‘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 >>
NYSE Trading Floor to Reopen May 26
NYSE President Announces Floor Reopening via WSJ The open outcry trading floor of the New York Stock Exchange (NYSE) will partially reemerge “slowly and carefully” on May 26, according to Stacey Cunningham, president of the NYSE, who made the announcement via an opinion piece in The Wall Street Journal, published May 14 The return of… Read More >>
NYSE Arca Options Trading Floor to Partially Reopen
A West Coast options trading floor affiliated with the New York Stock Exchange (NYSE) will be partially reopening on Monday, May 4 — a possible harbinger of other open outcry trading floors resuming in-person operations as the economy re-emerges from the pandemic lockdown. The announcement came via an alert to traders on April 28 from… Read More >>
CLS & TriOptima Take On FX Forwards & Swaps
(A joint solution of CLS and TriOptima, dubbed triReduce CLS FX, won the Best New Post-Trade Solution honor of the 2019 FTF News Technology Innovation Awards. The offering hit just as international regulators were advocating for compression services that support non-centrally cleared over-the-counter (OTC) derivatives. FTF News got time with Michael Modlock, global head of… Read More >>
Buy Side Takes Risky Path to UMR Compliance
The start of the Uncleared Margin Rules (UMR) regime has been on the minds of many Ops staffers at buy-side firms in the European Union and the U.S., but there are troubling signs that buy-side firms may be taking a very risky wait-and-see approach, according to the findings of a recent FTF webinar, “How to… Read More >>
AcadiaSoft Offers AANA Calculation Guide
AcadiaSoft, a collateral management software and services vendor, recently compiled an online guide to help buy-side firms calculate their Average Aggregate Notional Amount (AANA), the first major step in deciding if a firm needs to comply with the looming margining requirements governing non-centrally cleared derivatives. AANA calculations are key to determining whether a firm must… Read More >>
How to Cope With UMR Compliance: Q&A
(Editor’s Note: Much has been made about buy-side firms and if and when they will have to comply with Uncleared Margin Rules (UMR) and key requirements of the European Union and the U.S. The industry has started to focus on the operational processes they will need in order to comply with the Basel Committee on… Read More >>
SmartStream Partners with Cassini to Ease IM Compliance
Post-trade services and systems vendor SmartStream Technologies is partnering with Cassini Systems, a margin analytics vendor serving the buy side in derivatives trading, in an effort to ease the operational burden of managing initial margin requirements for uncleared, over-the-counter (OTC) derivatives. The vendors will focus on financial institutions that are beginning the create new operational… Read More >>
