BNP Paribas Securities Services has launched a tri-party collateral management service that aims to connect buy-side and sell-side firms in order to unlock liquidity pools and improve the collateralization process across a wider range of securities. The service provides exposure to segregated markets, enabling clients to access previously untapped sources of collateral. In addition, clients… Read More >>
ESMA Leaves Key OTC Questions Unanswered
Although the latest edict from the European Securities Market Authority (ESMA) was supposed to clarify the concept of “traded on a trading venue” (TOTV), there is still some uncertainty around the over the counter (OTC) component of securities transactions. The objective of ESMA’s opinion is to help market participants better understand under which circumstances transactions… Read More >>
Q&A: Firms Still in Limbo over T+2 Changes
(Editor’s Note: Matt Rodgers, senior manager at business consultancy Sapient Global Markets, thinks that it’s a little premature to know what IT infrastructure and solution changes will be required for the transition to trading day plus two settlement (T+2). The efforts of the DTCC, the Securities and Financial Market Association (SIFMA) and major industry players… Read More >>
OptionScape Tools to Work with Thomson Reuters Eikon
OptionScape, maker of strategy modeling tools for exchange-traded options, is now offering a standalone software version that has full data integration with Thomson Reuters Eikon, officials from both companies say. Thomson Reuters Eikon offers real-time data, historical information, access to more than 400 exchanges and links to over-the-counter (OTC) venues. The new version of OptionScape… Read More >>
Eze EMS Upgrade Has New Support for Nasdaq’s ACT
Targeting the sell side, fintech provider Eze Software Group is including new support for Nasdaq’s Automated Confirmation of Transactions (ACT) system for over-the-counter (OTC) trades in the Eze Software EMS (RealTick), 11.4 release, the latest update of the execution management system, officials say. ACT, also known as the ACT Service, is a system that enables… Read More >>
SimCorp Dimension Upgrade Widens Views Across Ops
Investment management systems and services vendor SimCorp has updated its enterprise solution SimCorp Dimension, release 5.8, and is including new support for the back office, a performance analysis manager, tighter integration with MSCI’s RiskMetrics and the introduction of a manager for investment book of record (IBOR) models, officials say. The back office module will allow… Read More >>
Walsh: ‘Eliminate the Manual [Margining] Activities Altogether’
AcadiaSoft, the Norwell, Mass.-based margin automation vendor has just launched an email messaging service to accompany its electronic messaging service for over-the-counter (OTC) derivatives transactions. The Xpress email extension will work with MarginSphere, which will bring in email-based counterparties onto the service, company officials say. MarginSphere Xpress uses AcadiaSoft clients’ existing email channel to route… Read More >>
CLS, LCH.Clearnet Partner for FX Service
Foreign Exchange (FX) settlement services vendor CLS has partnered with LCH.Clearnet to develop a service to facilitate the settlement of cleared FX products, officials say. The new service aims to help firms comply with goals set out by the G20 to promote clearing of standardized derivatives, and CLS says “it will be open to all… Read More >>
NFA VP: Untangling Regulatory Overlap Could Take a Decade
It’s a mix of good and bad news for firms in the derivatives markets struggling to comply with overlapping demands made by multiple regulators. The good news is that regulators are aware of the problem, and are working to fix it. The bad news, according to Jamila Piracci, vice president of over-the-counter (OTC) derivatives for… Read More >>
OpenGamma Embraces Open Source Margining
OpenGamma, a London-based, privately held provider of over-the-counter (OTC) derivatives trading solutions, says it is “working with dealers and other OTC derivatives market participants to deliver an open source model to calculate the margin on bilateral derivatives trades.” The solution will “implement the final Standard Initial Margin Methodology,” being developed by the International Swaps and… Read More >>
