Post-trade & ops

3702 articles tagged with this keyword

/cloud

Northern Trust partners with SimCorp for outsourcing offering

As part of its continuing Whole Office™ strategy to serve client needs across the entire investment lifecycle, Northern Trust (Nasdaq: NTRS) has reached an agreement with SimCorp®, a leading provider of Software as a Service (SaaS) investment management solutions, to enable integration for efficient data exchange for clients using the SimCorp Dimension® platform.

/crypto

DZ Bank selects Metaco for digital custody

Metaco announces today its cooperation with DZ BANK AG, the central institution to the Volksbanken Raiffeisenbanken cooperative financial network, one of the largest banking groups in Germany

/payments

Go-live of the T2-T2S consolidation project confirmed

Following an assessment by the Market Infrastructure Board of the European Central Bank (ECB), the Governing Council of the ECB has confirmed the go-live date for the T2-T2S consolidation project.

/regulation

SEC finalises rules for move to T+1

The Securities and Exchange Commission has finalised rule changes to cut the settlement cycle to one business day in order to reduce risks in the clearance and settlement of securities.

/markets

Japan Securities Clearing Corporations implements blockchain for settlement of rubber futures

This is to announce that, with cooperations of the stakeholders, starting from January 2023, Japan Securities Clearing Corporation, CCP under Japan Exchange Group, Inc., implements a blockchain technology in the settlement by delivery of rubber futures as detailed below, as a first shot of its utilization of a blockchain technology.

/markets

ICE bids to digitise paper-based post-trade and shipping processes for energy industry

Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology, and market infrastructure, today announced the launch of ICE Digital Trade Documents (ICE DTD) for the energy industry, a highly configurable solution digitizing post-trade and shipping processes for physically delivered commodities including oil, gas and petrochemicals.

/regulation

Esma consults on post-trade transparency

This Consultation Paper focuses on the new Level 3 guidance that will be included in the manual which is meant to provide further clarifications on:

/markets

Euronext to shift derivatives clearing to Italy

Euronext, the leading pan-European market infrastructure, today announces that the European expansion of Euronext Clearing to Euronext derivatives markets is planned for Q3 2024.

/markets

BNP Paribas invests in AccessFintech

BNP Paribas is the latest banking giant to invest in AccessFintech, joining a previously announced Series C funding round for the capital markets specialist.

/people

Cboe appoints Vikesh Patel president, Cboe Clear Europe

Cboe Global Markets Inc. (Cboe: CBOE), a leading provider of global market infrastructure and tradable products, today announced the appointment of Vikesh Patel as President of Cboe Clear Europe, its leading pan-European clearing house.

/markets

LSEG to acquire Acadia

London Stock Exchange Group is to acquire Acadia, a provider of automated margin processing and integrated risk services for uncleared deriviatives.

/Post-trade & ops

Canadian Securities Administrators outlines steps for T+1 transition

The Canadian Securities Administrators (CSA) today published for comment proposed rule amendments to National Instrument 24-101 Institutional Trade Matching and Settlement (NI 24-101) to support the transition from a two-day Canadian trade settlement cycle to a one-day settlement cycle.

/cloud

Intech signs for SimCorp Investment Operations Service

Intech, a quantitative asset manager investing on behalf of pension funds, governments, endowments, and other institutional investors worldwide, has selected SimCorp as its partner for the implementation of SimCorp's state-of-the-art Investment Operations Service solution.

/regulation

Regulators increase scrutiny of ASX post-trade arrangements

Today ASIC and the Reserve Bank of Australia (RBA) (the regulators) have taken further action to ensure that all necessary steps are taken by ASX to support and maintain current CHESS until its replacement is successfully implemented.

/people

Taskize appoints former Morgan Stanley MD James Pike as head of business development

Taskize, the leading provider of inter-company workflow to the financial services industry, has announced the hire of former Morgan Stanley Managing Director James Pike as Head of Business Development.

/markets

KfW first to issue digital fixed-income bond on Clearstream D7

KfW is the first issuer to have launched a digital fixed-income bond in the form of central register security based on the German Electronic Securities Act (eWpG).

/crypto

Fnality and HQLAX run PoC of cross-chain repo swap settlement

Fnality and HQLAX announce the successful completion of the first proof of concept (PoC) delivery versus payment (DvP) repo settlement across the Fnality Payment System (FnPS) and HQLAX’s Digital Collateral Registry, bridging the distributed ledger technologies (DLT) of Enterprise Ethereum and R3 Corda, respectively.

/wholesale

MUFG becomes first Japanese bank to commit to CLSNet

CLS, a market infrastructure group delivering settlement, processing and data solutions, today announces that MUFG Bank is the first Japanese bank to commit to using CLSNet, CLS’s bilateral payment netting calculation service for over 120 currencies.

/markets

Finastra onboards Fragmos Chain’s blockchain platform for OTC derivatives market

Today Finastra announced a collaboration with Fragmos Chain, a blockchain platform which digitalizes interactions between financial institutions, to provide Finastra customers with out-of-the-box integration with Finastra Summit, its over-the-counter (OTC) derivatives market solution.

/markets

ASX takes A$250m hit after scrapping DLT-based Chess replacement project

The Australian Securities Exchange (ASX) is pulling the plug on its much-delayed blockchain-based post-trade network, writing off about A$250 million.