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 >>
Quantile and AcadiaSoft Join Forces for Risk Reduction Effort
Derivatives risk optimization vendor Quantile Technologies Ltd. and AcadiaSoft Inc., a collateral management automation provider, are joining efforts to help derivatives market participants cut counterparty credit risk and facilitate resources such as initial margin across asset classes and financial instruments, including swaps, options and non-deliverable forward (NDFs), a cash-settled, short-term forward contract. The Quantile’s risk… Read More >>
DZ Bank Overhauls Collateral Allocation
DZ Bank’s Group Treasury division has gone live with a revamped collateral allocation system that has instituted a post-trade collateral optimization process to auto-collateralize margin calls and send suggestions of collateral substitutions, report officials from the German bank officials and consultancy Sapient Global Markets, which facilitated the overhaul. The project began with a proof of… Read More >>
FTF Focus Spotlights the 2016 FTF Awards Winners
For the sixth year in a row, Financial Technologies Forum (FTF) sponsored the FTF News Technology Innovation Awards competition to help securities industry professionals shine the spotlight on the outstanding companies, individuals and industry groups that have achieved excellence in post-trade operations. The key winners for 2016 are featured in the special Awards Issue… Read More >>
State Street to Test Service for Collateral Settlement
State Street will embark upon a pilot program in the first quarter of 2017 that will test the margin settlement messaging service of vendor GlobalCollateral as the global custodian intends to automate as much as possible the collateral settlement process, officials confirm. GlobalCollateral, a joint venture of Euroclear and the DTCC, is readying for prime… Read More >>
Collateral Management Ascends to the Cloud
A major provider of derivatives trading venues, CME Group and CloudMargin, a collateral management services provider, are offering CME Clearing and CME Clearing Europe clients a cloud-based option to facilitate collateral management. “This is a way to outsource the technology used to manage collateral,” says Karl Wyborn, managing director, global head of sales, CloudMargin, in… Read More >>
LSEG & Boat to Launch Combined Reporting Services
TRADEcho to Hit Early Next Year The London Stock Exchange Group (LSEG) and Boat Services Ltd. will be offering TRADEcho, a combination of the two vendors’ existing and complimentary trade reporting services, officials say. TRADEcho is slated to be available by the first quarter of 2017 and will offer a single trade reporting venue and… Read More >>
LCH Launches a Spider for Swaps Portfolio Margining
LCH Spider to Help with OTC and Listed Derivatives Clearinghouse LCH has launched its “LCH Spider” service, described as a portfolio margining tool for over-the-counter (OTC) and listed interest rate derivatives, for members and clients using LCH’s SwapClear and Listed Rates offerings, officials say. “LCH Spider is a fully automated service that analyses member and… Read More >>
Acadian Asset Management to Overhaul IT Architecture
Boston-based Acadian Asset Management will deploy a managed services enterprise data management (EDM) offering from financial information services and systems vendor Markit as the keystone for an IT architecture overhaul, say officials at the firm. Acadian will be using Markit EDM as “a foundational element of its IT architecture transformation across the front, middle and… Read More >>
