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 >>
E.U. Kills LSE-Deutsche Börse Merger
On the same day that Brexit launched, the London Stock Exchange Group (LSEG) and Deutsche Börse have definitively called it quits after the European Commission prohibited the proposed merger, citing the potential of a monopoly in the markets for clearing fixed income instruments. The E.C. investigation “concluded the merger would have created a de facto… Read More >>
SIX Securities, Clearstream Partner to Target Ops Woes
SIX Securities Services, the Swiss central securities depositary (CSD), and Clearstream, an international CSD, are joining forces to develop new services and solutions to better combat tighter regulation, reduced margins and increased competition. It has been well documented that regulation such as the E.U.’s Markets in Financial Instruments Directive II (MiFID II) and the European… Read More >>
Unified Settlement Push in Europe Hits Speed Bumps
The European Central Bank (ECB) has rescheduled the implementation of its Target 2 Securities (T2S) program, allowing one of the largest central securities depositories (CSDs) to delay migration until September 2016. The delays, however, are not likely to derail the T2S push, launched in June 2015 to create a single European platform for securities settlement…. Read More >>
IBOR Support Coming for CRD’s IMS as CME to Launch in Europe
Charles River Embraces IBOR; Gains Client in Luxembourg Charles River Development (CRD) is integrating support for investment book of record (IBOR) in version 9.2 of the its Investment Management Solution (IMS) flagship order management system, following completion of beta testing with global client partners, officials say. The company describes its IBOR support as a… Read More >>