Latest Post-trade & ops News: Finextra Research

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

News/Post-trade & ops

Investment managers call for urgent UK reform following Lehman 'chaos'

The UK's Investment Manager's Association has called for urgent reform of stock trading and settlement rules after the 'chaos' inflicted on the markets by an escalation in failed trades following the overnight collapse of Lehman Brothers.

08 December 2008

News/Post-trade & ops

EMXCo names Euroclear's Yannic Weber CEO

Brussels-based depository Euroclear has installed its UK and Ireland chief executive officer Yannic Weber as CEO of subsidiary firm EMXCo, which provides electronic messaging to automate the flow of investment fund orders.

03 December 2008

News/Post-trade & ops

Swift set for greater involvement in e-invoicing

Financial messaging network Swift is consulting with its membership about the potential provision of an interbank e-invoicing exchange network and the creation of a banking industry wide standard.

28 November 2008

News/Post-trade & ops

Omgeo partners with Korean Securities Depository

The Korean Securities Depository is to partner with post-trade utility Omgeo to offer a service bureau for automated trade matching and processing for local investment houses dealing in overseas markets.

27 November 2008

News/Post-trade & ops

SmartStream and Pegasystems move more development work to India

SmartStream Technologies is to expand its offshore development capability by relocating to a larger development centre in Mumbai. The opening of the facility coincides with the establishment by Pegasystems of its first R&D centre in Hyderabad.

20 November 2008

News/Post-trade & ops

Euroclear to acquire Xtrackter

European depository Euroclear is to acquire Xtrakter, the capital markets services division of trade association ICMA.

20 November 2008

News/Post-trade & ops

Finextra hits three million milestone

Monthly page views on the Finextra Research online Website broke the three million barrier for the first time in October, cementing the site's position as the market-leading information resource and community platform for financial technology professionals worldwide.

14 November 2008

News/Post-trade & ops

GL Trade revenue up, despite fall in OTC system sales and slower front-office growth

GL Trade has reported Q3 revenue up 10.5% to EUR162.8m despite its front-office sales being hit in Europe and sales of its Tradix and Sierra solutions falling worldwide.

06 November 2008

News/Post-trade & ops

European Commission sets year-end deadline for creation of CDS clearing counterparty

The European Commission has set an end-year deadline for financial market participants to draw up a blueprint for the clearing of credit default swaps.

06 November 2008

News/Post-trade & ops

Misys wins Akbank contract

Turkey's Akbank is to implement Misys' Summit FT treasury system at its headquarters in Istanbul for cross asset trading.

05 November 2008

News/Post-trade & ops

Australia's GBST to acquire Coexis

Australian financial software house GBST is to acquire London-based securities tech firm Coexis. Financial terms of the deal were not disclosed.

05 November 2008

News/Post-trade & ops

Penson Worldwide faces $25m loss on exposure to failed Canadian broker

Shares in clearing, settlement and technology service provider Penson Worldwide have lost more than 39% after the company reported today that it has $25 million in exposure to Evergreen Capital Partners Inc., which has ceased operations.

31 October 2008