Financial technology company NEX Group has launched PIVOT, a tool for cash and collateral management, and treasury and portfolio finance functions that connects NEX’s ENSO Core platform to NEX Treasury, a cash and foreign exchange (FX) liquidity management hub. ENSO Core is described as a treasury, counterparty risk and portfolio financing workflow platform that helps… Read More >>
ESMA Explores Blockchain’s Risks and Promise
It was only a matter of time before regulators wanted to lift the lid on blockchain and look deeper into the potential opportunities and challenges in the financial services sphere. The European Securities and Markets Authority (ESMA), an EU financial services watchdog, is throwing down the gauntlet with its recent discussion paper for public consultation… Read More >>
LSEG & Boat to Launch Combined Reporting Services
TRADEcho to Hit Early Next Year The London Stock Exchange Group (LSEG) and Boat Services Ltd. will be offering TRADEcho, a combination of the two vendors’ existing and complimentary trade reporting services, officials say. TRADEcho is slated to be available by the first quarter of 2017 and will offer a single trade reporting venue and… Read More >>
Blockchain’s Great Promise Faces Great Hurdles
The distributed ledger, or blockchain, as today’s hot financial services technology is also known, may lead to an Internet of Value. But first, important issues have to be resolved. So says Lael Brainard, one of the Federal Reserve’s seven governors. In a recent speech entitled “The Use of Distributed Ledger Technologies in Payment, Clearing, and… Read More >>
More Global Banks Test or Explore Blockchain
The bandwagon for blockchain and distributed ledger technology (DLT) is getting crowded as four major global banks have just completed a battery of tests in which the cutting-edge technology played a key role in credit default swap (CDS) processing. At the same time, key players in Japan led by Nomura Research Institute (NRI) officials are… Read More >>
JPMorgan Penalized $225K for Reporting Errors
Officials at JPMorgan Ventures Energy Corp. (JPMVE) and JPMorgan Chase, N.A. (JPMCB) have an idea of how much errors in large trader reports (LTRs) will cost them as the CFTC recently issued an order settling charges and imposing a $225,000 civil monetary penalty. For the Large Trader Reporting program, the CFTC operates “a comprehensive system… Read More >>
Fed Wants New Credit Limits on Top Tier Firms
Global systemically important banks (G-SIBs), of the kind whose imprudent derivatives loan policies shook the global economy, will have their credit exposure restricted under a proposed new Federal Reserve Board single-counterparty-credit-limit rule. “In the financial crisis, we learned that the largest and most complex banks and financial institutions lent or promised to pay large amounts… Read More >>
CME Group to Start Swaption Clearing in April
CME Clearing, part of the CME Group conglomerate of derivatives marketplaces, reports that it will begin processing interest rate swaptions, starting April 11, in a bid to cut bilateral counterparty credit risk and to free up credit lines, say CME officials. The service will also target firms that want to get ahead of the regulators… Read More >>
Steering Committee Sets Date for T+2 Changeover
U.S. markets now have a September 2017 date to work toward for the move from the current settlement cycle of trade date plus three days (T+3) to a two-day cycle (T+2) because of a recommendation from the T+2 Industry Steering Committee (T+2 ISC), which is guiding the transition. At the same time, officials at the… Read More >>
ITG Launches Tool to Review Post-Trade, Fill-Level Data
ITG Launches Execution Analysis Tool ITG, an independent broker and financial technology vendor, reports that it has launched ITG Execution Analysis, a web-based analytics tool for clients seeking additional insights into their fill-level data and broker-neutral algorithm usage. “Through the use of FIX-based, fill-level data, ITG Execution Analysis focuses on algorithm usage, spread capture, venue… Read More >>
