Securities regulators in Canada will enforce amended trade reporting rules for derivative transactions starting July 25, 2025. This leaves less than three months for participating firms to prepare for the new regulatory framework. “Key aspects of the final regulation changes include the adoption of additional critical data elements, introduction of collateral reporting requirements, updates to… Read More >>
DTCC Repository Fined for Alleged Data Breaches
The London-based DTCC Derivatives Repository Plc (DDRL), a suite of post-trade, record-keeping, and reporting services, has been fined by E.U. regulator European Securities and Markets Authority for seven alleged infringements of the European Market Infrastructure Regulation legislation governing data confidentiality, data integrity, and direct and immediate data access. The total fine is €408,000, or approximately… Read More >>
DTCC & TriOptima Target SFTR Deadlines
A solutions provider for over-the-counter (OTC) derivatives trading, TriOptima, is collaborating with post-trade infrastructure services and systems provider DTCC to facilitate new data links to repositories to help their mutual clients meet the Securities Financing Transactions Reconciliation (SFTR) deadlines hitting now in Europe. The E.U.’s SFTR rules are intended to mitigate systemic risk in the… Read More >>
Finastra to Sell CMC Business Unit to Teranet
Teranet’s CM Solutions Will Acquire the Shares of CMS London-based financial software vendor Finastra, formed in 2017 by the combination of Misys and D+H, reports that it has entered into a definitive agreement to sell its Canadian-based Collateral Management Corp. (CMS) business to Teranet. Teranet’s affiliated entity CM Solutions Inc. will acquire the issued and… 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 >>
DTCC to Use Risk Focus Product
Risk Focus, a New York City-based provider of trading, risk and cloud-enabling solutions for capital markets, reports that the post-trade systems provider DTCC will employ the Risk Focus Validate Trade engine internally, aiming to enhance its pre-user acceptance testing for the Global Trade Repository service of the DTCC. These steps are in advance of the… Read More >>
ProtoColl Supports EMIR Reporting
Just in time for new collateral reporting requirements in Europe, post-trade services vendor Omgeo is offering an interface between its automated collateral and margin management solution, ProtoColl, and the DTCC’s Global Trade Repository (GTR) for derivatives. ProtoColl clients can use the new interface to meet the upcoming European Market Infrastructure Regulation (EMIR) requirement for collateral… Read More >>
