1185 articles tagged with this keyword
News/Post-trade & ops
New swaps data reporting rules have left the Commodity Futures Trading Commission (CFTC) floundering in a sea of data, its computers crashing under the strain, claims one of the watchdog's own commissioners.
20 March 2013
A commercial initiative to build an industry-led consolidated tape for European equities has been abandoned after the backers of the project failed to gain a consensus among disparate market participants.
Global spending on market data and analysis rose a modest 2.34% in 2012, with Bloomberg narrowly beating out rival Thomson Reuters to gain the biggest slice of the pie, according to a report from Burton-Taylor International Consulting.
15 March 2013
Pan-European cash equities clearing houses EuroCCP and the European Mulitlateral Clearing Facility (EMCF) have agreed to merge their operations.
14 March 2013
The Securities and Exchange Commission has approved new rules governing IT policies and procedures at 'key market participants', in an effort to better insulate the markets from vulnerabilities posed by systems technology issues.
08 March 2013
Google, Nyse Technolgies and Thomson Reuters are among 31 firms to throw their hats into the ring to build a consolidated audit trail (CAT) system to monitor and analyse US trading activity.
07 March 2013
The London Stock Exchange is expecting to realise EUR25 million in IT rationalisation and other cost savings as it agrees a revised £284 million cash offer to buy a majority stake in LCH.Clearnet.
European banks and broker-dealers are lagging in their understanding of the impact of the European Central Bank's plans for harmonising settlement under the Target2Securities platform, with migration costs for back offices estimated at anywhere between seven million euros and EUR27 million.
06 March 2013
The Financial Industry Regulatory Authority (Finra) has named Citigroup's co-chief information officer Steven Randich as EVP and CIO.
28 February 2013
The Commodity Futures Trading Commission is suing CME-owned trading venue the New York Mercantile Exchange and two former employees for passing on confidential customer trading data to an outside broker.
22 February 2013
Thomson Reuters is to cut 2500 jobs from its underperforming financial and risk division by year end.
14 February 2013
The London Stock Exchange has acquired a 67% stake in Italian low latency software house Gatelab.
11 February 2013
The Australian Securities Exchange has won government approval to maintain its monopoly on the clearing and settlement of cash equity trades, dashing the ambitions of LCH.Clearnet to invade the territory.
New rules on the processing of derivatives contracts over exchange platforms are set to come into force in mid-March after being passed by the European Parliament.
08 February 2013
Bloomberg's acquisition of reference data firm PolarLake last year is beginning to bear fruit with Swedbank the first to deploy the platform on a managed service basis.
07 February 2013
Operational issues in the $1.87 trillion tri-party repurchase agreement market delayed settlement of some trades on Tuesday by several hours, Reuters reports.
31 January 2013
An official of the US Treasury Department's Office of Financial Research (OFR) has been selected to be chair of an international committee overseeing the launch of the Legal Entity Identifier (LEI), a global standard for financial data.
30 January 2013
Nasdaq OMX is merging its data and index businesses as it continues to seek ways to reduce its reliance on stagnating stock market volumes.
29 January 2013
ConvergEx is selling Eze Castle Software and RealTick to private equity firm TPG Capital. Financial terms of the all-cash deal were not disclosed.
23 January 2013
The Depository Trust & Clearing Corporation (DTCC) is threatening to sue a US regulator over how rival CME Group is being allowed to handle derivatives trading data.
18 January 2013
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