TMX Group and Clearstream have launched the first domestic tri-party repo capability for the Canadian market, dubbed the Canadian Collateral Management Service (CCMS), which has already transactions via the support of BMO, CIBC, RBC, Scotiabank, and TD, officials say The service will support collateral management within the shorter, T+1 settlement requirements that take effect later… Read More >>
DLT Passes Canadian Tests for Ops Usage
A little over a week ago, news broke that Payments Canada, the Bank of Canada, TMX Group, Accenture and R3 have been able to show that distributed ledger technology (DLT), the ballyhooed blockchain framework at the core of Bitcoin and other crypto-currencies, has passed an initial test of its ability to facilitate equity clearing and… Read More >>
ICE Agrees to Sell Trayport to TMX Group
ICE to Get Cash & Some TMX Group Assets The Intercontinental Exchange (ICE), which owns the New York Stock Exchange (NYSE), is selling a Trayport, a vendor of pre-trade energy solutions for traders, brokers and exchanges, to the TMX Group, parent company of the Toronto Stock Exchange, in exchange for certain TMX Group assets and… Read More >>
EBS BrokerTec Bids Farewell to a CEO
EBS BrokerTec Also Names Jim Iorio as Global Sales Head Interdealer broker and post-trade services vendor ICAP is searching for a new CEO for its subsidiary EBS BrokerTec as Gil Mandelzis, the current CEO, has decided to step down “and will be leaving the company in due course,” officials say. “We now begin the search… Read More >>
TSX Jolts the Mutual Funds Market in Canada
The Toronto Stock Exchange (TXS) is taking on the operational and cost inefficiencies in the processing of mutual fund transactions via the launch of TSX NAVex for Canadian market participants, namely dealers and mutual fund manufacturers. The TXS NAVex is an attempt to provide automation for mutual fund processing, which is mostly manual now, says… Read More >>
CFTC Authorizes Eurex Clearing for U.S. Swaps Markets
CFTC Blesses Eurex Clearing U.S. regulator CFTC has authorized Eurex Clearing’s registration as a derivatives clearing organization (DCO), which will allow Eurex Clearing to provide clearing services for swaps for U.S. clearing members, officials say. The authorization makes Eurex Clearing the 16th DCO registered with the CFTC and the sixth registered DCO based outside the… Read More >>
