Gresham to Integrate Inforalgo with Clareti Reconciliations vendor Gresham Technologies has acquired pre- and post-trade data management specialist Inforalgo Information Technology Ltd. in an effort to to expand Gresham’s regulatory reporting capabilities, officials say. Inforalgo reports that it offers cloud-based, straight through processing (STP) solutions and automation technologies that help financial institutions with complex real-time connectivity… Read More >>
LabCFTC Replaces ‘Fintech Forward’ with Virtual Events
‘Empower Innovation 2020’ to Launch in the Fall LabCFTC, the fintech incubator of the Commodity Futures Trading Commission (CFTC), will launch “interactive virtual events throughout the fall,” as a replacement for the 2020 Fintech Forward conference. The in-person conference has been canceled “in light of the COVID-19 (coronavirus) pandemic,” officials say. The three-part series has… Read More >>
Sell-Side Firms Are Reviving Key Projects: SmartStream
(Sell-side firms are reviewing and reengaging strategic projects in the wake of a pandemic that caused staff to work remotely, says Jason Ang, program manager, TLM Collateral Management, at SmartStream Technologies. This return to strategic projects amid lockdowns and re-openings means the sell side is re focusing on collateral and its importance for credit risk… Read More >>
Deutsche Bank Resolves Spoofing & Swaps Data Cases
The Commodity Futures Trading Commission reports the settlement of two enforcement orders involving Deutsche Bank. In one, the bank “resolved federal court charges stemming from alleged violations of various swap data reporting and other regulatory violations,” the CFTC says. In the second enforcement action, the CFTC “issued an administrative order against Deutsche Bank Securities Inc…. Read More >>
CME’s Eurodollar Options Floor to Reopen in August
CME to Add Safety Measures to Options Floor CME Group reports that it will reopen its Eurodollar options trading pit on August 10, 2020. In advance of that reopening date, the company intends to “reconfigure the pit to meet social distancing standards and put additional safety measures in place,” CME officials say in a statement. “All… Read More >>
ISITC’s Workaround for SWIFT & Negative Trading Prices
The Derivatives Working Group of ISITC, a securities industry standards group, is helping to spotlight a problem that has gotten lost in the shuffle of a pandemic and sudden recession. Essentially, how do users of the SWIFT financial messaging network process negative trading prices on commodity futures? “The effort was spurred by recent market event… Read More >>
CFTC Extends IM Deadline for Phase 5 Firms
Citing the operational challenges of the COVID-19 pandemic, the CFTC extended the initial margin (IM) deadline for Phase 5 firms from September 2020 to September 2021, but sidestepped moving the IM deadline for Phase 6 firms. Phase 5 firms now have another year to comply with the IM requirements for uncleared swaps under the regulatory… Read More >>
Northern Trust’s Client Portal Gets a Cloud Makeover
Online Report Center Will Become a Cloud Service Northern Trust is relaunching a client-facing portal, the Online Report Center, as a cloud-based service with a redesigned user interface, officials say. The revamped service “is currently in its beta phase with a select group of clients. The full release for all clients will be available later… Read More >>
Bitcoin Futures & Options Exchange Gets CFTC Nod
Bitnomial Exchange Designated as a Contract Market Chicago-based Bitnomial Exchange has gotten the greenlight from commodities regulator CFTC to become a designated contract market (DCM), which means that it can launch as a Bitcoin futures and options exchange. “The CFTC issued the order under Section 5 of the Commodity Exchange Act (CEA) and CFTC regulation… Read More >>
NYFIX Matching Now Supports SWIFT Messaging
Itiviti & ECS Partner to Bolster NYFIX Matching Itiviti, a technology and service provider to financial institutions, reports the advent of a partnership with ECS Fin, a provider of financial messaging services and transaction-processing solutions, that will add trade settlement to NYFIX Matching. The partnership, Itiviti says, will enable NYFIX Matching to process trade messages… Read More >>
