Following an announcement this past January, CME Group and IHS Markit have formally launched a joint venture, dubbed OSTTRA, that will encompass offerings intended to ease the post-trade operational challenges of over-the-counter (OTC) transaction processing for interest rate, foreign exchange (FX), equity, and credit asset classes. CME Group and IHS Markit each own half of… Read More >>
CME Group & IHS Markit to Form Post-Trade JV
Joint Venture to Launch in Summer 2021 CME Group, an operator of derivatives trading venues, and IHS Markit, an information and analytics vendor, are forming a joint venture of post-trade processing and risk mitigation services that will bring together CME Group’s Traiana, TriOptima, and Reset companies with IHS Markit’s MarkitSERV. Traiana, TriOptima and Reset offer… Read More >>
TriOptima & AcadiaSoft Target Collateral Interest Payments
The processing of collateral interest payments needs automation, and vendors TriOptima and AcadiaSoft are partnering to change that as financial services firms gear up for the onset of the Uncleared Margin Rules (UMR) regulations. Cash collateral accounts for approximately 70 percent of all collateral exchanged for non-cleared derivatives, according to the International Swap Dealers Association… Read More >>
DTCC & TriOptima Target SFTR Deadlines
A solutions provider for over-the-counter (OTC) derivatives trading, TriOptima, is collaborating with post-trade infrastructure services and systems provider DTCC to facilitate new data links to repositories to help their mutual clients meet the Securities Financing Transactions Reconciliation (SFTR) deadlines hitting now in Europe. The E.U.’s SFTR rules are intended to mitigate systemic risk in the… 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 >>
CME to Drop NEX Branding Post-Acquisition
CME to Keep BrokerTec, EBS, Traiana & TriOptima Brands The CME Group as expected has completed all the steps for the acquisition of NEX Group, first announced in March, but will discontinue the NEX branding while keeping the names for the mark1ets and “Optimisation” businesses such as BrokerTec, EBS, Traiana and TriOptima. “The combined company… Read More >>
FTF News Unveils Winners of 2018 FTF Awards
Providers of established and cutting-edge technologies such as blockchain ledgers and artificial intelligence are getting the spotlight in the winners’ circle of the annual FTF News Technology Innovation Awards for 2018, the eighth time that Financial Technologies Forum (FTF) has recognized achievements in the securities operations industry. Other than the Editor’s Choice award, qualified industry… Read More >>
NEX Optimisation Shakes Up Business, Senior Managers
Post-trade solutions provider NEX Optimisation has just completed a major reorganization of its business operations and senior management to keep up with the evolving challenges and requirements of its client base, officials say. For the restructure, NEX Optimisation has launched what it describes as five new “solutions pillars” that are based upon NEX offerings TriOptima,… Read More >>
FTF Announces 2017 Award Winners
Financial Technologies Forum (FTF) has just announced the winners in its awards competition for post-trade securities operations, which turned out to include a nod to the emerging technology of blockchain/distributed ledger technology (DLT). Approved industry participants and a not a panel of judges selected the winners for the 2017 FTF News Technology Innovation Awards, reports… 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 >>
