Post-trade & ops

1183 articles tagged with this keyword

/markets

Deutsche Börse takes minority stake in WeMatch

Deutsche Börse has aquired a minority stake in WeMatch, a fintech company focussing on trading workflows for the wholesale derivatives industry, as part of a $19.5 million Series B equity funding round.

/markets

Big banks join post-trade DLT joint venture Marketnode

A host of big banks have joined Marketnode, a digital asset joint venture from Singapore Exchange and Temasek focused on capital markets workflows through smart contracts, ledger and tokenisation technologies.

/markets

DTCC to begin development of DLT-based settlement system

The Depository Turst and Clearing Corporation is to move into the development phase of a protytpe settlement platform based on distributed ledger technology that could act as the precursor to a US move to a same day settlement cycle

/regulation

Clearstream sells its 50% stake in Regis-TR to joint venture partner Iberclear

Clearstream is selling its 50% stake in the European trade repository Regis-TR to its joint venture partner Iberclear, part of SIX, who is taking full control of the business.

/markets

Commerzbank faces €200m hit after ditching HSBC outsourcing deal

Commerzbank will write off €200 million in the second quarter after deciding to abandon plans to outsource securities settlement to HSBC, citing "technical implementation risks".

/regulation

Bank of England reprimands Euroclear over settlement outage

The Bank of England has taken supervisory action against Euroclear following a settlement outage that resulted in notable market disruption in Ireland last year.

/markets

Interoperability crucial for DLT in post-trade processes - ECB

Market participants working on the use of DLT in post-trade processes need to ensure interoperability if the technology is to succeed, according to a European Central Bank report.

/markets

Instinet and Credit Suisse conduct live same-day settlement of US equity trades

Instinet and Credit Suisse have conducted the first live trades of US-listed equities on a T+0 settlement timeframe using blockchain technology from Paxos.

/markets

DTCC puts DLT at front and centre of shift to T+1

The Depository Trust and Clearing Corporation is close to completing work on a prototytpe settlement system based on distributed ledger technology, which could act as the precursor to a US move to a T+1 settlement cycle.

/wealth

Apex Clearing to go public via Spac

Custody and clearing fintech Apex Clearing is set to go public via a Spac with blank-check company Northern Star Investment Corp II in a transaction valued at $4.7 billion.

/cloud

BNY Mellon taps Google Cloud to forecast settlement failures

The Bank of New York Mellon is working with Google Cloud to help clients better predict billions of dollars in daily treasury market settlement failures to improve market liquidity.

/markets

CME Group and IHS Markit to combine post-trade services

CME Group and IHS Markit have agreed to combine their post-trade services for the OTC markets into a new 50/50 joint venture.

/devops

Brazil's B3 selects Genesis low-code application platform

Brazilian financial market infrastructure player B3 has signed on for Genesis's low-code application platform.

/crypto

Northern Trust and StanChart partner for crypto custody service

Asset servicer Northern Trust and Standard Chartered have sought to capitalise on the growing demand for cryptocurrency services by jointly developing a digital custody service aimed at institutional investors.

/wholesale

Credit Suisse applies Open Banking APIs to interbank transactions

Credit Suisse has introduced two new Open Banking interfaces designed to provide financial counterparties with access to real-time data on the status of their securities and foreign exchange transactions.

/markets

Deutsche Bank to provide early warning system for settlement fails

Deutsche Bank is to debut settlement service using technology from Elastic that will provide clients with an early warning of likely settlement delays for in-flight transactions.

/markets

Big banks step up funding for post-trade network AccessFintech

AccessFintech has secured $20 million in Series B financing in an investment round led by Dawn Capital, with additional funding from Deutsche Bank and follow on investing from JPMorgan, Citi, Goldman Sachs

/covid-19

Sibos 2020: World should have been prepared for the pandemic - Jamie Dimon

The world was not prepared for a global pandemic like Covid-19 but it should have been, according to Jamie Dimon, CEO of JPMorgan.

/markets

Deutsche Börse to sell reporting biz to MarketAxess

Fixed income trading platform MarketAxess has struck a deal to buy Deutsche Börse's regulatory reporting business. Financial terms were not disclosed.

/markets

BNP Paribas preps for post-trade DLT with smart contract apps

BNP Paribas Securities Services is working with Digital Asset to design a number of real-time trade and settlement apps using smart contracts