Clearing and settlement
Amundi Onboard with LCH’s CDSClear Service
Amundi becomes the first buy-side firm to use LCH’s clearing service for Credit Default Swaps (CDS) via its clearing broker, BNP Paribas.
Euronext Makes €510 Million Swoop for LSE’s French LCH.Clearnet Division
Euronext makes offer to acquire French clearing house from London Stock Exchange, subject to completion of LSE’s merger with Deutsche Börse.
ICE, Platts Expand Natural Gas Pricing Alliance
Platts officials say incorporating data from ICE will expand the percentage of natural gas markets reflected in its prices.
ASX to Decide on Replacing CHESS Platform with Distributed-Ledger Solution by End of 2017
The Australian exchange recently completed the prototype for the distributed-ledger technology (DLT) platform
Traiana Adds UBS, Barclays to Automated Central Clearing Platform
Addition of UBS and Barclays to give 'tremendous boost' to trade volumes netted on Harmony CCP Connect for Equities platform.
JPX Selects Cinnober for Risk Monitoring
JPX to leverage risk monitoring solution across its markets.
Singapore Exchange Selects Millennium PostTrade for Clearing Business
SGX Central Depository adopts MillenniumIT’s clearing, settlement and depository platform.
Markit Launches Netting Synchronization Service for Cleared OTC Derivates
Service to facilitate automated netting for OTC derivatives and provide single data source for trades.
OpenGamma, CloudMargin Partner on Portal for OTC Derivatives Clearing Mandate
OpenGamma partners with CloudMargin to deliver independent validation of initial margin of OTC trades.
Diversification Key to Successful Clearing Mandate
Recovery and resolution plans may not be sufficient to mitigate systemic risk or the creation of 'too-big-to-fail' central counterparties.
BBH Enhances Settlement Functions via Omgeo Hook-Up
Brown Brothers Harriman becomes the first global custodian to go live on Omgeo’s ALERT GC Direct service.
Don't Hold Your Breath on T+2 Arriving in 2017
The US market will eventually move to T+2 but Anthony says that that happening by Q3 2017 is ambitious.
T+2 ISC Announces Proposed Timeline for T+2 Shift in US, Sets Q3 2017 Goal
Committee releases white paper that outlines timeline and requirements necessary for shift to T+2.
GFI Bows CME–LCH Cleared Spreads Data
The new service will provide data on the spread between contracts cleared on CME versus those cleared on LCH
ICE Clear Europe, Clearstream Europe Collateral Management Partnership Launched
Service to allow Clearstream members use of assets for margin requirement management.
Rethinking Investor Protection in the Central Clearing Revolution
Automation and STP are required to protect investors.
T+2: Catalyst for Change
The move to a shortened settlement period from three days to two, commonly referred to as T+2, is set to shake up the European buy-side community when it comes into force on October 6. Marina Daras looks at the impact T+2 could have on transaction…
Barclays Africa Goes Live on EquiLend
Johannesburg-based Absa Bank, a subsidiary of Barclays Africa, has become South Africa’s first domestic bank to execute a securities finance trade on the EquiLend trading platform. The move marks a progression toward the automation of Absa’s trading and…
OpenGamma Hires LCH Clearnet's Ait Si Brahim
Open-source risk management and analytics software vendor OpenGamma has made a number of new hires in its London office to support development of the margining platform it launched in November that aggregates data from different sources to support…
Nasdaq OMX Clearing Receives First EMIR Authorization in Europe
The Stockholm-based clearinghouse, Nasdaq OMX Clearing, has received regulatory approval by the Swedish Financial Services Authority (SFSA) to operate as a central counterparty under the European Market Infrastructure Regulation (EMIR).
DWPBank Extends SIX Data Deal
Frankfurt-based Deutsche WertpapierService Bank (DWPBank) has signed a five-year extension to an existing deal for SIX Financial Information to supply the bank with market data and evaluated prices.
Guilty Bankers Should Be Counting Rocks on a Prison Beach, Says Consultant
Alex Jurshevski wasn't even supposed to appear on the over-the-counter (OTC) and central clearing panel at the Toronto Financial Information Summit. It was only because of flooding in the city that the founder of Recovery Partners, a consultancy, was…
Broadridge Backs Bloomberg Tradebook
The investor communications provider is now helping Bloomberg's agency brokerage begin self-clearing U.S. equities with its hosted business process outsourcing (BPO) solutions.
Retiring Industry Veteran Cutrone Reflects on the Past—and the Future
After more than four decades in the capital markets, Lee Cutrone is retiring. He talks with Anthony about the highs, the lows, and what he’ll miss once he's out of the business—namely, T+2, or even T+1, settlement cycles.