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

Company update/markets

Trading Technologies signs up BGC Partners

Trading Technologies International, Inc. (TT), a global provider of high-performance professional trading software, infrastructure and data solutions, today announced they have signed up BGC Partners, Inc. (NASDAQ: BGCP) (BGC), a leading global brokerage and financial technology company, to utilize TT’s new Order Management System (OMS) solution when it is launched in September 2020.

07 July 2020

News/markets

ASX to delay Chess replacement system by a year

The Australia Securities Exchange is to delay the roll out of its post-trade blockchain platform by a year, citing the global Covid pandemic and operational load on market participants.

30 June 2020

News/markets

Nasdaq unveils Marketplace Services Platform

Nasdaq has launched Marketplace Services Platform, making it easy to exchange assets, services and information across market ecosystems.

24 June 2020

Company update/crypto

Bank-backed stablecoin project Fnality celebrates first anniversary

Fnality is pleased to announce its one-year anniversary in its drive to enable peer-to-peer markets.

24 June 2020

News/payments

ECB likely to delay T2-T2S consolidation project

The European Central Bank looks set to delay the consolidation of the Target2 real-time gross settlement mechanism with the T2S securities settlement platform after consultations with market participants.

23 June 2020

Company update/Post-trade & ops

Murex and Duco team on reconciliation

Duco, the global provider of self-service data integrity and reconciliation services, and Murex, the leading provider in trading, risk and processing solutions for treasury and capital markets, have teamed up to provide clients with a comprehensive data reconciliation solution enabling improved automation and straight-through processing across a range of asset classes.

23 June 2020

News/markets

EC opens antitrust probe into LSE-Refinitiv deal

The European Commission has opened an in-depth antitrust investigation into the London Stock Exchange's planned $27 billion takeover of financial data vendor Refinitiv.

22 June 2020

Company update/crypto

Nomura-backed crypto-custody platform Komainu gets set for launch

Global investment bank Nomura, digital asset security company Ledger, and pioneer digital asset investment house CoinShares, share further details of Komainu, a digital asset custody business for institutional investors.

17 June 2020

Company update/markets

Clearstream picks Finomial to automate trade documentation for funds

Clearstream, Deutsche Börse Group's post-trading services provider, today announced it has selected Finomial's client lifecycle management technology to automate trade documentation completion for alternative investments, including hedge funds and private equity.

17 June 2020

Company update/markets

Credit Suisse Next Investors’ LUX FTS and NorthPoint, merge to form Portfolio BI

Credit Suisse Asset Management’s NEXT Investors, a leading Fintech growth equity group, announced today that LUX Fund Technology and Solutions (LUX FTS), a SaaS-based enterprise data management and reporting platform, and NorthPoint, a leading global provider of front-to-back office investment management solutions, have merged to form Portfolio BI.

17 June 2020

Company update/markets

Bank of America goes live on WeMatch and Pirum securities lending platform

Wematch and Pirum Systems announce go-live with Bank of America on their integrated service on Securities Lending.

12 June 2020

Company update/markets

Goldman Sachs joins CLS and IHS Markit cross-currency swaps service

CLS, a market infrastructure group delivering settlement, processing and data solutions, and IHS Markit, a world leader in critical information, analytics and solutions, today announced that Goldman Sachs has joined its cross-currency swaps settlement service.

11 June 2020

Company update/people

Torstone appoints David Pearson to strengthen product focus

Torstone Technology, a leading global provider of post-trade securities and derivatives processing, today announced the appointment of David Pearson, who will be joining Torstone's product team.

11 June 2020

Company update/crypto

Galaxy Digital and Bakkt team for institutional custody

Galaxy Digital, the diversified financial services and investment management company providing quality digital asset exposure for institutional and accredited investors, and Bakkt, the digital asset derivatives trading and custody platform majority-owned by Intercontinental Exchange ("ICE"), today announced their partnership to launch a collaborative white-glove service for asset managers looking to acquire, build positions in and store bitcoin ("BTC").

10 June 2020

Company update/markets

ISDA and aosphere launch e-contracts service

The International Swaps and Derivatives Association, Inc. (ISDA) and aosphere LLP have launched a new service that will enable users to quickly and efficiently assess issues relating to the enforceability of electronically executed and confirmed contracts across the globe.

08 June 2020

News/regulation

Securities depositories call for delay to settlement discipline regime

The European Central Securities Depositories Association (ECSDA) is calling for a one year delay to the implementation of the settlement discipline regime (SDR), and settlement penalties in particular, because of Covid-19.

08 June 2020

News/cloud

UBS leads $17.5m funding round for voice trading tech supplier Cloud9

Cloud9, a New York-based supplier of voice trading software, has raised $17.5 million in a Series B funding round led by UBS and joined by existing investors JP Morgan and Barclays.

04 June 2020

News/markets

Australia reshuffles blockchain committee

The Australian Stock Exchange (ASX) has been recruited to serve on an advisory panel of technology experts designed to build support for blockchain technology over the next five years.

03 June 2020