EBS BrokerTec, the electronic foreign exchange (FX) and fixed income business group of interdealer broker ICAP, is acquiring Molten Markets Inc., an FX technology provider for asset managers and pension funds, and the combination is expected to provide enhanced post-trade support. “This is a full execution management system [EMS] where clients can organize all of… Read More >>
ICAP Invests More in Recs Upstart Duco
Interdealer broker ICAP, a markets operator and provider of post-trade risk mitigation and information services, reports that it has made an additional investment in Duco, a London-based fintech provider of hosted reconciliation services. Terms of the new investment, made via Euclid Opportunities, ICAP’s early-stage fintech funding business, which first invested in Duco in 2012, were… Read More >>
Bloomberg STP and Traiana to Tackle FX Options
Bloomberg STP Solutions, the post-trade arm of the market data and news giant, reports that it is joining forces with Traiana, a vendor of pre- and post-trade solutions, to automate many of the now-manual processes that form the workflow of foreign exchange (FX) options. Essentially, the solution to come will link Traiana’s Harmony messaging network… Read More >>
Traiana Upgrades CreditLink
Traiana, a vendor of pre-trade risk and post-trade processing solutions, has launched a version of CreditLink, a credit-checking hub for derivatives that includes services to streamline post-trade processing of trades conducted via swap execution facilities (SEFs). In particular, the upgrade will help firms manage the allocations process for bunched orders, and to monitor limits across… Read More >>
Could FIX Disrupt Post-Trade Processing?
Buy-side firms and vendors in the U.S. are exploring extensions of the FIX protocol to post-trade processes. But stretching FIX in this way will stir up battles over standard and proprietary protocols and whether post-trade processing should be done locally among firms or through a centralized matching system. The outcome of these battles may determine… Read More >>
Illness Hastens Exit for Barclays’ Top Finance Director
Illness Hastens Exit for Barclays’ Top Finance Director Chris Lucas, the group finance director for Barclays, will step down from his position and the board on Aug. 16, which is earlier than expected because of health concerns, according to bank officials. Lucas was slated to step down on Feb. 28 next year.“My health was a… Read More >>
Transparency for Post-Trade Processing
Clearing and execution broker SEB Futures is pushing for an early adopter advantage by providing more transparency into the post-trade processes for exchange-traded derivatives. The firm is hoping to boost service levels for its buy-side clients who are increasingly working with multiple brokers. In fact, the broker is taking its cues from a client, a… Read More >>
