The backers of the big data consolidated audit trail (CAT) have selected the Financial Industry Regulatory Authority (FINRA), the self-regulatory organization (SRO), to be the next plan processor for the CAT system, replacing Thesys Technologies, which was acting as Thesys CAT. Late last month, news broke that Thesys CAT was being phased out of the plan… Read More >>
SmartStream & Numerix Partner to Ease IM Requirements
Two Vendors Focus on Noncleared OTC Derivatives SmartStream Technologies, a post-trade systems and services provider, and Numerix, a risk technology vendor, report an agreement intended to better support end users in complying with the International Swaps and Derivative Association’s (ISDA) standards governing margin requirements for non-centrally cleared derivatives. In order to facilitate the over-the-counter (OTC)… Read More >>
Buy Side Can Access Fenics UST via QuantHouse
New API & QuantLink Access via QuantHouse QuantHouse, a provider of market data services, an algo trading platform and infrastructure solutions, can now offer its buy-side clients “quick and streamlined access to normalized real-time and historical data to trade the U.S. cash treasuries market” via a new link to the Fenics USTreasuries platform. The… Read More >>
ISDA’s Best Practices Target CCP Members
The International Swaps and Derivatives Association (ISDA) is setting forth in a new white paper a set of best practices for central counterparty clearinghouses (CCPs) in a bid to prevent troubling defaults that have to then be absorbed by CCP participants. Citing two recent defaults, ISDA says that they represent “the weaknesses in some CCP… Read More >>
CRD Partners with AcadiaSoft & Expands Liquidnet Alliance
Charles River Development (CRD) will be working with AcadiaSoft via a new business alliance and expanding its partnership with Liquidnet — its first major industry moves since its acquisition last year by custodian giant State Street Corp. for $2.6 billion. When CRD was acquired in October 2018, the combined companies announced that they would build… Read More >>
RJO Affiliate Launches OTC Agricultural Structured Products Group
New RJO Group Will Use Proprietary Software Officials at futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) have announced that an affiliate R.J. O’Brien Financial has launched an over-the-counter (OTC) Agricultural Structured Products Group that will target commercial agricultural companies across the globe – a first for RJO. The bilateral OTC initiative will… Read More >>
CME to Drop NEX Branding Post-Acquisition
CME to Keep BrokerTec, EBS, Traiana & TriOptima Brands The CME Group as expected has completed all the steps for the acquisition of NEX Group, first announced in March, but will discontinue the NEX branding while keeping the names for the mark1ets and “Optimisation” businesses such as BrokerTec, EBS, Traiana and TriOptima. “The combined company… Read More >>
DTCC Partners with Symphony for DXM Service
Symphony to Enhance DTCC Exception Manager Service The New York City-based Depository Trust & Clearing Corp. (DTCC), a post-trade market infrastructure provider for the financial services industry, reports that it has signed an agreement with Symphony, a cloud-based messaging and collaboration platform. The agreement “significantly expands communication and collaboration capabilities within the DTCC Exception Manager… Read More >>
BNPP AM Debuts Emerging Markets Equity Mutual Fund
BNP Paribas Asset Management Adds to Mutual Fund Suite BNP Paribas Asset Management (BNPP AM) has launched an Emerging Markets Equity mutual fund that is described as actively managed and “features competitive initial net expense ratios of 0.75 percent for institutional shares; 0.90 percent for investor shares; and 1.15 percent for retail shares,” officials say…. Read More >>
Why Minimizing Counterparty Credit Risk is Crucial: Q&A
(NEX introduced triBalance last year to help financial services firms grappling with multilateral rebalancing of counterparty risk exposures, among other Ops challenges. The launch has paid off for NEX as voters in the FTF News Technology Innovation awards competition picked the offering as the Best New Post-Trade Solution. FTF News got time with Michael Modlock,… Read More >>
