Latest Post-trade & ops News: Finextra Research

Misys and SmartStream forge post-trade STP tie-up

Fintech vendors Misys and SmartStream Technologies have formed a partnership designed to tackle risk control problems and inefficiency across the trade transaction lifecycle.

07 June 2010

News/Post-trade & ops

DTCC moves a step closer to corporate actions standardisation

The Depository Trust & Clearing Corporation (DTCC) has released for public comment a first set of drafts of corporate action announcement messages under the international ISO 200022 format.

18 May 2010

News/Post-trade & ops

Wall Street Systems makes eBAM move with Speranza acquisition

Wall Street Systems has acquired the assets of electronic bank account management (eBAM) specialist Speranza Systems. Financial terms of the deal were not disclosed.

26 April 2010

News/Post-trade & ops

Swift EBAM standard goes live

Financial messaging network Swift has gone live with its new standard for electronic bank account management (EBAM).

21 April 2010

News/Post-trade & ops

The European Central Bank confirms that it has ripped up its original timetable for the introduction of a pan-European securities settlement system as it seeks to streamline its working procedures and gain a new consensus around the controversial project.

14 April 2010

News/Post-trade & ops

Andrew Douglas quits Swift for DTCC

Andrew Douglas has quit the Brussels-based banking co-operative Swift to join the Depository Trust and Clearing Corporation, where he will lead the US depository's public affairs efforts in Europe.

14 April 2010

News/Post-trade & ops

Nasdaq OMX to launch electronic Nordic Fund Market

Nasdaq OMX is to launch a new Nordic Fund Market (NFM) to provide an electronic alternative to manage the transactions between fund distributors and fund management companies.

14 April 2010

News/Post-trade & ops

Flatley displaces Wise and Close as CEO and president of Netik

Rob Flatley, the former head of Autobahn equity at Deutsche Bank, has been named CEO and president of securities data management outfit Netik, ousting long-term CEO and co-founder John Wise and incumbent president Colin Close.

13 April 2010

News/Post-trade & ops

FPL unveils algo trading definition language; forecasts wide uptake

FIX Protocol Limited (FPL) has launched an industry standards-based messaging language for algorithmic trading strategies.

25 March 2010

News/Post-trade & ops

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