AcadiaSoft Inc., a vendor of margin automation solutions, is targeting the buy side with the launch of CollateralManager, which is intended to streamline collateral searches when used with the AcadiaSoft Hub. The new platform will encompass all agreement types — over-the-counter (OTC) bilateral, OTC-cleared, and exchange-traded derivatives, repos, MSFTA, securities lending and borrowing, officials say…. Read More >>
R3 Lines Up 60+ Vendors for Corda Platform
FinTech & Service Providers Among R3’s Stable of Vendors The blockchain/distributed ledger technology (DLT) revolution is hitting milestones and software vendor R3 has just announced that more than 60 technology companies from multiple industries and regions have joined the Corda partner network, which supports the Corda platform. Corda is an open source, “blockchain-inspired” DLT platform… Read More >>
Credit Suisse, BNP Paribas Control Transaction Fees via SmartStream
SmartStream Technologies and Credit Suisse have expanded their invoice processing agreement so that the vendor will be handling the listed derivatives brokerage fees, officials from both companies announced at the SWIFT SIBOS event in Toronto this week. SmartStream also unveiled at SIBOS the latest version of its TLM Reconciliations Premium solution. The bank will be… Read More >>
ESMA Leaves Key OTC Questions Unanswered
Although the latest edict from the European Securities Market Authority (ESMA) was supposed to clarify the concept of “traded on a trading venue” (TOTV), there is still some uncertainty around the over the counter (OTC) component of securities transactions. The objective of ESMA’s opinion is to help market participants better understand under which circumstances transactions… Read More >>
ESMA Amendments Provide Relief via MiFID II
The European Securities and Markets Authority (ESMA) recently issued amendments to its draft Regulatory Technical Standards (RTSs) under the Markets in Financial Instruments Directive (MiFID II) and Regulation (MiFIR) that should give firms, especially those that trade less frequently, more breathing room. “The amendments are designed to respond to the legitimate concerns of the European… Read More >>
Will OTC Reforms Bring Back Data Silos?
Oddly enough, regulations meant to bring clarity to voice-based over-the-counter derivatives could inadvertently create new data silos for many firms, says Marc Carletti, executive vice president, global banking and financial markets, BT Global Services. I spoke to Carletti for a magazine story that will be featured in the Fall 2014 edition of FTF News magazine… Read More >>
Survey: Firms Keeping Bilateral OTC Trading
Despite the regulatory push for cleared and executed over-the-counter (OTC) derivatives, the bilateral OTC market shows no signs of disappearing, according to a survey done by InteDelta, a specialist risk management consultancy. From April to June 2014, InteDelta completed a global survey of derivatives market participants to assess the impacts of regulatory reforms upon the… Read More >>
