SIX Group Ltd., the operator of the Swiss Stock Exchange, has selected Synechron as the systems integrator for the Calypso Technology, v15 SFR (Securities Finance Renewal) Program to be used to manage contractual tri-party collateral management activities. The project, which is expected to last two years, is part of an ongoing post-trade update undertaken by… Read More >>
DDJ Bolsters Ops via Cloud Version of Portia
Firm Gains Time, Ops Advantages via SS&C Hosting Investment manager DDJ Capital Management has signed on to use the hosted, software-as-a-service (SaaS) version of the venerable Portia system to outsource the creation, maintenance and control of overnight workflows and batch jobs, say officials at SS&C Technologies, the financial IT conglomerate that owns Portia. The SaaS… Read More >>
Squawker’s Equity Finance Platform Tackles Manual Processes
London-based vendor Squawker’s Equity Finance platform has completed its launch phase and has been deployed at six of the top 10 global investment banks in large part because the platform provides an alternative for investment banks that usually book trades via manual processes and over-the-counter (OTC) against interdealer brokers, officials say. Three more major banks… Read More >>
SIX Securities, Clearstream Partner to Target Ops Woes
SIX Securities Services, the Swiss central securities depositary (CSD), and Clearstream, an international CSD, are joining forces to develop new services and solutions to better combat tighter regulation, reduced margins and increased competition. It has been well documented that regulation such as the E.U.’s Markets in Financial Instruments Directive II (MiFID II) and the European… Read More >>
FIX Guidelines Target Buy-Side Post-Trade Woes
While the FIX Trading Community has just released a set of guidelines for the use of FIX in post-trade processing that targets trade breaks and slow resolution times, the standards body for the electronic protocol is open to suggestion. Industry participants can make recommendations to these guidelines covering multi-asset classes and a common post-trade framework… Read More >>
State Street to Test Service for Collateral Settlement
State Street will embark upon a pilot program in the first quarter of 2017 that will test the margin settlement messaging service of vendor GlobalCollateral as the global custodian intends to automate as much as possible the collateral settlement process, officials confirm. GlobalCollateral, a joint venture of Euroclear and the DTCC, is readying for prime… Read More >>
EBS Joins Thomson Reuters’ TRTN Post-Trade Network
EBS Clients Get STP via TRTN Foreign exchange (FX) trading platform EBS is now part of a post-trade network offering, the Thomson Reuters Trade Notification (TRTN), in an effort to offer EBS clients straight through processing (STP) support, officials say. EBS is joining more than 2,500 other publishers on TRTN, which Thomson Reuters officials say… Read More >>
Broadridge Platform Targets Post-Trade Ops Integration
Broadridge Financial Solutions has a new platform for its post-trade solutions and services that brings together processing engines with new, Java-based components, intended to provide financial services firms with a standardized, streamlined environment. The new Global Post Trade Management (GPTM) solution is intended to bring new operational advantages to global trade processing and management because… Read More >>
ICBC Standard Bank to Streamline KYC Ops
London-based financial markets and commodities bank, ICBC Standard Bank, has selected Fenergo, a provider of know your customer (KYC) services, to meet global compliance requirements and to make improvements in operational efficiency, bank and officials say. In February 2015, the Industrial and Commercial Bank of China Ltd. (ICBC) acquired a controlling stake in Standard Bank’s… Read More >>
Will Investment Banking Join the Digital Age?
A new report by Greyspark Consultancy, “Digital Transformation of Investment Banking,” shows that investment banks can learn a few lessons from the automotive and aircraft industries in the way they tackle regulation, competition and fickle customers. This new operating model will not only enable them to comply with new rules but become leaner and more… Read More >>
