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

DTCC calls off LCH.Clearnet merger

The Depository Trust and Clearing Corporation has called off its pursuit of LCH.Clearnet after the parties failed to reach agreement over a proposed transatlantic merger.

29 April 2009

News/Post-trade & ops

First Data launches EIPP system for maritime cargo industry

First Data has launched a global online freight payment system for the maritime shipping industry.

29 April 2009

News/Post-trade & ops

Nyse Arca Europe joins competitors on common stock symbology development

Recently launched MTF Nyse Arca Europe has joined Bats, Chi-x, Nasdaq OMX and Turquoise as the fifth member of an industry working group set up to develop and maintain a uniform symbology framework for European equities.

29 April 2009

News/Post-trade & ops

IBM forecasts 'new world order' for financial services

An IBM survey of over 2750 banking executives worldwide forecasts a new world order for the financial services industry, characterised by a shift to specialisation, more transparency and lower overall returns.

27 April 2009

News/Post-trade & ops

Nordea and SunGard team on treasury STP

Scandinavian bank Nordea has teamed with SunGard to offer clients direct access to its cash management services from the vendor's AvantGard treasury system.

24 April 2009

News/Post-trade & ops

CDS clearing plans badly flawed say researchers

Proposals to reduce risk in the trading of credit default swaps through the introduction of central counterparty clearing are badly flawed, according to research conducted at the Stanford Graduate School of Business.

22 April 2009

News/Post-trade & ops

Lombard Risk breaks into top tier with £1 million collateral management deal

Shares in UK risk management outfit Lombard have jumped on news of a major collateral management contract win with a top tier German bank.

08 April 2009

News/Post-trade & ops

Deutsche partners Inttra for container shipping e-invoicing service

Deutsche Bank is partnering with ocean carrier e-commerce outfit Inttra to provide an electronic invoice presentment and payment (EIPP) service to the $260 billion container shipping industry.

07 April 2009

News/Post-trade & ops

LCH.Clearnet recruits BarCap's Joe Reilly to lead SwapClear

LCH.Clearnet has recruited Joe Reilly from Barclays Capital to head up its SwapClear over-the-counter interest rate clearing unit.

07 April 2009

News/Post-trade & ops

CBA goes live on Progress Apama

Commonwealth Bank of Australia's equities execution and trading division has gone live on the Progress Apama complex event processing platform.

07 April 2009

News/Post-trade & ops

Icap and CLS set up FX post-trade joint venture

Interdealer broker Icap and FX risk reduction network CLS are to create a new joint venture company offering post-trade aggregation services to participants in the over-the-counter currency markets.

06 April 2009

News/Post-trade & ops

SocGen Securities Services deploys Misys Summit FT

Société Générale Securities Services (SGSS) has gone live with Misys' Summit FT treasury system to support its asset servicing and custody services business in Paris.

02 April 2009

News/Post-trade & ops

Bank of New York Mellon launches Liquidity Direct

The Bank of New York Mellon has launched a money market investment portal designed to help institutional investors maximise liquidity and mitigate counterparty risk.

02 April 2009

News/Post-trade & ops

LSE debuts post-trade routing technology

The London Stock Exchange is to debut its new post-trade routing technology X-TRM as it launches a Central Counterparty (CCP) service for trading in the 50 most liquid Depositary Receipts (DRs) on the LSE's International Order Book (IOB).

31 March 2009

News/Post-trade & ops

SmartStream unveils new CEO, launches on-demand recs service

Philippe Chambadal, head of DIFC Investment's acquisition vehicle DClear, has taken the reins at SmartStream after Ken Archer stepped down in February. DClear became SmartStream's parent company in November 2007 when DIFC stepped in to acquire the vendor after its aborted IPO. Chambadal's first major task as CEO has been overseeing the development and launch of a software-as-a-service (SaaS)-based delivery model for the company's TLM Reconciliations product.

25 March 2009

News/Post-trade & ops

SS&C buys financial data hub Evare

Connecticut-based fintech vendor SS&C Technologies has acquired Evare, a managed service provider for financial data acquisition, transformation and delivery. Financial terms of the deal were not disclosed.

23 March 2009

News/Post-trade & ops

Nordea rolls out Calypso trading and risk management technology

Scandinavian bank Nordea has gone live in Sweden with the first phase of a pan-Nordic roll-out of securities processing and settlement technology from Calypso.

23 March 2009

News/Post-trade & ops

Banque CIC (Suisse) signs for Sterci messaging system

Banque CIC (Suisse) has signed for Stelink, the SOA-based financial messaging platform from Sterci.

13 March 2009

News/Post-trade & ops

Standard Chartered selects GoldenSource for corporate actions

Standard Chartered Bank is rolling out technology from US vendor GoldenSource to automate the creation of golden copy corporate actions notifications.

10 March 2009

News/Post-trade & ops

MarketAxess scoops bid/offer list trading patent

Electronic fixed income network MarketAxess has been granted a US patent for its bid/offer list automated trading functionality.

10 March 2009