Finextra Research: Latest fintech news, analysis, interviews, features and opinion by industry experts

Deutsche Bank names Swift as preferred partner for intraday liquidity reporting

Swift Scope has been named by Deutsche Bank Global Transaction Banking (GTB), a global services provider to other financial institutions, as the preferred solution for intraday liquidity reporting requirements.

19 July 2016

Company update/Post-trade & ops

CFTC extends designation of DTCC-Swift as LEI provider

The U.S. Commodity Futures Trading Commission (CFTC) announced today that it has issued an Order extending, by one year, the designation of the utility operated by DTCC-SWIFT as the provider of legal entity identifiers, or LEIs, as required by CFTC’s swap data recordkeeping and reporting rules.

18 July 2016

Finextra TV/Post-trade & ops

PSD2 will make a treasurer’s life easier

Catherine Duchel, Product Manager, HSBC, summarises how PSD2 might impact corporates and European banking, and what treasurers could do to navigate this regulatory evolution.

18 July 2016

Company update/Post-trade & ops

Cinnober chosen for major design study

Cinnober has signed an agreement with a major international exchange group to conduct a comprehensive design study for utilising Cinnober’s technology for real-time clearing for listed derivatives as well as a complete CSD system (Central Security Depository).

18 July 2016

Finextra TV/Post-trade & ops

Helping treasurers to complete automation journey

Jenn Doherty, Global Head of Commercialisation, Liquidity & Investment Products at HSBC, discusses how liquidity investment solutions can reduce manual effort and cost, and how treasurers can prepare for and get the most out of these automated off-balance sheet money movements by understanding their day to day activities in a manual environment in order to automate them going forward.

15 July 2016

Company update/Post-trade & ops

SETL completes fundraising; makes board appointments

SETL, the London based institutional payment and settlement infrastructure based on blockchain technology, announced the completion of its first round of private fundraising today.

15 July 2016

Company update/Post-trade & ops

Pragma launches TradeBase to improve order routing transparency

Pragma Securities, a leading independent provider of multi-asset class, high performance algorithmic trading tools, has launched TradeBase, a relational database that provides clients real-time access to their parent and child FIX order messages for greater transparency to facilitate client risk management, compliance, and monitoring of their algorithmic orders.

14 July 2016

News/Post-trade & ops

Computer coding error costs Citigroup $7 million

The US Securities and Exchange Commission has slapped a $7 million fine on Citigroup to settle charges that a computer coding error caused the firm to provide the agency with incomplete 'blue sheet' information about trades it executed.

14 July 2016

Company update/Post-trade & ops

Linear Investments selects RSRCHXchange for MiFID-compliant research procurement

Linear Investments, a specialist prime broker and an award winning hedge fund incubator, has selected RSRCHXchange, the online marketplace for institutional research, to enable their hedge fund clientele to access and track research consumption in a MiFID II compliant way.

14 July 2016

News/Post-trade & ops

DTCC shifts reference data services to AWS cloud

The Depository Trust & Clearing Corporation (DTCC) is shifting more of its applications to Amazon Web Services in a progressive effort to cut costs by migrating to the cloud and eliminating the need to buy, build and maintain internal servers, storage and security structures.

13 July 2016

Company update/Post-trade & ops

GLEIF launches data challenge facility

The Global Legal Entity Identifier Foundation (GLEIF), the body responsible for ensuring the operational integrity of the Global Legal Entity Identifier (LEI) System, today launched its new data challenge facility.

13 July 2016

Company update/Post-trade & ops

Icap reaps windfall benefit from Sterling decline

Icap plc (IAP.L), a leading markets operator and provider of post trade risk mitigation and information services announces today its trading statement for the period from 1 April 2016 to 30 June 2016.

13 July 2016

News/Post-trade & ops

R3 bids to develop master templates for smart contracts

The R3 blockchain consortium is working with Barclays Bank, Isda and legal and academic bodies to explore the development of a repository of master templates for smart contracts when trading and managing securities on distributed and shared ledgers.

13 July 2016

Company update/Post-trade & ops

NRI to upgrade SmartBridge platform to connect to Jasdec

Nomura Research Institute, Ltd.(NRI, TOKYO:4307), a leading provider of consulting services and system solutions, has today announced it is upgrading its SmartBridge solution to connect to Japan’s Securities Depository Center, Inc.(JASDEC) new settlement system.

12 July 2016

Company update/Post-trade & ops

Wells Fargo joins CLS as new settlement member

CLS Group (CLS), a leading provider of risk management and operational services for the global foreign exchange (FX) market, today announced that Wells Fargo has joined as a settlement member.

12 July 2016

Finextra TV/Post-trade & ops

Robust corporate governance is a must

Demi Derem, General Manager, Investor Communication Solutions, International, Broadridge, outlines the business challenges the custodian and asset servicing communities are facing, and what solutions are needed to tackle these issues locally.

12 July 2016

Company update/Post-trade & ops

State Street and Bloomberg evolve fixed income ETF settlement

State Street Corporation (NYSE: STT), and Bloomberg, the global business and financial information and news leader, announced today the launch of an enhancement for the fixed income exchange traded fund (ETF) market that helps clients process and settle ETF orders in a more efficient, scalable and automated manner.

12 July 2016

Finextra TV/Post-trade & ops

The business model implications of open banking

Vincent Brennan, EBA Deputy Chairman, talks about the new paper on open APIs from the Electronic Alternative Payments Working Group of the Euro Banking Association, which highlights the importance for market players to think strategically about leveraging open banking to source new propositions - and improve distribution of their own - in the post-PSD2 landscape.

11 July 2016

Company update/Post-trade & ops

State Street to pilot GlobalCollateral margin settlement messaging service

DTCC-Euroclear GlobalCollateral Ltd (“GlobalCollateral Ltd”), a joint venture (JV) of Euroclear and The Depository Trust & Clearing Corporation (DTCC), today announced that State Street Corporation has agreed to participate in a pilot program to test the JV’s Margin Settlement Messaging Service.

11 July 2016

Company update/Post-trade & ops

Thomson Reuters add EBS to post-trade network

Thomson Reuters has added FX platform EBS to its post-trade network as part of its drive to improve market efficiency through provision of a venue-agnostic trade notification service.

11 July 2016