ESMA Also Blesses ICE Clear Europe The Bank of England (BofE) has just updated its list of U.K. authorized central counterparty clearinghouses (CCPs) to include the authorization of ICE Clear Europe Ltd., officials say. Part of the Intercontinental Exchange, Inc., ICE Clear Europe provides central counterparty clearing and risk management services for interest rate, equity… Read More >>
SEC Rewards Whistleblower with $22 Million
SEC Awards a Total of $107 Million to Whistleblowers The SEC has given a whistleblower “more than $22 million” for a “detailed tip and extensive assistance” that allowed the regulator to halt “a well-hidden fraud at the company where the whistleblower worked,” according to officials. “The $22 million-plus award is the second-largest total the SEC… Read More >>
SWIFT Confirms Ongoing Cyber-Attacks Upon Clients
SWIFT officials confirm that they have uncovered new cases of “input fraud” via hackers attempting to harm member/customers of the financial messaging and services cooperative. The cooperative has not revealed the identity of the financial services firms that were most recently harmed or the amounts of money involved. In response to questions from FTF News,… Read More >>
Deutsche Bank GTB Endorses SWIFT Scope for Liquidity Reporting
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 >>
