Post-trade matching that exploits the Financial Information eXchange (FIX) electronic trading protocol is at the heart of a new partnership between electronic trading platform provider Fidessa group and FIX-based affirmation services vendor Alpha Omega, who are joining forces to offer “faster, low-cost bidirectional trade matching” via Fidessa’s post-trade Affirmation Management Service (AMS), says Steve Grob,… Read More >>
Nordea Bank Scores Breakthrough with Repo Trading
Nordea Bank, a large financial services group in Northern Europe, has been working with post-trade services provider Omgeo and investment management software vendor SimCorp to automate its repurchase agreement (repo) post-trade matching process, and recently matched its first live repo trade. The Stockholm-based bank recently processed a repo instrument between itself and Swedish administrative services… Read More >>
SS&C Matching Service to Tackle U.S. Market Next Year
With a nod from the SEC, SS&C Technologies will be able to target its cloud-based, post-trade matching service SSCNet at the “significant unmet trade matching service levels in the U.S.,” say vendor officials. After being able to offer it to Canadian markets, SSCNet should be available to U.S. clients, starting sometime next year, says Bob… Read More >>
SwapClear to Use Markit’s New Netting Service
The SwapClear clearinghouse is using a netting synchronization service for cleared, over-the-counter (OTC) derivatives just launched by financial information services vendor Markit. Markit is introducing the service in a bid to help banks “automatically update their risk systems after netting and compression activity at their clearing houses,” say vendor officials. “Netting exposures within a clearing… Read More >>
