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

OpenGamma recruits Nakachi and Stewart for big sales drive

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

News/Post-trade & ops

Icap makes investment in Model Two Zero

Icap has made a Series A investment in London-based reconciliation vendor Model Two Zero.

04 December 2012

News/Post-trade & ops

ECB extends T2S deadline; weak trading hits volume and pricing assumptions

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.

04 December 2012

News/Post-trade & ops

Sanctions screening costs doubling every four years - Swift

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

News/Post-trade & ops

FIX Protocol develops standards for European consolidated tape

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

News/Post-trade & ops

UBS fined £29.7 million by FSA over rogue trading incident

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.

26 November 2012

News/Post-trade & ops

SocGen considers outsourcing 400 back office jobs - Reuters

French bank Societe Generale is pondering outsourcing around 400 corporate and investment back office jobs to Accenture, according to Reuters.

22 November 2012

News/Post-trade & ops

Australia plans 'kill switches' to curb HFT risks

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

News/Post-trade & ops

UBS 'rogue trader' Adoboli found guilty of fraud

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

News/Post-trade & ops

DTCC starts sorting though Sandy-flooded securities vault

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

News/Post-trade & ops

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

Finextra TV/Post-trade & ops

Bloomberg launches App Portal

Claudio Storelli, global business manager, Application Portal at Bloomberg discusses allowing third party developers into the Bloomberg Community.

13 November 2012

Finextra TV/Post-trade & ops

Target 2 Securities is a reality

Bruno Prigent, head, Société Générale Securities Services talks about the main issues affecting securities services and asset management.

07 November 2012

Finextra TV/Post-trade & ops

Swift's utility approach

Luc Meurant, head of banking, supply chain and corporate markets, Swift gives an update on Swift's utility approach to compliance.

07 November 2012

Finextra TV/Post-trade & ops

Why is trade matching important for banks?

Thibaud de Maintenant, managing director, global head, Direct Securities Services, GTB at Deutsche Bank looks at global trade matching.

01 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

Finextra TV/Post-trade & ops

T+2 will be a reality

Tony Freeman, executive director of industry relations, Omgeo on the move towards shorter settlement cycles.

31 October 2012

Finextra TV/Post-trade & ops

Deutsche Bank recognises Sberbank for STP Excellence

Deutsche Bank today presented Sberbank, the largest bank in Russia, Central and Eastern Europe, with its prestigious Straight-Through Processing (STP) Excellence Awards for USD and EUR Payments.

30 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