In other news, Clearstream links to Eurobonds and EuroCCP, Digitec has a new CEO, and BIS announces its innovation projects
OMS Update Also Links to Dash ATS
Dash Financial Technologies, an options technology and execution vendor, is launching a redesigned version of its order management system (OMS) for options trading that provides access to all routing and algorithmic execution tools such as the Sensor suite, the Dash Alternative Trading System (ATS), and an integrated volatility trading suite.
The Dash OMS, which targets traders with options-centric workflows, offers support for US listed-option products, including single-leg, spreads and crossing orders, officials say. The new version also offers integration with DASH’s BrokerPoint network for straight through processing capabilities with firms in the BrokerPoint ecosystem. The DASH OMS also supports inbound and outbound FIX connectivity to third-party systems.
The vendor is also offering access to pre- and post-trade tools such as DASH360’s trade allocations module, 15c3-5 risk controls and reporting solutions to help firms manage their execution needs, officials say.
In addition, the revamped Dash OMS will offer:
- Account management for Consolidated Audit Trail (CAT) and Options Clearing Corp. (OCC) Actionable ID regulatory reporting;
- Integration with the Dash360 analytics and visualization tools for pre-trade, real-time, and post-trade processes;
- And a market data consumption model intended to help with system responsiveness and processing power.
Clearstream Launches API for Eurobonds & Link to EuroCCP
Deutsche Börse Group’s post-trade services provider Clearstream has debuted its Primary Market Issuance application programming interface (API) to ease debt issuance for Eurobond market participants, officials say.
“As of now, issuer agents and market participants can obtain ISINs and request acceptance of securities issued under program in real-time. Additional features of the new PMI API include allocation of the associated common code, CFI and FISN identifiers of the securities,” according to Clearstream. “Origin Markets, a London-based fintech company focused on digital bond issuance, is the first platform that will make use of the new API interface.”
The PMI API will use the just released Clearstream API Service the Airbrush messaging standard, launched by Origin for interconnectivity between market participants, officials add.
In other news, Clearstream and EuroCCP are launching a pan-European post-trade connection that will allow exchange-traded equities and exchange-traded funds cleared via EuroCCP to be eligible for settlement via Clearstream Banking S.A., officials say.
“Centrally cleared and settled transactions have been in continuously increasing demand across the globe, providing additional safety to complex cross-border transactions,” according to Clearstream, which adds that its Investor CSD solution helps participants settle transactions for T2S markets and the international market within one account.
Freetrade, an investment platform in the U.K., “is the first customer settling a large range of markets via Clearstream in the framework of this proposal — Austria, Belgium, Finland, Germany, the Netherlands, Portugal and Sweden. Further T2S markets will follow in the coming months,” according to Clearstream.
Digitec Promotes COO to CEO as a Key Founder Retires
Peer Joost (L) and Hans-Jürgen Joost (R).
Digitec, an FX Swaps and NDF pricing and data provider, reports that Peer Joost has been promoted to CEO from his position as chief operating officer (COO) at that company where he has worked since October 2011.
“Peer’s appointment follows the retirement of his father, Hans-Jürgen Joost, a software pioneer and one of the founders of Digitec in 1981,” according to an official statement.
“I would like to formally recognize my father’s contribution to Digitec’s growth over the last 40 years. As CEO, he led a team which successfully navigated the Scandinavian banking crisis, the dot-com bubble, and global financial crises, reinventing our products and services to satisfy the changing needs of the market and firmly establishing Digitec as a pioneering software and data service company and global market leader for FX Pricing solutions,” Peer Joost says in a prepared statement.
Digitec’s services include the D3 multi-asset pricing engine and Swaps Data Feed (SDF), developed in partnership with 360T, officials add.
BIS Unveils Innovation Hub Projects for 2022
During 2022, the Bank for International Settlements (BIS) Innovation Hub will launch projects that explore central bank digital currencies (CBDCs), next generation payments systems, and decentralized finance (DeFi), officials say.
“The Innovation Hub’s work program will also see new projects in green finance, regulatory and supervisory technology and cyber security,” according to BIS.
“This year marks a new phase in the Innovation Hub’s expansion, with the first projects in the London and Nordic Hub Centers; the expected opening of the Eurosystem and Toronto centers; and the advancement of the strategic partnership with the Federal Reserve System,” according to BIS officials.
The CBDCs and payments systems exploratory efforts that were active in 2021 or will launch in 2022 reflect “the interests and priorities of BIS member central banks,” according to BIS officials.
BIS officials also announced that the second, virtual BIS Innovation Summit, “Money, Technology, and Innovation,” will be held March 22-23, “bringing together senior leaders from the public and private sector and academia.”
More information about the Innovation Hub efforts can be found here: https://bit.ly/3G0RI2W
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