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,…
Pacific Life Insurance Company, a life insurance company headquartered in Newport Beach, CA has selected Calypso Technology’s Calypso Collateral Management platform to automate and optimize its collateral allocation activities.
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…
A recent whitepaper published by Celent has revealed that 58 percent of Asian firms are not ready to comply with the shorten settlement cycle that will be implemented across Europe on 6 October.
The European Central Bank’s (ECB's) initiative to reduce collateral fragmentation and operational risk across Europe has taken another step forward today as firms are now allowed to use tri-party collateral services for cross-border pledges to national…
The Chicago Mercantile Exchange (CME) Group has chosen globeSettle as a collateral location venue for its central counterparty (CCP), CME Clearing Europe.
Northern Trust has selected Deutsche Bank and Euroclear to support its strategy ahead of the implementation of Target2-Securities, or T2S, the centralized securities settlement system aiming at harmonizing settlement infrastructure across Europe.
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.
Royal Bank of Scotland will now support Swift's Corporate Access (SCA) members using the MT798 messaging standard for corporate-to-bank trade transactions.
IT spend and T+2 lead this week's coverage.
Hong Kong Interbank Clearing Limited (HKICL), the clearing and settlement house for the Hong Kong financial market, has agreed to adopt the Market Infrastructure Resiliency Service (MIRS) run by Swift to reduce operational risks and improve the…
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 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.
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.
CME Clearing Europe has become a client of the central securities depository (CSD) operated by BNY Mellon, the bank has announced.
After the recent cyber-attack against the European Central Bank, the financial industry is taking another look at business continuity and resilience. As the marketplace grows in complexity and participants become increasingly interconnected, disaster…
Bursa Malaysia has introduced Asean Post-Trade Services to facilitate the clearing and settlement of outbound trades executed on the Asean Trading Link.
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.
Traiana has announced the launch of its new cross-asset matching, allocation and confirmation engine, Harmony Securities.
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).
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…
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.
Belgium-based Bank J.Van Breda & C° has selected ABN Amro Clearing as its general clearing counterparty for over-the-counter (OTC) derivative transactions.