More CSDs Expected to Work with SWIFT Financial messaging and systems cooperative SWIFT has just signed a memorandum of understanding (MOU) with seven central securities depositories (CSDs) that commits them to demonstrating how distributed ledger technology (DLT) could be put to work for post-trade operations, including corporate actions processing, shareholder and related voting, and proxy-voting…. Read More >>
Tokyo Firm Gets New Trading Engine from Fidessa
Marusan Securities Signs On to Fidessa Marusan Securities Co., Ltd., an independent securities firm headquartered in Tokyo, has deployed Fidessa’s transaction technology to better serve its wholesale agency trading customers, say officials at the firm and Fidessa. In fact, 11 securities firms in Japan are using Fidessa for wholesale agency trading purposes, according to the… Read More >>
CFTC Puts Nymex, Comex Through Rule Enforcement Tests
CFTC Finds One Area for Improvement A rule enforcement review of the New York Mercantile Exchange (Nymex) and the Commodity Exchange (Comex) by the CFTC’s Division of Market Oversight has yielded a recommendation that both exchanges institute a better way to monitor position limit exemptions. Market participants can exceed position limits as long as they… Read More >>
ECB Names a Director General for Budget and Finance
ECB Position Created After Organizational Review The European Central Bank (ECB) reports that Roberto Schiavi has been appointed director general budget and finance, effective March 1. He will report to Michael Diemer, chief services officer. Schiavi, 48, joined the ECB in 1998 and since has held managerial positions in the areas of financial markets and… Read More >>
