Latest Post-trade & ops News: Finextra Research

IPF Association formed to simplify global credit transfers

A group of 21 banks, clearing houses and associated payment service providers have launched the International Payments Framework Association (IPFA).

08 March 2010

News/Post-trade & ops

Major dealers outline next steps in OTC clean-up

The Federal Reserve Bank of New York has welcomed commitments by 14 major dealers to ramp up efforts to cut risks and improve post-trade automation and transparency in the over-the-counter derivatives markets.

03 March 2010

News/Post-trade & ops

Post-trade automation top priority for FX traders and hedgies

The credit crisis and rise of electronic trading have led to a fundamental shift in the global foreign exchange market towards risk mitigation over the last couple of years, according to research from CME Group.

22 February 2010

News/Post-trade & ops

Markit buys Storm Networks' tech assets

Financial data outfit Markit has acquired the technology assets of Storm Networks, a syndicated loan market specialist. Financial terms of the deal were not disclosed.

16 February 2010

News/Post-trade & ops

Merrill Lynch launches Japanese DMA trading platform

Merrill Lynch Japan Securities (MLJS) has unveiled the country's first third-party co-located service for low-latency electronic trading and direct market access to multiple execution venues.

09 February 2010

News/Post-trade & ops

Thomson Reuters acquires Aegisoft

Thomson Reuters has boosted its direct market access capabilities through the acquisition of Aegisoft, a US-based provider of electronic trading and testing tools. Terms of the transaction were not disclosed.

09 February 2010

News/Post-trade & ops

Icap shares slump on profit warning; announces acquisition of TriOptima

Shares in Icap slumped Friday morning as the company cut its forecasts and warned that new businesses are struggling to attain profitability. The UK interdealer broker also announced an agreement to acquire the outstanding shares in Swedish post-trade fintech venture TriOptima for an initial EUR109 million in cash.

05 February 2010

News/Post-trade & ops

UK asset managers lack confidence in reference data quality - survey

Over a third of UK-based asset managers and banks are not confident in the quality of reference data they use to support trading activity, according to a survey from IT services firm Patni.

28 January 2010

News/Post-trade & ops

General Atlantic makes $250 million investment in Markit

General Atlantic has taken a $250 million stake in financial data and post-trade services group Markit.

27 January 2010

News/Post-trade & ops

LSE names Kevin Milne director, post-trade services

The London Stock Exchange has named former Xtrakter CEO Kevin Milne as director of its post-trade services division.

18 January 2010

News/Post-trade & ops

ECB to set back T2S timetable to beyond 2013

The European Central Bank has been forced to set back the deadline for the introduction of a new pan-European securities settlement system by up to a year as negotiations over pricing and governance drag on, according to a report in the Financial Times.

15 January 2010

News/Post-trade & ops

Finextra and the FISD partner for webcasts in 2010

The Financial Information Services Division (FISD) and Finextra have forged a partnership to deliver a series of video webcasts for market data and risk management professionals worldwide with a focus on real-time data management and delivery, reference data, and standards.

06 January 2010

News/Post-trade & ops

SS&C buys Tradeware Global

Connecticut-based fintech vendor SS&C Technologies has acquired Tradeware Global, a broker-neutral provider of systems for electronic access to global equity markets. Financial terms were not disclosed.

04 January 2010

News/Post-trade & ops

Finextra signs off for Christmas and New Year break

The Finextra office will be closed after Tuesday 22 December, re-opening Monday 4 January.

22 December 2009

News/Post-trade & ops

Clearstream plans carbon trading settlement service

Deutsche Börse's Clearstream is set to launch a settlement and custody service for carbon trading rights called Global Emissions Market Access (Gema).

17 December 2009

News/Post-trade & ops

Swift bids to woo investment managers with new microsite

Bank-owned payments network Swift has launched a purpose-built microsite for investment managers in a bid to get more traction with buy-side institutions.

27 November 2009

News/Post-trade & ops

Sterci to take 25% equity stake in Simplex

Swiss-based STP vendor Sterci is to acquire a 25% equity stake in back office software house and Swift Service Bureau operator Simplex Consulting.

23 November 2009

News/Post-trade & ops

Calastone takes on Crest with settlement offering for mutual funds industry

Calastone, a cross-border transaction network for the mutual funds industry, says it has signed up several firms to support a new settlement offering that will compete with Euroclear's UK and Ireland Crest system when it launches early next year.

16 November 2009

News/Post-trade & ops

Reserve Bank of India sets out blueprint for overhaul of national payments system

The Reserve Bank of India has set out aspirations for a top-to-toe overhaul of the country's payment systems, including plans for a new domestic card scheme, the creation of a mobile money network, and the introduction of a UK-styled Faster Payments system.

13 November 2009

News/Post-trade & ops

Payments stakeholders push for XML clarity in the corporate-to-bank space

Banking network Swift is working with a consortium of major financial institutions, corporations and technology vendors to develop a set of common standards for the implementation of ISO20022 messages in the corporate-to-bank space.

09 November 2009