Latest Post-trade & ops News: Finextra Research

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

News/Post-trade & ops

Isitc members feel the pain as crisis deepens

Financial industry association Isitc is reporting deep cuts in IT and staffing at member firms as the global economic crisis bites.

10 March 2009

News/Post-trade & ops

Finextra weekly news review podcast

Job cuts, regulatory developments, Web 2.0 in financial services and the latest in the fight against fraud - it's all covered in this week's news review podcast.

05 March 2009

News/Post-trade & ops

LSE selects Rapid Addition for FIX engine

The London Stock Exchange (LSE) has selected Rapid Addition for the provision of a FIX engine to its TradElect platform.

04 March 2009

News/Post-trade & ops

Legacy clearing threat to OTC derivatives warns State Street

Rising volumes of over-the-counter derivatives trades are threatening to swamp legacy clearing and settlement systems, warns State Street in a report that calls for a co-ordinated industry-wide effort to develop a new post-trade servicing regime for the industry.

03 March 2009

News/Post-trade & ops

Turquoise joins competing platforms to develop common stock symbology

Pan-European MTF Turquoise is to join Bats, Chi-x, and Nasdaq OMX as the fourth member of an industry working group set up to develop and maintain a uniform symbology framework for European equities.

02 March 2009

News/Post-trade & ops

Nomura relaunches Lehman algo trading platform in Asia Pacific

Nomura has fired up the electronic trading platform of failed investment bank Lehman Brothers to provide clients with Direct Market Access (DMA) and algorithms, connecting to equity markets in Japan, Hong Kong, Singapore and Australia.

27 February 2009

News/Post-trade & ops

Finextra launches weekly news review podcast

Finextra has launched a weekly news review podcast that brings together the headlines and underlying themes and background behind the big news stories of the week.

26 February 2009

News/Post-trade & ops

Asean exchanges collaborate on e-trading link

Stock exchanges in Malaysia, Indonesia, Singapore, Thailand and the Philippines have signed a Memorandum of Understanding (MOU) to form an Asean direct market access electronic trading link.

23 February 2009

News/Post-trade & ops

SunGard CEO Conde strikes confident note on solid Q4

SunGard CEO Cristóbal Conde has given a confident assessment of the financial systems firm's ability to weather the economic downturn after turning in solid growth in organic revenue for the final quarter.

20 February 2009

News/Post-trade & ops

CDS dealers bow to pressure and commit to EU clearing counterparty

Nine of the leading dealer firms in the credit default swaps markets have committed to the use of central counterparty clearing for CDS in the European Union by end-July 2009.

19 February 2009

News/Post-trade & ops

LCH.Clearnet to develop eurozone clearing house for credit default swaps

LCH.Clearnet has announced plans to launch a clearing service for credit default swaps in the Eurozone by December 2009.

13 February 2009

News/Post-trade & ops

Finextra launches Innovation Showcase

Finextra has launched the Innovation Showcase, a new feature on Finextra.com highlighting the most innovative financial technology developments over the past 12 months. Across a broad range of categories it showcases technologies that demonstrate uniqueness and impact, clever ways of solving a problem and projects at the leading edge of new industry trends.

11 February 2009