Latest Post-trade & ops News: Finextra Research

Commerzbank completes money market transaction over R3 Corda

Germany's Commerzbank has hailed the potential of blokchain technology for money market trades, having successfully replicated a EUR100,000 Euro Commercial Paper transaction with a limited number of trading partners.

25 September 2017

News/Post-trade & ops

Finextra partners with top banks and vendors for Sibos debates

Finextra is partnering with leading banks and vendors to run a series of roundtable events covering corporate banking, trade and supply chain finance and winning strategies for fintech collaboration at the annual Sibos conference in Toronto in October.

22 September 2017

News/Post-trade & ops

German central bank flags DLT weaknesses

Deutsche Bundesbank has dampened the blockchain hype, dismissing distributed ledger technology's prospects in retail payments, at least in the eurozone, and pouring cold water on central bank-issued digital currencies.

22 September 2017

News/Post-trade & ops

SETL aims for 2018 launch of blockchain-based fund platform

SETL and four french fund managers are aiming to go into production in 2018 with a pan-European fund record-keeping platform based on blockchain technology.

15 September 2017

News/Post-trade & ops

Regulatory and technology challenges impede the rapid roll out of DLT says DB exec

Regulatory impediments and the current fragmentation of protocols from a multiplicty of providers of distributed ledger technology will prove to be a major challenge for banks to overcome before the technology can go mainstream in financial markets, says a senior Deutsche Börse executive.

11 September 2017

News/Post-trade & ops

US moves to T+2 settlement

In a move designed to boost efficiency and reduce risks, starting today, US stock and bond trades begin settling in two, rather than three, days.

05 September 2017

News/Post-trade & ops

India's central bank plans blockchain platform

The R&D unit of the Reserve Bank of India is preparing to launch a banking platform based on blockchain technology.

01 September 2017

News/Post-trade & ops

More major banks join UBS-led blockchain project

A UBS-led plan to develop a digital cash system based on blockchain technology has won the support of six major banks ahead of a planned launch in late 2018

31 August 2017

News/Post-trade & ops

UK clearing houses to be subject to formal cybersecurity reporting

Clearing houses in the UK will have to complete regular cybersecurity reports due to new legislation likely to be introduced in May 2018.

25 August 2017

News/Post-trade & ops

Frankfurt predicts Brexit jobs boost at London's expense

A recently published report states that, contrary to the fears of Brexit-sceptics, the UK's exit from the European Union will create as many as 80,000 new jobs - the majority of which will be in financial services. The only problem for Brexiteers is that the jobs will be in Frankfurt rather than London.

25 August 2017

News/Post-trade & ops

Bank of America applies AI to streamline client payment processing

Bank of America has worked with fintech startup High Radius to apply artificial intelligence to corporate processing of accounts receivables.

23 August 2017

News/Post-trade & ops

Options lands $100 million PE investment

UK capital markets technology outfit Options has scored a significant $100 million investment from New York-based private equity house Bregal Sagemount.

16 August 2017

News/Post-trade & ops

SIX Swiss Exchange to apply DLT tech from Nasdaq in structured products line

SIX Swiss Exchange is to investigate the prospect of using distributed ledger technology in its over-the-counter structured product business as part of its long-standing trading technology contract with Nasdaq.

09 August 2017

News/Post-trade & ops

Euronext acquires stake in LCH France

Euronext has agreed a deal to acquire an 11% stake in the French operations of LCH Group on the back of a ten-year derivatives processing arrangement.

08 August 2017

News/Post-trade & ops

Former Deutsche COO takes stake in DLT venture Cobalt

Cobalt, the FX post-trade processing network based on shared ledger technology, has closed an investment from Henry Ritchotte, the former Deutsche Bank COO who will also become a member of the startup's strategic advisory board.

03 August 2017

News/Post-trade & ops

Blockchain-based trade matching engine gets the nod from ING

Dutch bank ING believes the days of mismatched trading tickets could be drawing to a close after conducting tests of a blockchain-powered trade confirmation platform in partnership with Calypso and the R3 consortium.

01 August 2017

News/Post-trade & ops

Mizuho and NRI use AI to eliminate tedious derivative contract procedures

Japan's Mizuho Bank has been working with Nomura Research Institute (NRI) on the use of artificial intelligence to eliminate lengthy and complex derivative contract procedures.

01 August 2017

News/Post-trade & ops

Euroclear backs away from gold bullion blockchain project

Euroclear has walked away from a blockchain partnership with Paxos for the London gold bullion market that was set to go into live production later this year.

28 July 2017

News/Post-trade & ops

Machines could take over 30% of bank jobs: McKinsey

Robots, artificial intelligence and other forms of automation could take over almost a third of investment banking jobs within just a few years, according to a recent report from consultant McKinsey.

21 July 2017

News/Post-trade & ops

Corporates rally round Swift gpi

Six leading Swiss corporates with international operations - including ABB, Nestle, Roche, SBB, Swiss Re and Wurth – have issued an open letter in support of Swift's global payment innovation initiative to improve the speed, transparency and predictability of cross-border payments.

19 July 2017