Advantage Futures, a Chicago-based futures commission merchant (FCM), has migrated to ION’s XTP cleared derivatives trade processing platform to achieve “extensive automation across clearing and settlement workflows,” officials say. “After using the same post-trade technology platform for decades, Advantage Futures sought a flexible, modern solution that could provide extensive automation across clearing and settlement workflows,”… Read More >>
Stock Markets Lost $25 Trillion in 2022: Report
Many observers have noted that last year was not a banner year for stock markets and a global industry group for exchanges and central clearing counterparties has backed up that point of view via a new report showing that “$25 trillion was wiped off global stock markets in 2022.” The new report from the London-based… Read More >>
FIA Urges New Ops Standards Body for ETDs
The Futures Industry Association (FIA) wants to end post-trade bottlenecks through a new industry-governed standards body that will foster sweeping changes for processes, data, and technology via new standards intended to transform “pre-, at, and post-trade” operations. The objective is summed up in a new FIA report: “FIA wants to test the hypothesis that trade… Read More >>
AcadiaSoft Targets Buy Side’s New Margining Woes
AcadiaSoft Inc., a vendor of margin automation solutions, is targeting the buy side with the launch of CollateralManager, which is intended to streamline collateral searches when used with the AcadiaSoft Hub. The new platform will encompass all agreement types — over-the-counter (OTC) bilateral, OTC-cleared, and exchange-traded derivatives, repos, MSFTA, securities lending and borrowing, officials say…. Read More >>
EC Proposes Lighter Regulatory Load for Derivatives
The European Commission’s recently proposed changes to the European Market Infrastructure Regulation (EMIR) not only makes the legislation “simpler and more proportionate,” but also aims to lift some of the compliance burden on smaller financial services firms, corporates and pension funds. The amendments cover a broad range including streamlined reporting obligations, improvements to the quality… Read More >>
Time for a Giant Leap Forward for ETD Ops?
(Editor’s note: Industry veteran David Pearson, head of post-trade strategy for electronic execution vendor Fidessa, recently took time out of his schedule to answer questions from FTF News. Pearson’s position requires him to provide “innovating new business ideas across Fidessa’s global buy- and sell-side community,” according to his profile. He offers input into the business… Read More >>
