Where is the post-trade, securities operations processing market going? One report is predicting “significant expansion” of up to $9.12 billion by 2030 for the market because of DLT/blockchains that facilitate the search for the Nirvana of straight through processing (STP). “The post trade processing solution market is set for significant expansion over the coming years,… Read More >>
KKR Finalizes $3 Billion Acquisition of OSTTRA
Following an initial announcement in April, private equity giant KKR has completed its acquisition of OSTTRA — jointly owned by S&P Global and CME Group — a post-trade provider valued at $3.1 billion whose major offerings are the MarkitServ, Traiana, TriOptima, and Reset solutions for over-the-counter (OTC) markets. Earlier this year, S&P Global and CME… Read More >>
NYFIX Matching Integrates Symphony’s Messaging Services
The NYFIX Matching platform is declaring that it is the first post-trade matching system to offer integrated messaging because of a new partnership between NYFIX’s owner Broadridge Financial Solutions and communication systems provider Symphony, officials say. The messaging functions are intended to help asset managers and their executing brokers with “compliance, greater transparency, and streamlined… 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 >>
