taking a stake in collateral management outfit CloudMargin.

25 February 2015

News/Post-trade & ops

FCA to probe investment and corporate banking competition

The Financial Conduct Authority (FCA) is to launch its first wholesale market study into investment and corporate banking to assess whether competition in the sector is working properly.

19 February 2015

News/Post-trade & ops

Finovate Europe 2015 - Day 1 roundup

Crowdfunding, bitcoin, identity and security, and, of course, personal finance management dominated the first day of Finovate Europe in London. Finextra watched the demos, followed the tweets and spoke to the players. Here's what caught our eye.

10 February 2015

News/Post-trade & ops

SmartStream acquires Algorithmics Collateral assets

SmartStream has acquired Algorithmics Collateral assets from IBM, enabling it to address funding and counterparty risk issues for customers from within its own post-trade software suite.

04 February 2015

News/Post-trade & ops

Cinnober clinches EUR2.5 million EU funding for new clearing platform

Swedish capital markets technology vendor Cinnober has won EUR2.5 million in funding from the European Commission to develop a real-time risk margining, multi-asset clearing platform for the banking sector.

14 January 2015

News/Post-trade & ops

2014: That was the year that was

As Finextra pulls the shutters down on 2014, we take a look back at our most popular news stories, videos, features and blogs over the course of the past year. The site will re-open for business on 2 January 2015.

22 December 2014

News/Post-trade & ops

Bitcoin margin trading platform launched in Vietnam

VBTC Vietnam and Coinarch have launched VBTC plus, Vietnam’s first bitcoin leverage trading platform.

16 December 2014

News/Post-trade & ops

Euronext launches app for retail investors

Downloadable from the Apple App Store, the new iOS app provides investors with access to market information, direct to their mobile devices, from Euronext's cash markets and other equity exchanges.

16 December 2014

News/Post-trade & ops

DTCC/Swift top LEI rankings; overall industry coverage remains spotty

The DTCC and Swift have trumped 13 other Legal Entity Identifier (LEI) registration authorities in Q3 2014 rankings compiled by Tabb Group and Alacra for data consistency and uniformity.

15 December 2014

News/Post-trade & ops

Neptune bids to FIX liquidity shortage in bond trading

The FIX trading community has agreed a set of best practices for use of the messaging protocol for the exchange of pre-trade information in the bond market, as banks and asset managers work together to overcome a liquidity shortage in fixed income trading.

25 November 2014

News/Post-trade & ops

Conde takes up chairmanship at Calastone

Funds transaction network Calastone has appointed former SunGard chief Cristóbal Conde as executive chairman.

17 November 2014

News/Post-trade & ops

FIS and Credit Agricole launch post-trade utility

FIS has paired with Crédit Agricole Corporate & Investment Bank to launch a post-trade utility for the derivatives market.

04 November 2014

News/Post-trade & ops

OpenGamma names Beeston as chairman; appoints Conde to the board

Open source risk management outfit OpenGamma has named Mark Beeston as its new chairman and appointed Cristobal Conde to its board of directors as it leans on heavyweight industry support to move the company forward.

27 October 2014

News/Post-trade & ops

First Derivatives to take controlling interest in Kx Systems

First Derivatives has agreed a £36 million deal to acquire a further 46.47% stake in high performance database outfit Kx Systems, giving the firm a leg-up into the market for big data systems in capital markets and other vertical industries.

17 October 2014