Latest Post-trade & ops News: Finextra Research

Julius Baer to enter crypto assets market

Julius Baer is to offer clients digital asset investment opportunities through a collaboration with Swiss startup Seba Crypto.

26 February 2019

News/Post-trade & ops

HKEX to buy majority stake in Shenzhen-based fintech firm

Hong Kong Exchanges and Clearing (HKEX) has agreed to acquire a 51% stake in a Shenzhen-based financial markets technology firm. Financial terms of the deal were not disclosed.

20 February 2019

Company update/regulation

Straits Financial extends Eventus deal

Eventus Systems, Inc. a leading global trade surveillance and market risk platform provider, announced today that Singapore-based Straits Financial Group Pte Ltd - which became a client in May 2018 for its U.S. subsidiary, Straits Financial LLC - has just expanded the relationship by signing on to the Validus trade surveillance and risk management platform for its Singapore headquarters.

20 February 2019

Company update/Post-trade & ops

CMB Wing Lung Bank goes live on GBST custody platform

CMB Wing Lung Bank, a leading bank in Hong Kong, has successfully implemented a back-office custody solution from global financial technology provider GBST (ASX: GBT).

18 February 2019

Company update/Post-trade & ops

Baillie Gifford selects corfinancial for global trade processing

corfinancial, a leading provider of specialist software and services to the financial services sector, is supporting Baillie Gifford in establishing an end-to-end post-trade operating model.

18 February 2019

Company update/Post-trade & ops

Esma to recognise three UK CCps in the event of a no-deal Brexit

The European Securities and Markets Authority (ESMA) has today announced that in the event of a no-deal Brexit, three central counterparties (CCPs) established in the United Kingdom (UK) – LCH Limited, ICE Clear Europe Limited and LME Clear Limited – will be recognised to provide their services in the European Union (EU).

18 February 2019

Company update/Post-trade & ops

Abacus Group acquires competitor Proactive technologies

Abacus Group, a global provider of IT services for alternative investment firms, today announced it has completed the acquisition of competitor Proactive Technologies.

13 February 2019

Company update/Post-trade & ops

VAKT appoints Etienne Amic as new CEO

VAKT, the company re-imagining commodity post-trade processing underpinned by blockchain, today announces the appointment of Etienne Amic as its new CEO.

13 February 2019

Company update/Post-trade & ops

Banorte selects Murex’s MX.3 platform

Banorte, the second largest financial institution in Mexico, has recently selected Murex, a global leader in trading, risk management and processing solutions, to meet its counterparty risk, XVA and collateral management needs.

13 February 2019

Company update/Post-trade & ops

Torstone doubles size of UK headquarters to accommodate growth

Torstone Technology, a leading provider of post-trade securities and derivatives processing technology, has announced the doubling of its London office to cater for strong European growth over the course of the past year and through 2019.

12 February 2019

News/Post-trade & ops

Morgan Stanley agrees to pay $900m for employee stock plan manager

Morgan Stanley has struck a $900 million cash deal to buy Solium Capital, a Canadian provider of cloud-enabled share plan administration services.

11 February 2019

Finextra TV/Post-trade & ops

Industry challenges around IBOR Transition

Andrew Kouloumbrides, CEO, Xceptor and Bruce Laing, Partner, IBOR Transition lead, Baringa, speaks about the industry challenges around IBOR Transition, what Financial Institutions have done up to date to meet these challenges and what to expect next.

11 February 2019

News/Post-trade & ops

Euronext raises offer for Oslo Bourse

Euronext has upped its offer for Oslo Bourse to $785.7 million in an effort to beat off Nasdaq's competitive $770 takeover bid for the Nordic exchange.

11 February 2019

Company update/Post-trade & ops

Citi and HSBC foreign exchange prime broking first to go live with Capitolis Novation

Capitolis, the pioneering technology provider for the capital markets, announced today that Citi and HSBC are the first FX prime brokers to be live on Capitolis Novation, its ground-breaking novation service in foreign exchange.

08 February 2019

Company update/Post-trade & ops

Banco Best and Credit Suisse fund transactions using blockchain-based infrastructure FundsDLT

Banco Best and Credit Suisse Asset Management successfully processed live end-to-end fund transactions, using FundsDLT, a blockchain-based decentralized platform for fund transaction processing.

07 February 2019

News/Post-trade & ops

US reports record surge in electronic trading data

Greater use of electronic trading and market volatility saw a record surge in trading data reported by the US capital markets watchdog in 2018, raising questions about regulators' ability to successfully and safely monitor markets.

05 February 2019

News/regulation

Exchanges to fire builder of massive audit trail - WSJ

A group of US stock exchanges is set to fire Thesys Technologies, the startup it hired in 2017 to build a vast Consolidated Audit Trail (CAT) tracking transactions as they pass through US equity and options markets, according to the Wall Street Journal.

01 February 2019

Company update/Post-trade & ops

Bayern LB selects Profidata Xentis software for custody services

Profidata AG has convinced another high-level provider of custody services, Bayerische Landesbank (BayernLB), of the impressive functionality of its XENTIS software for efficiently processing the very diverse tasks involved in its custodian business.

01 February 2019

Company update/Post-trade & ops

London Stock Exchange acquires 4.92% stake in Euroclear

London Stock Exchange Group plc ("LSEG") announces it will acquire an aggregate 4.92% stake in Euroclear’s share capital for €278.5 million (£241.9 million).

30 January 2019

News/Post-trade & ops

IHS Markit invests in Cobalt

IHS Markit has taken a minority stake in blockchain-based post-trade processing network Cobalt, embedding its MarkitSERV operation deeper into currency trading back offices.

30 January 2019