(Editor’s note: Earlier this month, post-trade infrastructure services vendor DTCC announced that it will be updating the legacy technology of its Trade Information Warehouse (TIW) with blockchain/distributed ledger technology (DLT) and support from IBM, Axoni and R3; IBM will be serving as the prime contractor. This will be a major undertaking as the TIW service… Read More >>
Can a Blockchain Manage Credit Derivatives?
(Post-trade infrastructure systems provider DTCC recently announced that it will be replacing the legacy technology of its Trade Information Warehouse (TIW) with blockchain/distributed ledger technology (DLT). This will be done via the technology and support from IBM, Axoni and R3. The TIW service automates the record-keeping, lifecycle events, and payment management for more than $11… Read More >>
IBM to Help DTCC Upgrade TIW to DLT
Post-trade infrastructure systems provider DTCC will be updating the legacy technology of its Trade Information Warehouse (TIW) with distributed ledger technology (DLT) and support from IBM, Axoni and R3, officials say. The TIW service automates the record keeping, lifecycle events, and payment management for more than $11 trillion of cleared and bilateral credit derivatives, according… Read More >>
Broker Deploys Torstone’s Back-Office System in Four Months
U.K. Firm Wants Cost-Effective, Scalable Back Office Liberum, a pan-European investment bank, signed a multi-year deal with Torstone Technology in July to deploy the vendor’s Inferno back-office system and went live earlier this month with the new system, achieving a four-month implementation, according to Liberum and vendor officials. An employee-owned firm, Liberum offers pan-European equity… Read More >>
State Street Fills Key SSGA and APAC Posts
SSGA Appoints U.K. Head of SPDR ETF Business State Street Global Advisors (SSGA), the asset management business of State Street Corporation, reports the appointment of Claire Perryman as head of its SPDR exchange traded funds (ETF) business in the United Kingdom. Perryman will be based in London and report to Rory Tobin, co-head of the… Read More >>
Barclays Signs Up for DTCC’s New Liquidity Data Service
New Offering from DTCC Data Products DTCC Data Products, a centralized data provisioning service supporting DTCC’s offerings, is launching the Liquidity Coverage Ratio (LCR) Data Service, which has gotten the thumb’s up from Barclays Bank, officials say. The new LCR Data Service has been designed to “help firms manage their buffer requirements for liquidity facilities”… Read More >>
SEC Blesses T+2 with Rule Change
The push for a shorter settlement cycle got a quiet boost from the SEC late last month when the regulator formally proposed a rule amendment urging the settlement cycle for most securities transactions change from three business days after the trade date (T+3) to two business days after the trade date (T+2). A key group… Read More >>
Firms Must Detect Cyber-Attacks Faster
(Editor’s note: Stephen Scharf, the chief security officer (CSO) at the DTCC, oversees the centralization and alignment of the post-trade infrastructure provider’s global information and physical security, employee safety, and crisis/incident management functions, officials say. Before the DTCC, Scharf served as global chief information security officer at Experian, responsible for the strategy, leadership and governance… Read More >>
Deutsche Bank Names Wealth Management Co-Heads
Co-Heads Are Deutsche Bank Veterans Deutsche Bank has named Anke Sahlén and Daniel Kalczynski joint managers of Deutsche Bank Wealth Management (WM) in Germany, effective immediately. “They will pursue the goals of developing WM into the leading trusted expert advisor to wealthy clients and advancing Deutsche Bank’s market leadership in its home market,” according to… Read More >>
Why the DTCC Is Using Amazon’s Cloud
Something interesting is underway as far as cloud computing and securities operations — the Amazon Web Services (AWS) offering has been quietly gaining ground after some initial resistance. I recall that the main concerns about using the AWS cloud revolved around compliance and security. But Amazon zeroed in on the compliance and security demands and… Read More >>
