Deutsche Bank’s Global Transaction Banking (GTB) unit has designated a third-party business intelligence (BI) solution, SWIFT Scope, as the preferred system for its global customers who will be required to report their levels of intraday liquidity to regulatory authorities. The SWIFT Scope software, offered via the SWIFT Business Intelligence unit of the SWIFT cooperative behind… Read More >>
CFTC Blesses DTCC-SWIFT LEI Utility for Another Year
CFTC Hopes Global LEI System to Be More Operational in a Year The legal entity identifier (LEI) utility operated by the DTCC and SWIFT can continue for another year in the hope that the global LEI system will become fully operational in that time, according to the CFTC, which just issued an order extending the… Read More >>
SWIFT Fights Back Against Cyber Threats
SWIFT, operator of the world’s largest money-transfer system, hired information security vendor BAE Systems and consultant Fox-IT to work alongside a new in-house team of security experts. The aim is to sharpen its monitoring and response time following a series of cyber-attacks over the past year. According to the company, the outside firms “will complement… 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 >>
SWIFT Moves to Allay Fears over Cyber-Attacks
SWIFT is hoping to allay fears across its network with a new five-point program after three hacking incidents. The aim is not only to tighten its own defenses but ensure that its members are also reinforcing security within their own walls. Over the past year, the Belgium non-profit cooperative group has been indirectly involved in… Read More >>
IEX Group Promotes to Fill President’s Post
IEX Ups CSO to President Startup stock exchange IEX, the buy-side-owned alternative trading system, reports the promotion of Ronan Ryan, its current chief strategy officer (CSO), to president. Meanwhile, Eric Stockland, of KCG Holdings, becomes the new CSO, “responsible for representing IEX in industry and regulatory policy discussions, guiding product strategy, and serving on several… Read More >>
LSEG & Boat to Launch Combined Reporting Services
TRADEcho to Hit Early Next Year The London Stock Exchange Group (LSEG) and Boat Services Ltd. will be offering TRADEcho, a combination of the two vendors’ existing and complimentary trade reporting services, officials say. TRADEcho is slated to be available by the first quarter of 2017 and will offer a single trade reporting venue and… Read More >>
SWIFT Network Used for Second Cyber-Attack
Hackers in a second major attack have been able to use the SWIFT financial messaging system to break into a commercial bank, according to media reports and officials at the industry cooperative, which issued a message to customers, dated May 13. For this latest attack, SWIFT officials state that “the SWIFT network, core messaging services… Read More >>
A 21st Century Bank Robbery You’ve Never Heard Of
A story that has gotten little attention but is noteworthy is the $100 million apparently stolen via cyber-fraud in February from the Bangladesh central bank account in the U.S. The ongoing saga has caused the Federal Reserve Bank of New York, Bangladesh Bank and SWIFT officials to issue a statement on May 10, 2016. “Representatives… Read More >>
SWIFT Urges a Cautious Embrace of DLT
The financial messaging and systems cooperative SWIFT is urging a cautious embrace of the much-hyped blockchain/distributed ledger technology (DLT) while acknowledging that it is engaged in many R&D and proof-of-concept projects. SWIFT is laying out its response to the DLT phenomenon via a position paper written with global professional services provider Accenture, and via the… Read More >>
