Bank of America, Barclays, Citi, HSBC, UBS Investment Bank, and Wells Fargo have agreed to make a combined $100 million strategic equity investment in post-trade provider OSTTRA to support its expansion into new markets and asset classes. The move follows investment firm KKR’s $3.1 billion acquisition of OSTTRA late last year. The company’s network connects… Read More >>
UMR Deadlines Postponed Due to COVID-19
The COVID-19 pandemic has caused another major industry postponement: the Basel Committee on Banking Supervision (BCBS) and the International Organization of Securities Commissions (IOSCO) have moved the deadlines ahead by one year for the last two phases of the implementation of the uncleared margin rules (UMR) for non-centrally cleared derivatives. “In light of the significant… Read More >>
SmartStream & Numerix Partner to Ease IM Requirements
Two Vendors Focus on Noncleared OTC Derivatives SmartStream Technologies, a post-trade systems and services provider, and Numerix, a risk technology vendor, report an agreement intended to better support end users in complying with the International Swaps and Derivative Association’s (ISDA) standards governing margin requirements for non-centrally cleared derivatives. In order to facilitate the over-the-counter (OTC)… Read More >>
