Post-trade infrastructure services provider DTCC has designated its recently enhanced Omgeo Alert repository for standing settlement instruction (SSI) data as a de facto “single and centralized” SSI utility. DTCC officials timed the announcement to coincide with SIFMA’s T+2 shorter settlement conference in New York today. The utility approach to SSI data management began about three… Read More >>
Global LEI Overseer Officially Blesses DTCC’s GMEI
The Legal Entity Identifier (LEI) utility subsidiary of post-trade infrastructure provider DTCC has gotten an official accreditation from a global overseer that will boost the number of LEIs in the system and bolster the initiative, says Ron Jordan, managing director, chief data officer at the DTCC. In fact, the blessing from the Global Legal Entity… Read More >>
Four Women Nominated for Top Ops Prize of FTF Awards
Four women have made the list of nominees for the Ops Business Person of the Year category of the 2017 FTF News Technology Innovation Awards, reports Financial Technologies Forum (FTF), owner of online news service FTF News and FTF Focus magazine. In addition, FTF reports that it has finalized the list of nominees and has… Read More >>
What If Blockchain/DLT Lives Up to the Hype?
As this year gathers steam, the many blockchain/distributed ledger technology (DLT) projects out there are beginning to yield results. We have just reported on Northern Trust and its efforts with IBM http://bit.ly/2lSPlrw and I’m sure there are many more to come. One of the more intriguing DLT projects is the joint effort between the old… Read More >>
DTCC Promotes Ann Shuman to General Counsel
Post-trade infrastructure provider DTCC has promoted Ann Shuman from the post of DTCC managing director and deputy general counsel to the position of general counsel for the company, as of February 1, officials say. Shuman replaces Larry Thompson, who is stepping down to serve full time as vice chairman of DTCC, a post he has… Read More >>
Richard Ketchum Re-Emerges at MarketAxess
Richard Ketchum Joins MarketAxess Board of Directors Richard G. Ketchum, a Nasdaq and SEC veteran and former chairman and CEO of the Financial Industry Regulatory Authority (FINRA), will be serving on the board of directors of MarketAxess Holdings Inc., as of April 1, 2017, officials say. In his career, Ketchum has served in many senior… Read More >>
DTCC-IBM Blockchain Project Could Be Transformative
(Editor’s note: Earlier this month, post-trade infrastructure services vendor DTCC announced that it will be updating the legacy technology of its Trade Information Warehouse (TIW) with blockchain/distributed ledger technology (DLT) and support from IBM, Axoni and R3; IBM will be serving as the prime contractor. This will be a major undertaking as the TIW service… Read More >>
Can a Blockchain Manage Credit Derivatives?
(Post-trade infrastructure systems provider DTCC recently announced that it will be replacing the legacy technology of its Trade Information Warehouse (TIW) with blockchain/distributed ledger technology (DLT). This will be done via the technology and support from IBM, Axoni and R3. The TIW service automates the record-keeping, lifecycle events, and payment management for more than $11… Read More >>
IBM to Help DTCC Upgrade TIW to DLT
Post-trade infrastructure systems provider DTCC will be updating the legacy technology of its Trade Information Warehouse (TIW) with distributed ledger technology (DLT) and support from IBM, Axoni and R3, officials say. The TIW service automates the record keeping, lifecycle events, and payment management for more than $11 trillion of cleared and bilateral credit derivatives, according… Read More >>
Broker Deploys Torstone’s Back-Office System in Four Months
U.K. Firm Wants Cost-Effective, Scalable Back Office Liberum, a pan-European investment bank, signed a multi-year deal with Torstone Technology in July to deploy the vendor’s Inferno back-office system and went live earlier this month with the new system, achieving a four-month implementation, according to Liberum and vendor officials. An employee-owned firm, Liberum offers pan-European equity… Read More >>
