Operations

Nasdaq OMX Implements T+2 in Nordic and Baltic Markets

Nasdaq OMX is set to migrate to a shortened settlement period of T+2, where the settlement of securities transactions typically takes place two days after trades are executed, for securities traded on the Nasdaq OMX Copenhagen, Helsinki, Iceland,…

Soc Gen Unveils Buy-Side Outsourcing Service

Société Générale Securities Services (SGSS), a subsidiary of Paris-based multinational banking and financial services firm Société Générale, has launched an integrated wealth and investment management outsourcing service for the UK. Aimed at mid-tier…

CME Clearing Europe Selects globeSettle

The Chicago Mercantile Exchange (CME) Group has chosen globeSettle as a collateral location venue for its central counterparty (CCP), CME Clearing Europe.

SEC Taps SmartStream for Reconciliations Data

The US Securities and Exchange Commission (SEC) has selected SmartStream's TLM Reconciliations Premium and SmartRecs products to enhance its front-line oversight division's capabilities.

BME's CCP Gains EMIR Authorization

The Comisión Nacional del Mercado de Valores (CMNV) has given authorization to BME Clearing, in line with obligations from the European Market Infrastructure Regulation (EMIR).

BGC's SEF Connects with Traiana CreditLink

BGC Partners has announced that its swap execution facility (SEF), BGC Derivatives Markets, can now utilize pre-trade credit checks at Traiana's CreditLink facility, before passing on trades for third-party clearing.

Trustron Adopts Omgeo CTM

South Korea-based Trustron Asset Management has selected Omgeo Central Trade Manager (CTM) to handle its domestic post-trade equities activity, the firm has announced.

ICBC Taps IBM's Active-Active for DR

Industrial and Commercial Bank of China (ICBC) will employ IBM's mainframe computing solution Active-Active to provide "near-continuous" availability and disaster recovery (DR) in an effort to enhance its business continuity processes.

CME Clearing Europe Approved as CCP

The Chicago Mercantile Exchange Group's (CME) European clearinghouse, CME Clearing Europe, has received regulatory approval to operate as a central counterparty clearinghouse (CCP) in accordance with the European Market Infrastructure Regulation (Emir).

TMX Group Clearers Recognized as Qualifying CCPs

The Bank of Canada has announced that clearing houses operated by the Canadian exchange consortium TMX Group are now recognized as qualifying central counterparty clearing houses (QCCPs) in accordance with the Basel Committee on Banking Supervision…

DTCC Announces Settlement and Collateral Initiatives

The Depository Trust and Clearing Corporation (DTCC) is making an effort to publicize its primary initiatives surrounding collateral management and settlement, in an effort to help the industry lay out budgets for the coming year.