The industry is steeling itself for a turbulent period of adjustment with the imminent transition to shortened settlement in the U.S., Mexico, and Canada on May 28, amid analyst forecasts of a quadrupling of settlement failures. A recent Bloomberg Intelligence report has predicted a fourfold increase in settlement failures in T+1, costing a whopping $7.1… Read More >>
BBH’s Infomediary Expands Into Managed Services
Brown Brothers Harriman (BBH) is expanding its Infomediary data integration and connectivity offering into a broader set of data management services, now known as Infomediary Data Solutions. The updated suite of data offerings, part of BBH’s Investor Services division, targets asset managers and financial institutions with a combination of data management technology and managed services,… Read More >>
CACEIS Adds PRIIPs Reporting Service
CACEIS, the asset servicing group of Crédit Agricole and Santander, is adding a reporting service for Packaged Retail Investment and Insurance-Based Products (PRIIPS) via the Connect Store for clients of CACEIS’s private equity real estate solutions business line. PRIIPs “refers to a category of financial assets that are regularly provided to consumers in the European… Read More >>
OSTTRA Launches PvP Settlement for FX Transactions
Post-trade solutions provider OSTTRA is collaborating with Baton Systems to launch an on-demand payment-versus-payment (PvP) settlement service for foreign exchange (FX) transactions that is intended to mitigate bilateral settlement risk, officials say. The PvP system is also intended to optimize intraday funding, liquidity, and credit risk, officials add. The OSTTRA system will use Baton’s distributed… Read More >>
Johnson Financial Group Taps the Cloud for IR Swaps
Johnson Financial Group has installed a risk management system for interest rate derivatives based upon a cloud-based platform from provider Derivative Path that is intended to enhance Johnson’s financial services offerings and be a foundation for related services to come. Based in Racine, Wisconsin, the privately owned Johnson Financial Group consists of subsidiaries Johnson Bank… Read More >>
DTCC Pilot Pushes Automation for Corporate Actions Processing
DTCC officials have just announced that they are forging ahead with a two-phased pilot program to bring more automation to corporate actions (CA) processing. The effort is intended to deliver “new efficiencies and capabilities that address decades-long asset services challenges around the sourcing of corporate actions announcements,” according to the DTCC. “The pilot, which includes… Read More >>
Trading Technologies Acquires ATEO SAS
Trading Technologies International (TT) intends to expand its reach into clearing and other middle-office technologies and services via its acquisition of ATEO SAS, a provider of post-trade solutions for listed derivatives, officials say. TT is a software-as-a-service (SaaS) technology platform provider to global capital markets. The financial terms of the transaction, which closed on Feb…. Read More >>
Partnership Links SIX’s Connexor to D7 Platform
SIX, a Swiss financial markets data provider and exchanges company, is partnering with Clearstream to become the reference data processor for the instruments supported by the D7 digital post-trade platform from Deutsche Börse. The partnership will yield a link from SIX’s Connexor platform for reference data distribution to D7, facilitating a one-stop shop for international… Read More >>
Citi & Wellington Explore the Disruptive Power of Tokens
Late last year, Citi, Wellington Management, WisdomTree, and DTCC officials conducted a proof of concept (POC) experiment to explore how tokenization could be applied to private funds and to test the capital markets capabilities of blockchain technology. “Tokenization is the process of issuing a digital representation of an asset on a blockchain,” according to a… Read More >>
TD Securities Taps SwapAgent for Bilateral Clearing
Clients of TD Securities looking for the clearing of bilateral derivative transactions can use the services of SwapAgent as the Canadian investment bank has gone live as a new member of the clearinghouse, officials say. SwapAgent, whose parent company is the LCH Group, offers processing, margining, and settlement services for non-cleared derivatives. “SwapAgent is the… Read More >>
