(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 >>
Five Clearinghouses Pass CFTC’s Stress Test
Key clearinghouses for derivatives markets have “ample resources to withstand extremely stressful market scenarios,” according to CFTC Chairman Timothy Massad, who was commenting upon the results of the regulator’s supervisory stress test of CME Clearing; ICE Clear Credit, ICE Clear Europe and ICE Clear U.S., all part of the Intercontinental Exchange (ICE); and LCH Clearnet…. Read More >>
Support Growing for ISDA’s Initial Margin Standard
Support is growing for a new methodology for calculating initial margin for non-cleared derivatives instruments that was developed by the International Swaps and Derivatives Association (ISDA). Simultaneously, exchange and clearinghouse operator, the Intercontinental Exchange (ICE), reports that the ICE Benchmark Administration (IBA) group, a provider of regulated benchmarks, launched a crowdsourcing facility in support of… Read More >>
ICE Clear Credit Hits $1B Mark for Single CDS
The Intercontinental Exchange (ICE), owner of the New York Stock Exchange, other exchanges and clearinghouses, announced that ICE Clear Credit has surpassed $100 billion year to date in gross notional cleared for client accounts for single name credit default swaps (CDS), officials say. This marks a 200 percent increase over 2015. The ICE Clear Credit… Read More >>
Tullett Prebon to Buy Creditex Voice Brokerage
The Intercontinental Exchange (ICE), owner of the New York Stock Exchange (NYSE), is selling the hybrid, U.S. voice-broking business operations of Creditex to London-based interdealer broker Tullett Prebon, which recently agreed to acquire similar businesses from competitor ICAP. Officials at ICE say they will retain the electronically traded markets and systems, post-trade connectivity platforms and intellectual property… Read More >>
ICE Mulls Move to Buy London Stock Exchange
Intercontinental Exchange (ICE) officials are acknowledging “recent press speculation” that they may put forth an offer to buy the LSEG, which has gone public with its potential merger of two equals with Deutsche Börse. As outlined by LSEG and Deutsche Börse officials, the potential merger would be “structured as an all-share merger of equals under… Read More >>
DTCC Debuts ‘Data as a Service’ Offering
DTCC Debuts ‘Data as a Service’ Offering Post-trade services utility, the DTCC is launching its data as a service (DaaS) offering that is intended to change the way data is accessed and presented from DTCC’s clearing, settlement, asset servicing and derivatives trade reporting solutions, DTCC officials say. “The DaaS offering provides subscribers access to their… Read More >>
