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

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

News/Post-trade & ops

HSBC and JPMorgan join SwapClear; DTCC hits back at LCH.Clearnet critics

HSBC and JPMorgan have become shareholders of OTCDerivNet, the company which provides strategic direction to LCH.Clearnet's SwapClear service.

03 February 2009

News/Post-trade & ops

Accuity to acquire payments data specialist CB.Net

Reference data specialist Accuity is to acquire its smaller payments data rival CB.Net for an undisclosed sum.

30 January 2009

News/Post-trade & ops

Quadriserv and Eurex Clearing team on transatlantic CCP for securities lending

Eurex Clearing is partnering North America's Quadriserv to offer central counterparty (CCP) clearing and settlement services for securities lending of European equities.

27 January 2009

News/Post-trade & ops

Wall Street Systems signs Croatian National Bank

The Croatian National Bank is implementing technology from Wall Street Systems to support reserve management operations and meet Eurozone standards ahead of the country's accession to the EU.

26 January 2009

News/Post-trade & ops

Marfin Popular Bank signs for SmartStream reconciliation platform

Cyprus-based Marfin Popular Bank has chosen SmartStream's TLM Corona as its enterprise reconciliation platform.

21 January 2009

News/Post-trade & ops

Instinet Europe implements Broadridge back office ASP

Instinet Europe has signed for outsourcing provider Broadridge Financial Solutions' international securities processing system, Gloss.

14 January 2009

News/Post-trade & ops

Euroclear to introduce ISO 200022-approved corporate actions standard

Euroclear is to introduce a new set of ISO 200022-compliant messages for the exchange of corporate actions information and instructions between central securities depositories and issuer-appointed agents,

18 December 2008

News/Post-trade & ops

Newedge to deploy GL Trade's hosted processing for listed derivatives

GL Trade has closed a deal with Newedge Group, the global multi-asset brokerage firm, to extend the use of GL Instant Brokerage globally from its UK business to also cover its brokerage operations in Paris, New-York and Hong Kong.

16 December 2008