Latest Post-trade & ops News: Finextra Research

Institutional investors feel ignored over MiFID II plans

The vast majority of buy-side firms feel that institutional investors have had no meaningful influence on the legislative process building up to new MiFID II rules, according to a Greenwich Associates survey.

14 November 2012

News/Post-trade & ops

Bloomberg, king of the proprietary desktop, launches App Portal

Bloomberg has launched an App Portal that gives its 315,000 desktop terminal subscribers access to applications created by third party developers.

13 November 2012

News/Post-trade & ops

Half of market participants not preparing for T+2 - Omgeo

Market participants are not prepared for shorter settlement cycles, despite being strongly in favour of a move to T+2, according to a study from Omgeo.

31 October 2012

News/Post-trade & ops

Banks announce support for SAP corporate cloud messaging network

Bank of America Merrill Lynch, The Bank of Tokyo-Mitsubishi UFJ, Citi, Deutsche Bank, Nordea, Royal Bank of Scotland and Standard Chartered Bank have announced their involvement in the development of the SAP Financial Services Network (FSN), a cloud-based corporate-to-bank connectivity platform.

29 October 2012

News/Post-trade & ops

Dealing firms not ready for real-time reconciliation - survey

More than half of financial institutions have not yet embarked on real-time reconciliation for any of their asset classes and do not expect to be in a position to move to do so by the end of 2013, according to a survey conducted by Gresham Computing

29 October 2012

News/Post-trade & ops

Swift taps SmartStream for Accord Matching overhaul

Financial messaging network Swift has enlisted SmartStream Technologies for an overhaul of its Accord confirmation matching engine.

29 October 2012

News/Post-trade & ops

Swift wins T2S connectivity deal with CSD consortium

Link Up Markets, a consortium of 11 European central securities depositories (CSDs), has selected financial messaging network Swift to provide connectivity to Target2-Securities, the new pan-European settlement infrastucture under construction by the European Central Bank.

24 October 2012

News/Post-trade & ops

Shortening US trade settlement cycle a big money saver - BCG

Shortening the time period between trade execution and settling payment for US cash securities transactions could reduce the industry's costs and risk exposure by several hundred million dollars a year, according to a report from the Boston Consulting Group (BCG).

05 October 2012

News/Post-trade & ops

Avox launches legal entity data portal

The DTCC's Avox unit has launched a revamped portal offering free access to core data fields and standard industry identifiers for a global set of legal entities.

09 August 2012

News/Post-trade & ops

DTCC outlines plan to eliminate paper stocks

The Depository Trust and Clearing Corporation (DTCC) has outlined a multi-year programme for the complete elimination of paper securities certificates from US financial markets.

09 July 2012

News/Post-trade & ops

Thomson Reuters lifts restrictions on RICs

Thomson Reuters is to make its proprietary Reuters Instrument Codes available beyond its desktops and feeds for use across the trade processing lifecycle by both customers and non-customers.

27 June 2012

News/Post-trade & ops

Euroclear to join T2S project

The European Central Bank's plans to develop a common framework for securities settlement across Europe have been boosted by the agreement of three Euroclear central depositories in Belgium, France and The Netherlands to participate in the scheme.

12 June 2012

News/Post-trade & ops

FSB sets out LEI scope and timetable

The Financial Stability Board has set out 35 recommendations for the development and implementation of a global Legal Entity Identifier (LEI) system that will uniquely identify parties to financial transactions.

08 June 2012

News/Post-trade & ops

US to explore shortened trade settlement cycle

The Depository Trust & Clearing Corporation (DTCC) in partnership with the Securities Industry and Financial Markets Association has commissioned the Boston Consulting Group to research the prospect of shortening US trade settlement cycles.

23 May 2012

News/Post-trade & ops

Up to one in ten trades still fail to settle on time

With market regulators pushing for a shortening of settlement cycles, new research from trade matching utility Omgeo indicates that trade failure rates may be as high as 10% in the equity market and seven per cent in fixed income markets.

16 May 2012

News/Post-trade & ops

ECB signs nine depositories to T2S project

Nine central securities depositories have signed up to participate in the European Central Bank's controversial Target 2 Securities (T2S) platform, which is intended to streamline securities settlement across the Eurozone.

08 May 2012

News/Post-trade & ops

LCH.Clearnet in discussions to acquire IDCG from Nasdaq OMX

European clearing house LCH.Clearnet has confirmed that it is in discussions to acquire International Derivatives Clearing Group (IDCG) from Nasdaq OMX as it bids to grow its interest rate swaps business in the US.

24 April 2012

News/Post-trade & ops

Nasdaq OMX suspends plans for competitive clearing

Nasdaq OMX has postponed plans to introduce interoperable clearing in the Nordic cash equity markets in April, citing regulatory uncertainties.

26 March 2012

News/Post-trade & ops

Icap's fintech incubation vehicle invests in Model Two Zero

Euclid Opportunities, the vehicle set up by interdealer broker Icap last year to provide seed funding to new fintech companies, has invested in London-based post-trade software firm Model Two Zero.

18 January 2012

News/Post-trade & ops

Regulators demand action on Legal Entity Identifiers

International regulatory authorities have called for the urgent creation of a universal Legal Entity Identifier (LEI) in their final report on the OTC derivatives data that should be collected, stored and disseminated by trade repositories (TRs).

17 January 2012