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 >>
BNP Paribas Deploys Managed Service for Listed Derivatives
BNP Paribas has gone live with a hosted, derivatives trading platform for a complex workflow of listed derivatives trading operations in Europe, Asia-Pacific and North America. Bank officials add that they expect the deployment to boost customer service via the platform’s cross-asset capabilities. The platform from vendor Fidessa has been set up as “a fully-managed… 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 >>
Nasdaq Engine Drives Tokyo Commodity Exchange
The Tokyo Commodity Exchange (TOCOM) has launched its new trading system, which is operated by Nasdaq’s Genium INET technology, as well as Nasdaq Pre-Trade Risk and SMARTS Market Surveillance solutions, officials confirm. The new system is now fully integrated with the Osaka Stock Exchange’s derivatives trading system (J-GATE), which also runs on the same Nasdaq… Read More >>
LSE, Deutsche Börse Juggle Options to Save Merger
It is unclear whether the London Stock Exchange’s plans to sell its French clearing unit — LCH SA — will appease the E.U. regulators who have launched an extensive probe into its €24 billion ($26.9 million) merger with Deutsche Börse. However, there will be plenty of interest especially from Euronext, which is a well-known opponent… Read More >>
OpenGamma Gets $13.3M to Push Risk Analytics Standards
A vendor offering open source risk analytics for derivatives, OpenGamma reports that it has raised $13.3 million in total from venture capital firm Accel, ICAP’s Euclid Opportunities investment arm, and Cristóbal Conde, the former president and CEO of SunGard, all in a bid to accelerate plans to become the maker of benchmark industry-standard risk analytics…. Read More >>
E.U. Opens Deep Dive into Deutsche Börse-LSE Merger
While non-European authorities have given the thumbs up, European Commission officials have just announced that they are opening “an in-depth investigation” into the proposed merger between the Deutsche Börse Group and London Stock Exchange Group (LSE) to see if the combined organization would limit competition, putting the marriage in conflict with the EU Merger Regulation…. Read More >>
BNP Paribas Joins trueEX SEF
French banking giant BNP Paribas has joined the trueEX swap execution facility (SEF) offering its derivatives clients the ability to leverage direct clearing, broad support of global currencies, and low-cost execution of interest rate swaps via the trueFIX application programming interface (API) platform, officials say. In particular, the trueFIX API “provides asset managers and institutional… Read More >>
Bank of England Blesses ICE Clear Europe as a CCP via EMIR
ESMA Also Blesses ICE Clear Europe The Bank of England (BofE) has just updated its list of U.K. authorized central counterparty clearinghouses (CCPs) to include the authorization of ICE Clear Europe Ltd., officials say. Part of the Intercontinental Exchange, Inc., ICE Clear Europe provides central counterparty clearing and risk management services for interest rate, equity… Read More >>
Support Growing for ISDA’s Initial Margin Standard
Support is growing for a new methodology for calculating initial margin for non-cleared derivatives instruments that was developed by the International Swaps and Derivatives Association (ISDA). Simultaneously, exchange and clearinghouse operator, the Intercontinental Exchange (ICE), reports that the ICE Benchmark Administration (IBA) group, a provider of regulated benchmarks, launched a crowdsourcing facility in support of… Read More >>
