JPMorgan, Northern Trust & Banco Santander Aid Broadridge Pilot This is the season for blockchain/distributed ledger technology pilots as Broadridge Financial Solutions, JPMorgan, Northern Trust and Banco Santander have announced that they been working on a pilot test project that uses blockchain technology to improve “global proxy vote transparency and analytics,” officials say. The… Read More >>
SEF for Rolling Hemp-Backed Trades Joins FinTech Sandbox
Seed CX, a Chicago-based, new swap execution facility (SEF) for trading hemp as a commodity, has just been selected by the FinTech Sandbox to join its community of innovators, an opportunity that follows shortly after the CFTC approved the SEF. The SeedCX SEF’s mission is to help agricultural market participants to hedge risk and to… Read More >>
Christian Katz, Swiss Exchange CEO, to Step Down
Christian Katz, Division CEO of SIX Swiss Exchange, has decided to leave SIX Financial, officials say. His decision is based on “diverging views on the strategic direction and on the further development of the business area” for Swiss Exchange, a company statement says. Katz has headed SIX Swiss Exchange since 2009. Under Katz’s leadership SIX… Read More >>
SIX Financial Hires Industry Vet Phil Lynch
Industry veteran Phil Lynch is the new global head of markets, products and strategy, at SIX Financial Information, confirm officials at the market data and services provider, based in Zurich, Switzerland. “Mr. Lynch is part of SIX. He actually started working for SIX Financial Information yesterday, April 1,” says a company spokesperson in an email… Read More >>
CFTC Delays Swap Package Execution as SIX Financial Launches FATCA Service
Bowing to industry concerns, the CFTC has delayed a requirement that swap packages be transacted via swap execution facilities (SEFs), and has clarified that the mandatory SEF-based trading of interest rate swaps and index credit default swaps will begin on Feb. 15. Swap packages were granted a reprieve from the SEF mandate via a no-action… Read More >>
ISDA Defines a New Credit Event as Gaia and Numerix Take on EMIR
New Credit Event Part of ISDA’s 2014 Derivative Definitions The 2014 ISDA Credit Derivatives Definitions to come in September will introduce several new terms and a new credit event that would be triggered by a government bail-in of a financial reference entity, according to the International Swaps and Derivatives Association. The version to come in… Read More >>
J.P. Morgan Re-Masters Its Reference Data Operations
(Editor’s Note: This story will appear in the Winter/Spring digital edition of the FTF News magazine, which will be online next month.) J.P. Morgan’s realignment of its investment-banking and Worldwide Securities Services businesses has yielded not only the Corporate & Investment Bank unit but has led to an overhaul of its reference data operations. The… Read More >>
