Post-trade
Nasdaq–Adenza: A look at the tech
The exchange operator announced its intention to acquire the software firm, which combines AxiomSL and Calypso, in a deal that amounts to its largest acquisition to date.
This Week: Europe’s Mifir review, MarketAxess, FIA, and more
A summary of the latest financial technology news.
Shortening the Settlement Cycle: Then and Now in Asia
DTCC’s Joseph Capablanca says that while T+1 will bring benefits to Asia investors, industry participants need to improve ‘behavioral processes’.
Digital assets trade processing: The roadblocks and the road ahead
Institutional investors want digital assets, but have several key concerns. Kristin Hochstein of ISITC explores some ways to improve investor confidence in the space.
EU lawmakers struggle to find common ground on equities CT
The debate over a consolidated tape for European equities heated up when a second contender for the role of provider emerged during the EU’s trilogue process. But as the bloc’s three legislative bodies try to reach a compromise, commercial interests are…
Deutsche Börse seeks seat at tech leader table with SimCorp buy
With exchanges such as Cboe, Nasdaq, LSEG, and ICE leading the pack of exchanges that double as technology companies, the German exchange is playing catch up with its proposed offer for buy-side tech vendor SimCorp.
Does the case against Cusip have legal merit? We’re about to find out
As the parties involved in the Cusip lawsuit wait to see whether the case will proceed to trial, Reb discusses what it might mean if the defense's claim that the case has no legal merit is true.
Waters Wavelength Podcast: Broadridge’s Tyler Derr
Broadridge’s CTO Tyler Derr joins the podcast to talk about interoperability, blockchain, and other emerging tech.
Waters Wrap: Blockchain—let’s put the hammer back in the box
With the ASX Chess DLT failure and users ignoring DTCC’s DLT option for its Trade Information Warehouse, Anthony wonders what it will take for the industry to stop touting this buzzword for non-specialized needs.
Winners and losers from the post-trade tech revolution
As the pace of tech evolution increases, Christian Sjoberg says firms that aren’t investing in new technologies to solve old post-trade problems will be left behind.
Hurry up and wait: EU debates potential models for ‘essential’ consolidated tape
As the legislative debate surrounding a future European consolidated tape for equities takes on increased urgency, market participants and interested parties are beginning to weigh in with their visions of a successful tape.
Ice exec rejects cloud for critical infrastructure
FIA Boca 2023: SVP Bland “can’t imagine” outsourcing critical infrastructure; DRW’s Wilson warns of concentration risk
DTCC’s blockchain for CDS trades finds no takers
Sources say the industry is not yet ready to fully adopt wide-scale implementations of distributed-ledger technologies.
A rough race begins: Industry faces uphill transition to T+1 settlement
With T+1 compliance set to begin next May, firms will likely be burdened by reduced IT budgets, existing legacy systems and manual processes over the next 15 months. So, while faster settlement will help innovate the middle and back office, some argue…
Defendants in Cusip suit make their case for dismissal
Cusip Global Services and its affiliates have filed a joint motion to dismiss the anti-trust class-action lawsuit.
Waters Wrap: The DTCC, Cusip and questions of a monopoly
While the companies that oversee Cusips find themselves embroiled in a lawsuit, Anthony questions where the DTCC stands in this unfolding drama.
Waters Wavelength Podcast: The case for DLT in post-trade
Jerome Kemp of Baton Systems joins the podcast to discuss DLT in post-trade.
Waters Wavelength Podcast: Digital asset custody infrastructure
Stephen Richardson, head of Apac and senior vice president of financial markets at Fireblocks, joins the podcast to chat about multi-signature and multiparty computation technology.
Inside look: Taking aim at data processing blockages
A startup is looking to automate the bulk of banks’ data processing workflows.
AI proves helpful for banks facing new cash penalties for settlement failures
According to one report, banks have been hit with penalties of up to €5 million per month under new CSDR settlement rules. As a result, banks are turning to AI to help.
The year identifiers wanted some attention too
Cusip! Figi! Isin! BTC! LEI! Taylor Swift? How did we get here and where do we go now?
Post-trade still struggling from underinvestment, but purse strings are opening
Bloomberg, Broadridge, BNP Paribas, and a handful of startups are working to address manual processes in the back office.
Consolidated tapes gain ground in 2022
Regulators in the US, UK, and EU moved to push forward market data efforts this year.
Banks express concern over top venues’ bid for EU consolidated tape
End-users are worried about the repercussions of handing over a data monopoly to the heavyweight operators in the fixed income space.