1197 articles tagged with this keyword
News/Post-trade & ops
London-based back office processing provider Xchanging has agreed to sell its 51% stake in Xchanging Transaction Bank (XTB) back to partner Deutsche Bank for EUR40.5 million in cash.
15 May 2013
IPC Systems has unveiled a vendor and customer app development partner programme for its Unigy trading communications platform.
14 May 2013
Rocket scientists on Wall Street are set to be usurped by a new generation of 'data scientists', as investment banks combine new analytical approaches with the arrival of torrents of Big Data to transform their trading strategies, according to a new paper from BNY Mellon.
10 May 2013
Deutsche Börse has merged its market data and analytics unit with external technology and connectivity services as it bids to boost its IT-related sales.
07 May 2013
A badly bungled systems reconfiguration at the Chicago Board Options Exchange that shut down trading for three-and-a-half hours last week is set to increase pressure on the CBOE to let rival exchanges trade its proprietary options products.
30 April 2013
The technology-driven revolution in securities markets in recent years requires regulators to overhaul their surveillance operations with a focus on the micro-management of trade data, says a report from the International Organization of Securities Commissions (Iosco).
22 April 2013
The Financial Stability Board has mooted the creation of a central utility for sharing aggregated trade data, as evidence mounts that national jurisdictions are lagging in implementing OTC derivatives trading reforms.
19 April 2013
A former Goldman Sachs trader has pleaded guilty to fabricating trades on a manual system to hide an unauthorised $8.3 billion futures bet.
05 April 2013
Shares in UK capital markets tech house First Derivates slipped in early morning trading as the vendor warned that it may have to take a "significant" provision against an unpaid debt owed to its Cognotec unit.
02 April 2013
LCH.Clearnet suffered a serious IT failure on 31 December, affecting payment processing and hindering the clearing house's contingency plans, according to the Bank of England.
26 March 2013
The European Commission is to extend an anti-trust investigation in to the market for credit default swaps to cover the activities of the International Swaps and Derivatives Association (Isda).
A group of leading sell-side banks has set up a working group that will focus on the creation of an open industry standard protocol for client and trader enablement on electronic trading platforms.
New swaps data reporting rules have left the Commodity Futures Trading Commission (CFTC) floundering in a sea of data, its computers crashing under the strain, claims one of the watchdog's own commissioners.
20 March 2013
A commercial initiative to build an industry-led consolidated tape for European equities has been abandoned after the backers of the project failed to gain a consensus among disparate market participants.
Global spending on market data and analysis rose a modest 2.34% in 2012, with Bloomberg narrowly beating out rival Thomson Reuters to gain the biggest slice of the pie, according to a report from Burton-Taylor International Consulting.
15 March 2013
Pan-European cash equities clearing houses EuroCCP and the European Mulitlateral Clearing Facility (EMCF) have agreed to merge their operations.
14 March 2013
The Securities and Exchange Commission has approved new rules governing IT policies and procedures at 'key market participants', in an effort to better insulate the markets from vulnerabilities posed by systems technology issues.
08 March 2013
Google, Nyse Technolgies and Thomson Reuters are among 31 firms to throw their hats into the ring to build a consolidated audit trail (CAT) system to monitor and analyse US trading activity.
07 March 2013
The London Stock Exchange is expecting to realise EUR25 million in IT rationalisation and other cost savings as it agrees a revised £284 million cash offer to buy a majority stake in LCH.Clearnet.
European banks and broker-dealers are lagging in their understanding of the impact of the European Central Bank's plans for harmonising settlement under the Target2Securities platform, with migration costs for back offices estimated at anywhere between seven million euros and EUR27 million.
06 March 2013
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