SIX Group Ltd., the operator of the Swiss Stock Exchange, has selected Synechron as the systems integrator for the Calypso Technology, v15 SFR (Securities Finance Renewal) Program to be used to manage contractual tri-party collateral management activities. The project, which is expected to last two years, is part of an ongoing post-trade update undertaken by… Read More >>
Pressures Building on Firms to Scale Up Ops & IT
[Editor’s note: Martin Boyd, executive director, head of institutional and wholesale strategy at FIS, took time out of his schedule to answer questions from FTF News about some of the processing and regulatory demands that are hitting home for back-office staffs at securities firms.] Q: What will the greater acceptance of the flow model process… 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 >>
Acadian Signs On for SS&C GlobeOp
Citing the need for a growth strategy, Acadian Asset Management moved its long/short portfolios to fund administrator SS&C GlobeOp last year and has been using the platform’s systems for margin finance management, cash and collateral management, and tri-party reconciliation, according to officials at the firm and at SS&C Technologies. “The appointment followed a detailed search… Read More >>
Natixis Tightens Collateral Management via Torstone Module
Natixis Japan Securities Co. will be using the Inferno module from post-trade securities and derivatives processing vendor Torstone Technology to increase the level of automation and optimization of its collateral management processes, cut operational inefficiencies and comply with regulatory requirements in Asia. Natixis, the corporate, investment management and financial services arm of Group BPCE, has… Read More >>
Broadridge Girds Post-Trade Arsenal via Third Acquisition
Broadridge Financial Solutions has acquired for an undisclosed amount post-trade specialist Message Automation Ltd., making this the third major company purchased by Broadridge in its bid to broaden its post-trade and data analytics capabilities. Broadridge’s previous post-trade related acquisitions were: In June 2016, Broadridge expanded its global securities financing and collateral management capabilities via the… Read More >>
CloudMargin & SmartDX Tackle the Variation Margin Rule
Variation Margin Rule Takes Effect March 1 CloudMargin, at web-based collateral and margin management solution, and SmartDX, which provide trade and relationship document generation, collaboration and processing announced that they have partnered to address the daily variation margin (VM) rule that goes into effect March 1 in the European Union, United Kingdom, United States and… Read More >>
Deutsche Börse Tests Blockchain Waters via Collateral Project
Four international, central securities depositories (CSDs) that are part of the “Liquidity Alliance” (LA) are joining forces with Deutsche Börse to develop LA Ledger, a blockchain/distributed ledger technology (DLT) initiative to ease cross-border mobilization of security collateral. The LA, which includes the Canadian Depository for Securities Ltd. (CDS), Luxembourg-based Clearstream, South Africa’s Strate and the… Read More >>
SWIFT’s DLT Sandbox to Help Securities Solutions Too
The SWIFT cooperative for financial messaging systems recently announced that it is exploring how distributed ledger technology (DLT)/blockchain can help its global payments system. Upon further digging, I found out that the “underlying DLT sandbox” will be helpful in testing other proof-of-concepts (PoCs) such as one to come for securities processing. To quickly recap, SWIFT… Read More >>
JPMorgan Services Fannie Mae’s MBS Holdings
JPMorgan Provides Trade Processing, Settlement and Recs Services Investment banking giant JPMorgan is supporting Fannie Mae’s mortgage-backed securities (MBS) holdings via the firm’s custody and fund services platform, bank officials say. JPMorgan officials say the bank has “successfully transitioned” for safe-keeping and settlement services for collateral backing Fannie Mae-issued MBS held in their Collateral Trust… Read More >>
