Latest Post-trade & ops News: Finextra Research

BofA Merrill Lynch, Morgan Stanley and Navian launch platform for structured notes

Bank of America Merrill Lynch, Morgan Stanley and Navian Capital have joined forces to launch an independent, multi-issuer electronic platform for structured products and annuities.

01 August 2018

News/Post-trade & ops

Barclays leads $14 million funding round in voice trading tech supplier Cloud9

Cloud9, a New York-based supplier of voice trading software, has raised $14 million in a funding round led by Barclays Bank with participation from JPMorgan and NEX Group.

01 August 2018

News/Post-trade & ops

SS&C to buy Eze Software for $1.45 billion

Having backed away from a rumoured bid to buy Fidessa, SS&C has turned its attentions to Eze Software, offering private equity owner TPG Capital $1.45 billion in cash for the investment management software house.

31 July 2018

Company update/Post-trade & ops

Cobalt DLT suite arrives on BT Radianz cloud

Global financial institutions’ foreign exchange (FX) post-trade systems are aging, becoming increasingly inefficient, risk-laden and costly.

31 July 2018

Company update/Post-trade & ops

Michael Russo joins Options New York team

Options, the leading managed service and IT infrastructure provider to the global capital markets industry, has today announced the appointment of former Finastra and OpenLink Financial executive Michael Russo to its management team.

30 July 2018

News/Post-trade & ops

CLS, IBM and nine banks to build blockchain marketplace

Foreign exchange settlement house CLS is collaborating with nine banks and IBM to build a shared marketplace platform - or app-store - for multiple blockchain applications.

30 July 2018

News/Post-trade & ops

Reuters brand consigned to the history books as business redefined as Refinitiv

Thomson Reuters Financial & Risk business is to operate under a new name, Refinitiv, ending a 160-year association with the Reuters brand following the closure of a majority stake sale to Blackstone.

27 July 2018

Company update/Post-trade & ops

EuroCCP appoints Cécile Nagel as CEO

EuroCCP, Europe’s leading equities clearinghouse, today announces the appointment of Cécile Nagel as Chief Executive Officer.

26 July 2018

News/Post-trade & ops

Nasdaq's transition to a tech stock comes into focus

Reporting a bump in second quarter net income, exchange operator Nasdaq has reiterated its repositioning as a capital markets technology and analytics provider.

25 July 2018

Company update/Post-trade & ops

Thomson Reuters extends LEI data service to AnaCredit regulations

Thomson Reuters has expanded its leading legal entity data service to help the financial community comply with the new AnaCredit European lending regulation that takes effect in September.

25 July 2018

Company update/Post-trade & ops

DTCC paper reveals the huge scale of the compliance burden of securities finance trade reporting

A paper on the impact of the Securities Financing Transactions Regulation (SFTR) reveals that transaction reporting for securities financing trades may create five times as many reports as trades when the regulation takes effect, which is expected in early 2020.

25 July 2018

Company update/Post-trade & ops

Regis-TR appoints Phil brown as chairman

As of 1 July, REGIS-TR, The European Trade Repository, has appointed new members to its Board of Directors.

24 July 2018

Company update/Post-trade & ops

EuroCCP becomes clearing option for Frankfurt Stock Exchange

Deutsche Börse AG and European Central Counterparty NV (EuroCCP) have signed an agreement, which will govern the project for EuroCCP to gain access to the Frankfurter Wertpapierbörse (FWB), the Frankfurt Stock Exchange.

24 July 2018

Company update/Post-trade & ops

Credit Agricole outsources listed derivatives back office to Caceis

Crédit Agricole CIB has appointed CACEIS as one of its main listed derivatives clearers.

24 July 2018

Company update/Post-trade & ops

Gibraltar Blockchain Exchange launches

The Gibraltar Blockchain Exchange (GBX), which aims to position itself as a world-leading institutional-grade token sale platform and Digital Asset Exchange, has undergone its official full-scale launch today.

23 July 2018

Company update/Post-trade & ops

Jurisdictions progress towards implementing standards for payment, clearing and settlement

Jurisdictions are reporting progress towards implementing international standards for payment systems, central securities depositories, securities settlement systems, central counterparties and trade repositories, according to a new report by the Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO).

23 July 2018

News/Post-trade & ops

BofE confirms revamped RTGS will be able to interface with distributed ledgers

The Bank of England has confirmed that the rebuild of its real-time gross settlement (RTGS) platform will be able to interface with systems running distributed ledgers following proof-of-concept trials with four fintech firms.

23 July 2018

News/Post-trade & ops

Capital markets firms to ramp up spending on cloud technologies

Capital markets firms plan to accelerate their investment in public cloud technologies, with spending on off-premise computing set to consume 47% of IT budgets by 2019, up from 30% last year.

23 July 2018

Company update/Post-trade & ops

CFH Clearing connects to PrimeXM data centres in London and Tokyo

CFH Clearing (‘CFH’), TradeTech Group’s multi award-winning liquidity provider, today announces that it has integrated PrimeXM’s XCore technology in London (LD4) and Tokyo (TY3).

23 July 2018

Company update/Post-trade & ops

Sumitomo Mitsui Trust becomes first Japanse custodian on DTCC's Alert GC Direct

The Depository Trust & Clearing Corporation (DTCC), the premier post-trade infrastructure for the global financial services industry, today announced that Sumitomo Mitsui Trust Bank (U.S.A.) Limited (SuMi TRUST USA) has become the first Japanese global custodian to go live on the ALERT Global Custodian Direct (GC Direct) workflow.

23 July 2018