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

FCA publishes 'near final' rules for MiFID II

The Financial Conduct Authority (FCA) has today published near final rules on the implementation of the Markets in Financial Instruments Directive (MiFID) II.

31 March 2017

Company update/Post-trade & ops

BM&FBovespa and Cetip combine to form B3

B3 is born today, providing a world-class financial market infrastructure that is complemented by a wide range of products and services.

31 March 2017

News/Post-trade & ops

Banks drive ahead with blockchain project for syndicated loans market

Vendor Synaps Loans and a group of banks working under the R3 blockchain banner, say they have made big progress in an initiative to apply distributed ledger technology to an overhaul of the antiquated and costly manual intervention in the $3 trillion global syndicated loans market.

31 March 2017

Company update/Post-trade & ops

DTCC Omgeo Alert revamps to become industry's SSI utility

The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced that its Omgeo Alert solution, a global repository for storing standing settlement instruction (SSI) data, has completed enhancements to become the industry’s single and centralized ‘SSI Utility.’

29 March 2017

News/Post-trade & ops

LSE and Deutsche Börse merger officially blocked by European Commission

The European Commission has officially blocked the proposed mega-merger between the London Stock Exchange and Deutsche Börse, citing competition concerns.

29 March 2017

Company update/Post-trade & ops

Avaloq concludes migration of Axion Swiss Bank

The Avaloq group, an international fintech company and leader in integrated and comprehensive banking solutions, has successfully completed the migration of Axion Swiss Bank to its business process outsourcing setup (BPO setup) based on the Avaloq Banking Suite.

29 March 2017

Company update/Post-trade & ops

Caceis selected as clearing and settlement agent by Orca Capital

Munich-based Orca Capital GmbH has selected CACEIS to provide cash equity clearing and settlement services for its global securities and bonds trading activity.

29 March 2017

News/Post-trade & ops

IBM, Natixis and Trafigura team on blockchain platform for oil trades

Commodities trading house Trafigura and French bank Natixis are working with IBM to test the use of blockchain technology for settling US crude oil transactions.

28 March 2017

Company update/Post-trade & ops

LCH offering repo clearing on German debt

LCH, a leading global clearing house, has extended its RepoClear service to offer clearing for cash and repo trades on German government securities via LCH SA, its continental Europe-based entity.

28 March 2017

Company update/Post-trade & ops

DST to acquire remaining interest in State Street joint venture vehicles

DST Systems, Inc. (DST), a leading global strategic advisory, technology, and operations outsourcing company, and State Street Corporation (STT), today announced definitive agreements for DST to acquire State Street's ownership interest in the Boston Financial Data Services, Inc. ("BFDS") joint venture and the International Financial Data Services Limited ("IFDS U.K.") joint venture in the UK.

27 March 2017

Company update/Post-trade & ops

Lupo Holdings deploys Rival Risk platform

Rival Systems (Rival), an award-winning provider of trading and risk management software, today announced that Lupo Holdings has selected the Rival Risk platform to manage its futures, equities and options trading business.

23 March 2017

Company update/Post-trade & ops

SEC adopts T+2 settlement cycle for securities transactions

The Securities and Exchange Commission today adopted an amendment to shorten by one business day the standard settlement cycle for most broker-dealer securities transactions.

22 March 2017

Company update/Post-trade & ops

SET to move to T+2 in March 2018

The Stock Exchange of Thailand (SET) announces the target implementation date for the two-day settlement cycle (T+2) on March 2, 2018.

22 March 2017

Company update/Post-trade & ops

First buy-side client live with credit default swaps clearing at LCH

LCH, a leading global clearing house, announced today that its first European buy-side client is now live on CDSClear. Amundi is now clearing credit default swaps (CDS) at CDSClear via its clearing broker BNP Paribas.

22 March 2017

Company update/Post-trade & ops

Gary Appleby joins Asset Control as head of international sales

Asset Control today announces the appointment of Gary Appleby as Head of International Sales with immediate effect.

22 March 2017

Company update/Post-trade & ops

NSD and Naufour implement new tech platform for UIT market

National Settlement Depository (NSD), Russia’s central securities depository, in cooperation with the Russian National Association of Securities Market Participants (NAUFOR), has launched a centralized system for record keeping and distributing Unit Investment Trust (UIT) units.

21 March 2017

Company update/Post-trade & ops

Oracle and Numerix to develop FRTB compliance suite

Oracle Financial Services Analytical Applications (OFSAA) has announced a collaboration with Numerix, provider of innovative capital markets technology, to develop and bring to market solutions that enable financial institutions to comply with the Fundamental Review of the Trading Book (FRTB).

21 March 2017

Company update/Post-trade & ops

SmartStream hires Richard Bowler as CFO

SmartStream Technologies, the Transaction Lifecycle Management (TLM®) specialist, today announced the appointment of Richard Bowler as Chief Financial Officer (CFO), he will be responsible for all aspects of the company’s finances, including treasury, administration and financial strategy.

21 March 2017

Company update/Post-trade & ops

Plato Partnership completes deal with Trade Informatics PLIA

Plato Partnership Limited (“Plato Partnership”), a not-for-profit company bringing creative solutions and efficiencies to today’s equity marketplace, has signed a collaboration agreement with Trade Informatics PLIA. The PLIA platform in Europe will be renamed PLIAPlato as part of this deal.

21 March 2017

Company update/Post-trade & ops

DTCC LEI utility achieves Gleif accreditation

The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced that its subsidiary operating the Global Markets Entity Identifier utility (GMEI utility) has received official accreditation from the Global Legal Entity Identifier Foundation (GLEIF).

20 March 2017