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

First Derivates stumbles on legacy Cognotec debt

Shares in UK capital markets tech house First Derivates slipped in early morning trading as the vendor warned that it may have to take a "significant" provision against an unpaid debt owed to its Cognotec unit.

02 April 2013

News/Post-trade & ops

LCH.Clearnet hit by major New Year's Eve IT failure

LCH.Clearnet suffered a serious IT failure on 31 December, affecting payment processing and hindering the clearing house's contingency plans, according to the Bank of England.

26 March 2013

News/Post-trade & ops

Commission extends CDS anti-trust probe to Isda

The European Commission is to extend an anti-trust investigation in to the market for credit default swaps to cover the activities of the International Swaps and Derivatives Association (Isda).

26 March 2013

News/Post-trade & ops

Banks join forces to develop open standard for electronic OTC trading

A group of leading sell-side banks has set up a working group that will focus on the creation of an open industry standard protocol for client and trader enablement on electronic trading platforms.

26 March 2013

News/Post-trade & ops

CFTC computers crashing under weight of new swaps data

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

News/Post-trade & ops

Consolidated tape project falls at first hurdle

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.

20 March 2013

News/Post-trade & ops

Bloomberg leads the way as market data spending sees modest growth

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

News/Post-trade & ops

EMCF and EuroCCP agree merger

Pan-European cash equities clearing houses EuroCCP and the European Mulitlateral Clearing Facility (EMCF) have agreed to merge their operations.

14 March 2013

Finextra TV/Post-trade & ops

The political agenda of regulations

Jerry Avenell, co-head of sales at Bats Chi-X Europe discusses the turbulent regulatory environment in the trade execution space.

13 March 2013

News/Post-trade & ops

SEC sets out new tech rules

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

Finextra TV/Post-trade & ops

Is the LEI a 'Golden Saviour'?

Graeme Austin, CEO, Isitc Europe and Chris Pickles, co-chair FPL global education and marketing committee, and head of industry initiatives, global banking & financial markets at BT, on the promise of the Legal Entity Identifier.

08 March 2013

News/Post-trade & ops

Google joins bidders to build US consolidated audit trail system

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

News/Post-trade & ops

IT savings to the fore as LSE agrees revised offer for LCH.Clearnet

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.

07 March 2013

News/Post-trade & ops

Back office costs for T2S to run as high as EUR27 million

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

Finextra TV/Post-trade & ops

A FIX for post-trade?

Laura Craft, co-chair of the FIX Protocol's post trade working group and director, equities and fixed income at Traiana and Terri Van Praagh, senior vice president, Northern Trust discuss the challenges inherent in the post-trade space at this year's FIX EMEA conference in London.

06 March 2013

News/Post-trade & ops

Finra names Citi's Steven Randich CIO

The Financial Industry Regulatory Authority (Finra) has named Citigroup's co-chief information officer Steven Randich as EVP and CIO.

28 February 2013

News/Post-trade & ops

CME to challenge CFTC suit over information leak

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

News/Post-trade & ops

Thomson Reuters to slash 2500 jobs

Thomson Reuters is to cut 2500 jobs from its underperforming financial and risk division by year end.

14 February 2013

News/Post-trade & ops

LSE acquires controlling interest in Gatelab

The London Stock Exchange has acquired a 67% stake in Italian low latency software house Gatelab.

11 February 2013

News/Post-trade & ops

ASX to retain clearing monopoly

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.

11 February 2013