(Sell-side firms are reviewing and reengaging strategic projects in the wake of a pandemic that caused staff to work remotely, says Jason Ang, program manager, TLM Collateral Management, at SmartStream Technologies. This return to strategic projects amid lockdowns and re-openings means the sell side is re focusing on collateral and its importance for credit risk… Read More >>
Ready for a LIBOR Transition Exam?
To make sure that things are moving along as they should, the SEC’s Office of Compliance Inspections and Examinations (OCIE) quietly released a Risk Alert, “Examination Initiative: LIBOR Transition Preparedness,” on June 18 that reminds people that the OCIE is happy to inspect your firm’s progress. The global push to move away from the London… Read More >>
Duco & Murex Announce Collaboration
Murex & Duco to Offer End-To-End Recs Solution Duco, a provider of self-service reconciliation services, and Murex, a provider of trading, risk and processing processes for treasury and capital markets, report that they will jointly provide clients with a “comprehensive data reconciliation solution enabling improved automation and straight through processing across a range of asset… Read More >>
Deutsche Bank Resolves Spoofing & Swaps Data Cases
The Commodity Futures Trading Commission reports the settlement of two enforcement orders involving Deutsche Bank. In one, the bank “resolved federal court charges stemming from alleged violations of various swap data reporting and other regulatory violations,” the CFTC says. In the second enforcement action, the CFTC “issued an administrative order against Deutsche Bank Securities Inc…. Read More >>
Wall Street Braces for a Safe Return
Wall Street is moving cautiously toward reopening and Monday, June 22, will serve as a milestone for when the securities industry took its first step into the new normal following a crushing pandemic that took 21,000 lives in New York City and brought the world to a halt. After three months of a pandemic lockdown,… Read More >>
Goldman Sachs Joins Swaps Settlement Service
Settlement Service Run by CLS & IHS Markit Investment banking giant Goldman Sachs has joined a cross-currency swaps settlement service developed by financial data and systems vendor IHS Markit and a firm specializing in settlement CLS, officials report. With its latest member, the payment-versus-payment (PvP) settlement service has eight settlement members “live on the service,… Read More >>
CME’s Eurodollar Options Floor to Reopen in August
CME to Add Safety Measures to Options Floor CME Group reports that it will reopen its Eurodollar options trading pit on August 10, 2020. In advance of that reopening date, the company intends to “reconfigure the pit to meet social distancing standards and put additional safety measures in place,” CME officials say in a statement. “All… Read More >>
Apifiny Launches Blockchain-based Settlement Network
‘Roxe’ Pitched as a New Way to Clear & Settle Apifiny, a San Francisco-based global transfer network services provider, has officially debuted a settlement network based on blockchain technology, dubbed Roxe, that has been designed for “instant global clearing and settlement of payments and remittances, traditional assets, and digital assets,” according to the vendor…. Read More >>
BrokerTec & triResolve Push to Advance Repo Automation
Fixed income electronic trading platform BrokerTec has joined forces with derivatives infrastructure services vendor TriOptima to offer more automation across the mostly manual lifecycle of a repo trade, officials say. The intention is to improve the repo trade workflow, Raf Pritchard, head of triResolve at CME Group, tells FTF News. The triResolve group is part… Read More >>
OpenGamma & IHS Markit Target Margining Rules
OpenGamma & IHS Markit Begin Collaboration OpenGamma, which characterizes itself as a margin optimization provider, reports a new collaboration with IHS Markit, which characterizes itself as a provider of critical securities information, analytics and solutions. The vendors are jointly offering a system for mutual clients looking to reduce the cost of margin management. Their offering… Read More >>
