The European Commission’s recently proposed changes to the European Market Infrastructure Regulation (EMIR) not only makes the legislation “simpler and more proportionate,” but also aims to lift some of the compliance burden on smaller financial services firms, corporates and pension funds. The amendments cover a broad range including streamlined reporting obligations, improvements to the quality… Read More >>
Client Cleared Trades Part of Mexican Peso Compression Cycle
In a pioneering effort, client cleared trades were included in a triReduce Mexican Peso (MXN) compression cycle via CME Clearing, according to officials at TriOptima, a vendor offering risk mitigation support for over the counter (OTC) derivatives markets. This latest cycle involved 17 participants, officials say. Client cleared trades are transactions that a clearing broker… Read More >>
ICAP to Offer Regulatory Reporting via Abide Acquisition
ICAP, an interdealer broker and post-trade IT vendor, is acquiring a regulatory reporting specialist, Abide Financial, in order to integrate Abide’s wares into ICAP’s Post Trade Risk and Information (PTRI) offerings, targeting the growing demand among trading firms for solutions to help them comply with multiple regulatory authorities, officials say. ICAP’s investment arm for emerging… Read More >>
ICAP to Rebrand, Sell Broking Unit to Tullett Prebon
ICAP plc, a London-headquartered markets operator, interdealer broker and provider of post-trade risk mitigation and information services, intends to rebrand as a fintech-focused company and rename itself following the completion of the agreement to sell its hybrid voice broking and information business to interdealer broker Tullett Prebon. The deal is expected to close before the… Read More >>
Fears Grow Over High-Impact Attack: DTCC Survey
Risk Managers’ Fears Grow Over High-Impact Event: Survey Fears over the threat of “a high-impact event” is increasing among risk managers, according to the latest DTCC Systemic Risk Barometer Survey. The new survey on risk trends among those in the financial services industry shows that 61 percent of risk managers “believe the probability of a… Read More >>
ICAP Invests More in Recs Upstart Duco
Interdealer broker ICAP, a markets operator and provider of post-trade risk mitigation and information services, reports that it has made an additional investment in Duco, a London-based fintech provider of hosted reconciliation services. Terms of the new investment, made via Euclid Opportunities, ICAP’s early-stage fintech funding business, which first invested in Duco in 2012, were… Read More >>
