Tora, a provider of trading technology services, reports the release of a stock borrow management solution integrated with prime broker eLocate platforms. The eLocate feature also is integrated with Tora’s allocation engine, which can distribute borrow across different accounts with different prime brokerages, according to a Tora spokesperson. The solution enables clients to transform an… Read More >>
Sell Side Adapts to FIX for Confirmations, Affirmations
It appears that sell-side firms are becoming more comfortable with the extension of the Financial Information eXchange (FIX) electronic trading protocol for post-trade purposes as 75 percent of broker/dealer respondents in a new survey say they use FIX for confirmation/affirmation workflows. The FIX Trading Community, the standards body for the protocol, conducted the Global Post-Trade Survey… Read More >>
EU’s T+2 Move Exposes LEI, Regulatory Challenges
Most industry observers say the initial move to a shorter, trade date plus two business days (T+2) settlement cycle went smoothly in Europe last year and a recent survey by post-trade systems and services provider Omgeo mostly confirms this assessment. However, the report also finds that more progress is needed for the wider usage of… Read More >>
