Clearstream’s post-trade offerings will become part of SimCorp’s integrated, front-to-back office investment platform, known as SimCorp One, as a result of a new partnership between the two companies, officials say. SimCorp is a provider of investment management solutions, while Clearstream offers fund dealing, distribution, digital, and data services to more than 55 fund markets worldwide,… Read More >>
Clearstream & Crypto Finance to Provide Crypto Custody
Clearstream and Crypto Finance are working to provide a new cryptocurrency custody offering for institutional investors, officials say. Clearstream, a post-trade services provider, will be using Crypto Finance as a sub-custodian offering settlement and custody services in crypto assets to institutional investors, officials say. Both companies are part of Deutsche Börse Group. “The offering is… Read More >>
Ops FMIs Propose Blueprint to Safeguard Digital Assets
DTCC, Clearstream, and Euroclear in conjunction with Boston Consulting Group (BCG) are launching “a comprehensive risk and control framework” for the digital assets industry, including tokenized assets, and the trio asserts the timing is right for such a blueprint. The blueprint, dubbed the Digital Asset Security Control Principles (DASCP) framework, is detailed in a white… Read More >>
TMX, Clearstream & 5 Banks Launch Tri-Party Repo Service
TMX Group and Clearstream have launched the first domestic tri-party repo capability for the Canadian market, dubbed the Canadian Collateral Management Service (CCMS), which has already transactions via the support of BMO, CIBC, RBC, Scotiabank, and TD, officials say The service will support collateral management within the shorter, T+1 settlement requirements that take effect later… Read More >>
Clearstream Taps Intix to Bolster Data Management
Deutsche Börse Group’s post-trade services company Clearstream is working with data solutions provider Intix in an effort to meet regulatory and customer demands for better access and management of financial messaging data, officials say. Intix is a transaction data management platform that helps financial services firms “monitor, comply, manage risk, and detect fraud in every… Read More >>
DTCC & Others Want Ops Standards for Digital Assets
Clearing agencies DTCC, Clearstream, and Euroclear on September 18 called upon the financial services sector to develop industry standards for digital assets, including blockchain/distributed ledger technology (DLT) for trading digital securities and tokenized securities. Without industry standards, the growth of digital assets in the financial sector will slow and even stall, argue the agencies, which… Read More >>
SWIFT Enlists SETL for Digital Asset Ops Pilot
The SWIFT financial messaging and services cooperative is exploring how it might facilitate interoperability among the distributed ledgers used to underpin the tokenized asset market, and London-based blockchain upstart vendor SETL has joined the effort. “SWIFT plans a series of experiments in Q1 2022 leveraging its trusted role as a central platform to explore the… Read More >>
Capitolis Taps State Street for Key Post
Capitolis Hires James Reilly A software-as-a-service (SaaS) vendor, Capitolis has hired industry veteran James Reilly from State Street and appointed him as its new head of equity and total return swaps (TRS) funding solutions, officials say. Reilly has two decades of capital markets and financial technology experience. The Capitolis networking software helps firms find liquidity… Read More >>
ESMA Helps CSDs Prepare for New Rules
E.U. regulator the European Securities and Markets Authority (ESMA) has had a busy summer, with its latest efforts being the publication of guidelines regarding the cooperation between authorities under the Central Securities Depositories Regulation (CSDR). The CSDR is intended to ensure competent authorities (CAs) work together to apply the legislation in a consistent, efficient and effective supervisory manner…. Read More >>
Clearstream, ColleX Take On Tri-Party Collateral Management
Clearstream, in its role as an international central securities depository, has decided to work with with a collateral exchange platform provider ColleX, part of BGC Partners, in an effort to offer price discovery and best execution in order to streamline the tri-party collateral management process and improve access to a fragmented market. The agreement to… Read More >>
