CLS Group (CLS), a specialist settlement bank for the global foreign exchange (FX) market, and TriOptima, a vendor focusing on over-the-counter (OTC) derivatives post-trade services, are behind the launch of the triReduce CLS Forward FX Compression Service that combines the CLS infrastructure with TriOptima’s compression offering, officials say. Compression is the practice of canceling out… Read More >>
New Collateral Management, Margining Rules to Sting as Regulation Takes Hold
Securities firms are going to feel over the coming months multiple stings of regulation via Dodd-Frank, the EU’s European Market Infrastructure Regulation (EMIR) legislation and Basel III that will cause collateral management and margining requirements and calls to skyrocket. So says industry veteran Ted Leveroni, chief commercial officer for DTCC-Euroclear GlobalCollateral Ltd., a joint venture… Read More >>
Medium-Sized Firms Get Stress Tests Too: Regulators
In case they have forgotten, medium-sized securities firms with total consolidated assets between $10 billion and $50 billion have been reminded by regulators about the disclosure requirements for the annual stress tests that they are required to conduct. “These medium-sized companies are required to conduct annual, company-run stress tests implementing a provision of the Dodd-Frank Wall… Read More >>
Nomura Joins Retreat from Swaps Clearing
Nomura Holdings is getting out of the clearing game for swaps transactions, dropping a previously offered service where the bank acted as a gateway for getting its customers’ swaps trades guaranteed by clearing houses. Nomura is just the latest of several banks to back away from clearing amid low margins and high costs imposed mainly… Read More >>
Bancolombia to Deploy FATCA Solution
AxiomSL, a provider of regulatory reporting and risk management solutions to the financial services industry, reports that Bancolombia, Colombia’s largest bank, will be deploying AxiomSL’s Foreign Account Tax Compliance Act (FATCA) solution. The FATCA solution is a “scalable and cross-border tax reporting platform which will leverage the bank’s reporting process to ensure on-time compliance with… Read More >>
Our Special Report on the Key Ops Issues for 2015
Making predictions about the Top Ops issues for 2015 is more challenging than you might think, given the many facets of securities operations. We began our predictions coverage at the end of 2014 by reaching out to industry analysts and participants such as Virginie O’Shea, a senior analyst with Aite Group; Tim Lind, global head… Read More >>
Special Report: The Top Ops Predictions for 2015
For this report, FTF News reached out to industry participants, analysts and vendors to get a sense for the operations issues that will be top of mind for financial services firms during 2015. We uncovered a variety of concerns including fears over the future of the Legal Entity Identifier standard, concern over shorter settlement cycles… Read More >>
Calypso Readies Initial Margin Calculation Offering
San Francisco-based Calypso Technology, a specialist in capital markets software, reports that it will be releasing a “new solution for calculating the initial margin required on non-cleared derivatives trades,” officials say. The solution will meet the requirements of the Basel Committee on Banking Supervision (BCBS) and the International Organization of Securities Commissions (IOSCO) for margin… Read More >>
Interest Rates, Volatility to Rise in 2015: Greenwich Associates
As part of an ongoing series on post-trade operations predictions for 2015, FTF News has been checking in with industry analysts. Kevin McPartland, the head of research for market structure and technology at Greenwich Associates, compiled a list of 15 predictions for 2015 and he has allowed FTF News to cherry pick from it. At… Read More >>
Lombard Upgrades Colline Platform
Financial technology provider Lombard Risk Management has released a new version of Colline, the company’s collateral management, clearing, inventory management and optimization solution, officials say. “There are many regulatory issues such as Dodd-Frank/EMIR, IOSCO and Basel III that firms need to adhere to,” says John Wisbey, CEO, Lombard Risk in a prepared statement. Colline aims… Read More >>
