1185 articles tagged with this keyword
News/Post-trade & ops
Euroclear Nederland has called time on a 400-year tradition of paper securities certificates as it closes its vaults in Amsterdam and moves all share ownership documentation to an electronic register.
17 January 2013
A group of five central securities depositories (CSDs) from around the world have formed a liquidity alliance designed to help solve the global collateral shortage prompted by the 2007 financial crisis and subsequent regulatory changes.
16 January 2013
JPMorgan Chase has been sanctioned by US regulators for failures in its risk management operations after it lost more than $6.2 billion on a single credit derivatives trade.
15 January 2013
Icap has sold a 12% stake in Traiana to a group of seven bank customers in a deal valuing the foreign exchange post-trade processing platform at $300 million.
14 January 2013
Fintech giant SunGard has acquired corporate actions automation specialist XcitekSolutionsPlus (XSP). Financial terms of the deal were not disclosed.
07 January 2013
JPMorgan has begun the roll-out of a new electronic multi-asset client trading system, consolidating more than 30 individual platforms into a single user interface.
As Finextra pulls the shutters down on 2012, 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 2013.
21 December 2012
European depository Clearstream plans to pass on to its customers an estimated EUR30 million in development costs for migrating to the European Central bank's Target2-Securities (T2S) system.
20 December 2012
The European Commission has approved new licensing proposals from Thomson Reuters for the use of Reuters Instrument Codes (RICs), ending a prolonged anti-trust investigation.
IntercontinentalExchange (ICE) has agreed an $8.2 billion deal to acquire Nyse Euronext in a stock-and-cash transaction.
Open source analytics start-up OpenGamma has recruited a number of industry veterans as it prepares for a major sales push in 2013.
10 December 2012
Icap has made a Series A investment in London-based reconciliation vendor Model Two Zero.
04 December 2012
The European Central Bank may be forced into a rethink of the charging structure for the Target2Securities settlement platform as weak trading in Eurozone markets hits previously optimistic volume assumptions.
The operational costs of sanctions compliance to financial services firms is doubling every four years, according to data compiled by interbank co-operative Swift.
27 November 2012
In a move billed by the standards-setting body as a key milestone in the development of an EU-wide consolidated tape, Fix Protocol Limited has released a set of standards for the consolidation of trade reports and market data for European equity markets.
26 November 2012
The UK's Financial Services Authority has fined UBS £29.7 million for serious failings that allowed rogue trader Kweku Adoboli to rack up £1.4 billion in losses from unauthorised trading.
French bank Societe Generale is pondering outsourcing around 400 corporate and investment back office jobs to Accenture, according to Reuters.
22 November 2012
In a bid to curb high-frequency trading, Australia has unveiled plans for the introduction of 'kill switches' as part of a wider package of new market integrity rules.
21 November 2012
Kweku Adoboli, the UBS trader accused of running up £1.4 billion of losses in unauthorised trading at Swiss bank UBS, has been jailed for seven years after being found guilty of two counts of fraud.
20 November 2012
The Depository Trust and Clearing Corporation has begun sifting through the soggy remains of approximately 1.3 million physical securities certificates stored in an underground vault in lower Manhattan which was overwhelmed by a tidal surge during superstorm Sandy.
15 November 2012
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