News
US Postpones Fatca Deadlines, Citing Need For International Agreements
Due diligence and tax withholding requirements of the US anti-tax evasion regulation have been postponed until July 1, 2014 to allow time for more countries to sign intergovernmental agreements with the US Treasury
MarketAxess Files SEF Application with CFTC
Electronic trading platform operator MarketAxess has submitted its application to the US Commodity Futures Trading Commission (CFTC), in order to become a swap execution facility (SEF).
LCH.Clearnet to Start Clearing CDS for US Members
LCH.Clearnet SA has been authorized to extend its clearing credit-default swaps (CDS) service to US clearing members through its CDS clearing business, CDSClear, while its registration to the US Commodity Futures Trading Commission (CFTC) as a…
Markit Readies Front-Office Upgrade for OTC Charges
Markit has announced new calculations in its front-office analytics suite, designed to help customers cope with a range of complex regulatory calculations from a single application.
FATCA Deadline Pushed Back, Buy Side Gets a Reprieve
The US Internal Revenue Service (IRS) issued a notice today saying that certain deadlines pertaining to the Foreign Account Tax Compliance Act (Fatca) have been delayed by six months, as rules around withholding and due diligence will move from January 1…
AIM Upgrade Boosts Clearstream Pricing Capabilities
An upgrade to the data management platform used by Clearstream International to centralize pricing and ratings data will enable the vendor of clearing and settlement services to price more than 700,000 records in the less than 20 minutes
Omgeo Interface Automates Trade Matching For Eze Users
A new link to Omgeo's trade matching system means users of Eze Software Group's order management system will not need to build separate connections to each of their brokers
ESMA Preps Technical Standards for OTC Clearing
The European Securities and Markets Authority (ESMA) has released a discussion paper, as a first step in producing detailed technical standards for the central clearing of over-the-counter (OTC) derivatives instruments.
Nomura Partners Amazon for Cloud Services
Nomura Research Institute (NRI) has announced that it is now a premier consulting partner with Amazon Web Services (AWS), and will be building out a dedicated team to support development of secure cloud models.
SS&C GlobeOp Opens Cloud Portal to the Buy Side
SS&C GlobeOp, the fund admin unit of SS&C Technologies, has extended its cloud-based portal to all of its global fund administration service clients, including hedge funds, fund of funds, private equity and managed accounts clients.
Nasdaq Extends Smarts to Buy Side Through Sterling Partnership
Nasdaq OMX has announced a partnership with Sterling Trader, extending the use of its Smarts Broker surveillance product to buy-side firms.
INTL FCStone Abandons Cleartrade Acquisition Plans
Commodities brokerage INTL FCStone has dropped its plans to acquire a controlling interest in Cleartrade Exchange (CLTX), citing Dodd-Frank Act provisions as a barrier to the deal.
