Post-trade & ops

1192 articles tagged with this keyword

/markets

EquiLend services knocked out by cyber-attack

EquiLend has warned clients that services could be down for several days after the securities lending trading platform was hit by a cyber-attack.

/markets

EquiLend to be acquired by PE firm WCAS

EquiLend, the securities lending trading platform owned by 10 major Wall Street firms, is being acquired by private equity firm Welsh, Carson, Anderson & Stowe (WCAS).

/markets

Broadridge releases GenAI tool for cutting settlement fails

Broadridge has launched a ChatGPT-style Large Language Model for streamlining back office operations and cutting settlement fails.

/wholesale

ASX turns to Tata to replace Chess system

The Australian Securities Exchange (ASX) is planning to turn to a third party to replace its ageing clearing and settlement system.

/crypto

DTCC buys blockchain outfit Securrency

The Depository Trust & Clearing Corporation (DTCC) has agreed to buy blockchain-based fintech Securrency. Financial terms were not disclosed.

/wholesale

Citi joins blockchain bond exchange

Global custodian Citi Securities Service has announced its membership of BondbloX Bond Exchange (BBX), a DLT-based platform that claims to be the world's first fractional bond exchange.

/regulation

Proxymity launches digital voting service in US

Investor communications platform Proxymity has launched its digital voting service in North America.

/markets

TT boosts cross-asset offering with Abel Noser Solutions acquisition

Capital markets tech vendor Trading Technologies has agreed to buy Abel Noser Solutions (ANS), a provider of transaction cost analysis for investment managers, brokers, asset owners and consultants. Financial terms of the deal were not disclosed.

/markets

Barclays RepoHack 2023 seeks industry ‘buy-in’ to re-shape post-trade repos

Barclays today opened registrations for the Barclays RepoHack 2023, an industry hackathon that will set market participants the challenge of building novel solutions for repo post-trade services.

/crypto

Bitpanda crypto exchange spins out with €30m funding

Digital asset exchange Bitpanda Pro has spun out from its parent company and raised €30 million in a funding round led by Peter Thiel’s Valar Ventures.

/wholesale

Deutsche Bank applies for digital asset licence

Deutsche Bank has become the latest investment bank to announce its push into the crypto custody market.

/markets

FIA Tech snags $25.4 million for Trade Data Network

Seven major global banks have shelled out $25.4 million to fund the ongoing development of a post-trade service for exchange traded derivatives.

/markets

Delta Capita buys SETL capital markets business

Delta Capita is setting up a distiributed ledger venture, acquiring the capital markets business of blockchain firm SETL and signing up Montis Group as an anchor client and minority investor.

/markets

UK market participants sees risks in move to T+1

As the US prepares to shorten the settlement cycle, market participants in the UK are expressing concern about potential operational, technological and cost hurdles, warns a report from Torstone Technology.

/crypto

Nomura invests in digital asset clearing house ClearToken

Nomura's digital assets subsidiary, Laser Digital, has invested in ClearToken, a startup prepping a clearing house to the digital asset marketplace. Terms of the investment were not disclosed.

/people

ASX adds dedicated CIO position

The Australian Securities Exchange (ASX) is creating a standalone technology division under a dedicated chief information officer.

/crypto

Crypto firm Copper makes job cuts

UK digital asset custody and trading startup Copper is ditching its enterprise business and making job cuts as it faces up to the crypto sector's market and regulatory woes.

/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

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.

/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.