DTCC, Clearstream, and Euroclear in conjunction with Boston Consulting Group (BCG) are launching “a comprehensive risk and control framework” for the digital assets industry, including tokenized assets, and the trio asserts the timing is right for such a blueprint. The blueprint, dubbed the Digital Asset Security Control Principles (DASCP) framework, is detailed in a white… Read More >>
DTCC & Others Want Ops Standards for Digital Assets
Clearing agencies DTCC, Clearstream, and Euroclear on September 18 called upon the financial services sector to develop industry standards for digital assets, including blockchain/distributed ledger technology (DLT) for trading digital securities and tokenized securities. Without industry standards, the growth of digital assets in the financial sector will slow and even stall, argue the agencies, which… Read More >>
ICE Sells Stake in Euroclear for $825M
Silver Lake Buys ICE’s 9.85 Percent Stake American private equity firm Silver Lake likes Euroclear Holding’s growth path and has purchased Intercontinental Exchange’s 9.85 percent stake in Euroclear for €709 million ($824.8 million), officials say. Officials at ICE, the owner of the New York Stock Exchange (NYSE), say the past investment in Euroclear has been… Read More >>
Major Players Test Blockchain/DLT for Margining
ABN AMRO Clearing, EuroCCP, Euroclear and Nasdaq report that they have successfully tested an implementation of distributed ledger technology (DLT) for a margin call between a global capital markets firm and a central clearing counterparty, earlier this month. The test was part of a joint proof of concept (POC) effort to explore ways to “make… Read More >>
Quantitative Brokers Taps IHS Markit for New CEO
Also Thomas Ascher is QB’s New Executive Chairman of the Board Quantitative Brokers has hired Ralf Roth, IHS Markit’s former equities division chief technology officer (CTO) to be its new CEO and named industry veteran Thomas Ascher to be the next executive chairman, officials say. Starting December 18, Roth will take the reins as CEO… Read More >>
BNP Paribas, Société Générale & Others Launch LiquidShare
Major European Players Back LiquidShare A European blockchain startup with a post-trade focus, LiquidShare, is being created via the support of BNP Paribas, CACEIS, Caisse des Dépôts, Euroclear, Euronext, S2Iem, Société Générale and Paris Europlace. The financial technology venture is the result of a partnership launched by its shareholders in June 2016 to develop a… Read More >>
Hearsay Systems Takes On Text Messaging Compliance
New Console Captures Texts Advisors and office staff can now efficiently exchange and track client texts from new web-based Texting Console Hearsay Systems, an electronic communication compliance provider for financial services and insurance firms, recently unveiled a “Texting Console for Hearsay Messages” that is intended to help advisors send compliant texts to clients. Text messaging… Read More >>
Euroclear Announces an Executive Shuffle
Euroclear Appoints Mostrey CEO Euroclear has named Lieve Mostrey chief executive officer, effective at the start of the new year. The appointment follows Tim Howell’s decision to “step down from the group after six years at the helm,” Euroclear says in a statement, which recalls that Mostrey “joined Euroclear in October 2010” as executive director… Read More >>
HTG Capital Buys Three of Kottke’s Businesses
HTG, Kottke to Form a ‘Strong Team’ HTG Capital Partners, a liquidity provider for listed and over-the-counter (OTC) derivatives instruments, is slated to acquire the introducing broker, money management and proprietary trading businesses of Kottke Associates, creating “a strong team” to take on the futures industry, say officials. HTG and Kottke Associates, which is a… 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 >>
