Industry players in U.S. Treasury transaction markets can now access a free, public-facing Value at Risk (VaR) calculator that will help them comply with SEC rules that will expand clearing requirements for them. The DTCC’s Fixed Income Clearing Corp. (FICC) has launched the new tool, accessible via a web browser, which provides “the ability to… Read More >>
Numerix Overhauls PolyPaths Product Suite
Numerix has made “significant enhancements across the PolyPaths product suite,” including new reporting and client-centric capabilities that represent the next chapter for PolyPaths, known for helping firms make the transition away from the discredited London Interbank Offered Rate (LIBOR). “This update represents a pivotal shift in our approach. Given the prolonged prevalence of LIBOR as… Read More >>
Beeks & STT Team Up for Clearing & Settlement Service
Financial cloud solutions provider Beeks Financial Cloud Group is partnering with trading and clearing provider Securities & Trading Technology (STT) to offer a managed service that incorporates clearing, settlement, trade execution, risk management, and surveillance, officials say. The timing was the driving factor for the collaboration between STT and Berks Group as they want to… Read More >>
Nasdaq Signs Top Thai Broker for Risk Platform
The largest institutional broker in Thailand is the first Asian client of the Nasdaq Risk Platform, a service that offers a view of risk for proprietary and client trading portfolios, officials say. The new client Kiatnakin Phatra Securities (KKPS) has signed a multi-year agreement, which expands upon its Nasdaq Trade Surveillance partnership, officials say. The… Read More >>
DTCC’s OTC Service Tracks North American Derivatives Data
DTCC has launched a cloud-based service that offers over-the-counter (OTC) derivatives transaction data — dubbed OTC Direct Connect — in near real-time so that investment firms can evaluate faster the risk factors of quickly moving markets, according to the post-trade infrastructure provider. The new service, which facilitates access to data about OTC derivatives transactions in… Read More >>
FBI, FINRA Alert Firms About Email Cyberattacks
A recent alert from the U.S. Federal Bureau of Investigation (FBI) warns financial services firms using Barracuda Email Security Gateway (ESG) Appliances, even those with “up-to-date security patches,” that they “remain at risk for continued computer network compromise from threat actors exploiting a zero-day vulnerability.” The FBI’s alert also referred to “suspected PRC Cyber Actors,”… Read More >>
ISDA Docs Expert Launches Online Course & Other News
Course Targets Firms that Use ISDA Master Agreements Edyta Knizewska, a derivatives documentation expert, reports that she is offering an online course about “understanding and negotiating ISDA Master Agreements.” The master agreements “govern over-the-counter derivatives transactions,” and Knizewska, a legal consultant, negotiator and derivatives lawyer wants to offer her experience through her ISDA Lab course…. Read More >>
SS&C Bolsters Tier 1 CRM Platform & Other News
SS&C’s Tier 1 Gains Users & Features The Tier 1 capital markets and investment banking customer relationship management (CRM) platform from SS&C Technologies has been enhanced, has more than 1,000 new end-users, and has the support of more staff members, officials say. The new features “include improved data insights and in-app information delivery,” officials… Read More >>
UBS Fined $387M for Credit Suisse’s Archegos Chapter
UBS Group is paying $387 million in fines to the U.S. Federal Reserve System and the U.K.’s Prudential Regulation Authority and finalizing proceedings with the Swiss Financial Market Supervisory Authority (FINMA) — in an effort to close the Archegos Capital Management chapter in the history of Credit Suisse, now a subsidiary of its former Swiss… Read More >>
Group Proposes Standards for the ‘E’ in ESG
While a major backlash is underway against investment strategies based upon environmental, social, and governance (ESG) issues, the International Sustainability Standards Board (ISSB) released in late June a proposal for global sustainability disclosure standards that could bring some clarity to investing based on environmental concerns — the “E” of ESG. If adopted, the standards will… Read More >>
