M&G Extends Current Arrangement M&G Corporate Services Ltd., a part of M&G plc, has picked State Street to provide outsourced middle office services in an arrangement that extends a 10-year partnership with M&G, officials say. M&G is already getting fund accounting and custody services from State Street. The extension will mean that State Street can… Read More >>
EBS’s EMS to Link to IHS Markit’s thinkFolio
EBSI Connectivity Slated for Q4 EBS, a provider of electronic trading platforms and IT for foreign exchange markets, will be offering connectivity between the EBS Institutional (EBSI) execution management system (EMS) and thinkFolio, a multi-asset investment management platform from vendor IHS Markit, vendor officials say. The new service is slated to be available during the… Read More >>
ISDA Publishes CDM Blueprint for the Industry
ISDA Wants CDM to Restructure the Market The International Swaps and Derivatives Association (ISDA) has published the “full version of the ISDA Common Domain Model (CDM) for interest rate and credit derivatives,” which ISDA officials hope will serve as “a common blueprint” for restructuring the foundations of the market. To facilitate that restructuring, ISDA will… Read More >>
EBS Joins Thomson Reuters’ TRTN Post-Trade Network
EBS Clients Get STP via TRTN Foreign exchange (FX) trading platform EBS is now part of a post-trade network offering, the Thomson Reuters Trade Notification (TRTN), in an effort to offer EBS clients straight through processing (STP) support, officials say. EBS is joining more than 2,500 other publishers on TRTN, which Thomson Reuters officials say… Read More >>
Tullett Prebon-ICAP Deal to Impact Post-Trade Services
Interdealer broker ICAP is selling its brokering business and more to Tullett Prebon in an arrangement that both companies say will lead to $91 million in savings and streamlined support for post-trade services, transaction processing and trading data offerings. The move is seen as a response to challenging times for interdealer brokers who face a… Read More >>
EBS and BrokerTec Make Strides in Merging Businesses
EBS BrokerTec, interdealer-broker ICAP’s electronic foreign exchange and fixed income business, has announced that it’s made significant strides in combining the businesses of EBS and BrokerTec since they merged divisions six months ago, officials say. EBS BrokerTec has combined its sales, support and on-boarding teams, allowing “the business to leverage its scale and reach more… Read More >>
ICAP Merges EBS and BrokerTec Businesses
ICAP, an interdealer broker and provider of post-trade services, will be combining EBS, its FX electronic trading platform, with BrokerTec, its fixed income platform, officials say. The new platform will be known as EBS-BrokerTec and will allow ICAP “to leverage BrokerTec’s market leading platform, client relationships and strong team” with “EBS’s technology and innovation pipeline”… Read More >>
EBS Hires New Head of Sales for Asia
Simon Winn has joined EBS, the electronic FX business of interdealer broker ICAP, as head of sales, Asia Pacific, according to a company statement. In his new role, Winn “will be responsible for driving new business in Asia Pacific across the expanding EBS product suite and for increasing EBS’s footprint in the region,” according to… Read More >>
EBS Co-Heads Exit Amid Shake-Up
A shake-up in the management structure at EBS, provider of an electronic foreign exchange (FX) platform owned by interdealer broker ICAP, has resulted in the departures of now-former co-heads of EBS Market Nichola Hunter and John Schoen, according to an ICAP statement. The shake-up has also led to two promotions. Darryl Hooker is now head… Read More >>
Broadridge Targets Collateral as GFI to Use XBRL
Broadridge Targets Collateral Management Broadridge Financial Solutions, a solutions provider for financial firms and corporate issuers, is launching CollateralPro, an enterprise-wide system for bilateral and cleared derivatives, and securities financing transactions, officials say. CollateralPro, which can be hosted as a managed service or deployed onsite, has optimization module to help clients improve liquidity and profitability… Read More >>
