Latest Post-trade & ops News: Finextra Research

DTCC to oversee US market shift to T+2

Within a week of European markets moving to a T+2 settlement cycle, the DTCC in the US has formed a steering committee and working group to oversee a similar shift for trades in equities, corporate and municipal bonds, and unit investment trusts (UITs).

16 October 2014

News/Post-trade & ops

Finextra expands into North America

Just as fintech steps from the shadows into the mainstream, Finextra is establishing a local North American editorial presence.

19 September 2014

News/Post-trade & ops

CME Group names Kim Taylor president, global operations, technology and risk

CME Group has revamped its leadership structure, naming company veteran Kim Taylor president of global operations, technology and risk.

16 September 2014

News/Post-trade & ops

Banks could make big T2S-related savings - research

Banks and brokers could save millions of euros if they act fast to adapt their securities and cash supply chains for Target2-Securities (T2S), according to Clearstream commissioned research.

09 September 2014

News/Post-trade & ops

Wall Street banks turn to messaging startup as Bloomberg alternative

A group of Wall Street banks, led by Goldman Sachs, are on the verge of buying a stake in instant messaging firm Perzo as they prepare to break free of their reliance on Bloomberg, according to Reuters.

04 August 2014

News/Post-trade & ops

Swift signs more banks to KYC Registry

Interbank messaging network Swift has signed up another six major banks to its KYC Registry initiative as it gears up for a launch at the end of this year.

22 July 2014

News/Post-trade & ops

FSB moots creation of global utility for fixing FX benchmarks

The Financial Stability Board is canvassing views on the potential to develop a global order matching utility for fixing foreign exchange trades in an effort to clamp down on banks trading ahead of the daily benchmark rates.

15 July 2014

News/Post-trade & ops

UK watchdog to probe pre- and post-trade market infrastructure

The UK's Financial Conduct Authority is to probe for anti-competitive practices in the pricing and packaging of pre- and post-trade wholesale market infrastructure.

10 July 2014

News/Post-trade & ops

London Stock Exchange partners Wipro to launch reconciliation utility

The London Stock Exchange has partnered with Indian IT services firm Wipro to launch a hosted reconciliation utility designed to eliminate the needs for firms to invest in technology, people and processes for tracking their outstanding transactions.

09 July 2014

News/Post-trade & ops

Markit sells Boat trade reporting service to Cinnober

Swedish trading technology vendor Cinnober has bought the Boat trade reporting service from Markit. Financial terms of the deal were not disclosed.

02 July 2014

News/Post-trade & ops

Deutsche Bourse launches 'Open Innovation' forum

Deutsche Bourse has launched an 'Open Innovation' forum with the aim of building a community to incubate, develop and accelerate new business ideas coming from outside the group

01 July 2014

News/Post-trade & ops

KYC Exchange builds banking momentum

Swiss-based due diligence utility KYC Exchange has signed service contracts with Commerzbank, Société Générale and Standard Chartered for the regular exchange of Know Your Customer data between the banks and their clients.

20 June 2014

News/Post-trade & ops

CLS wins legal battle in settlement 'patent' dispute

The US Supreme Court has found in favour of CLS Bank in a long-running patent dispute with Alice Corporation over the abstract notion of intermediated settlement.

19 June 2014

News/Post-trade & ops

Markit and Genpact launch KYC service

Financial data outfit Markit and BPO firm Genpact have launched a service designed to help firms manage client onboarding and other know-your-customer requirements.

22 May 2014

News/Post-trade & ops

More data needed to crack down on algo abuse - Finra

US regulatory body Finra is currently investigating 170 separate instances of potential market abuse by algorithmic trading firms.

22 May 2014

News/Post-trade & ops

Swift Business Forum - London 2014 - Live Blog

Welcome to Finextra's live blog from the Swift Business Forum, London 2014, which was held Monday at the Brewery venue in the City of London, UK. This fourth instalment of the financial services Forum in the UK capital is entitled 'Doing good business in an era of re-regulation'.

29 April 2014

News/Post-trade & ops

DTCC throws weight behind US move to T+2

The Depository Trust and Clearing Corporation (DTCC) is stepping up its efforts to shift the US capital markets industry to a T+2 settlement life-cycle.

23 April 2014

News/Post-trade & ops

Sifma calls for US market move to T+2

Sifma is calling for the US capital markets industry to move to a T+2 settlement lifecylce, as other markets worldwide bid to bridge the gap between trade execution and delivery of financial contracts.

17 April 2014

News/Post-trade & ops

MEPs vote to curb high-frequency trading

Members of the European Parliament have voted through new rules designed to clamp down on high-frequency trading 'Flash Boys'.

16 April 2014

News/Post-trade & ops

Sifma calls for US rulemakers to step up deployment of Legal Entity Identifiers

US securities trade body Sifma has called for broader uptake of Legal Entity Identifiers by the country's regulators, amid fears that the US is being left behind as other nations push ahead with mandatory implementation of the uniform trade reporting standard.

14 April 2014