Newedge Extends GL Trade Deal

LONDON-Multi-asset brokerage Newedge is set to consolidate its Paris, New York and Hong Kong operations onto GL Trade's Instant Brokerage platform, which is in place in the broker's U.K. office, officials say.

OCL Adds a DealHub Deployment

LONDON-Options Computer Limited (OCL) has deployed its DealHub internal trade netting tool with an existing client-bank, enabling it to reduce more than 100,000 component trades to 1,000 aggregate trades, say vendor officials.

Broadridge Expands Ascendis Suite

NEW YORK-Financial technology outsourcing provider Broadridge Financial Solutions will add institutional brokerage features to a product in its Ascendis suite of offerings, say vendor officials.

Misappropriated Spending Hampers BCP

NEW YORK-The money currently being spent on business continuity planning (BCP) and disaster recovery may be completely ineffective, according to an industry specialist.

DTCC, LCH.Clearnet Seek Merger

NEW YORK & LONDON-In an attempt to create a transatlantic clearinghouse, the Depository Trust & Clearing Corp. (DTCC) and LCH.Clearnet Group recently announced their intention to form a new clearinghouse that would be user-owned, user-governed and…

Omgeo Moves to Collateral Management

NEW YORK-Industry utility best known for automating post-trade settlements has its eyes on the over-the-counter (OTC) derivatives markets with the acquisition of collateral management platform vendor Allustra and an exclusive licensing agreement with…

Swift Adds Cash, Fixed Income to Accord

BRUSSELS-Trade confirmations between executing and prime brokers may become a tad easier as the financial messaging and network industry cooperative Swift plans to introduce support for cash equities and fixed income on its Accord matching platform…

NZX Upgrades Clearing, Adds CCP

WELLINGTON, N.z.-The New Zealand Stock Exchange (NZX) is rolling out a new clearing and settlement system as part of a technology overhaul that includes a new core trading platform.

Omgeo to Expand CTM to Derivatives, FX

NEW YORK-Post-trade utility Omgeo plans to offer support for exchange-listed derivatives and foreign exchange (FX) trades on its automated settlement platform Central Trade Manager (CTM) by mid-2009, Omgeo officials tell DWT .

Wall Street Aces 'Delayed Opening' Test

NEW YORK-In the event of a local or small-scale disaster resulting in a delayed opening, Wall Street firms would be able to respond quickly, according to the results of a recent post-business continuity test survey. Nearly two-thirds of those who…

Swift Vies for Wider SwiftNet

NEW YORK-Banking cooperative Swift is working to make connectivity more efficient for its users by striking relationships with other industry bodies in order to access products and services from the other firms via the SwiftNet infrastructure, say…

U.S. Markets Execute BCP Drill

NEW YORK-To ensure preparedness for a small-scale or a local disastrous event, members of the U.S. securities industry participated in a business continuity test on Saturday, June 7.

Messaging Bodies Publish Investment Roadmap

LONDON-An alphabet soup of industry messaging bodies have released an investment roadmap that is targeted to standardize messaging across the financial services industry, say officials.

Broadridge Targets Front Office

LAKE SUCCESS, N.Y.-Financial technology outsourcing provider Broadridge Financial Solutions will introduce products for the front office as part of its new Ascendis product group, DWT has learned.

Quartet Updates ActivePivot

LONDON-Service orientated architecture (SOA) software provider Quartet Financial Systems plans to release the newest version of its ActivePivot product in the summer, DWT has learned.

Liquidnet Targets Europe, Asia

NEW YORK-Once it gains enough critical liquidity in its European and Asian markets, New York-headquartered crossing network provider Liquidnet plans to expand its product offerings in those areas, DWT has learned.

Savvis to Host Bats MTF

LONDON-Europe's most recently announced multilateral trading facility (MTF), Bats Trading (Europe), announced that is has inked a deal with datacenter provider Savvis to host the MTF's production systems in Savvis' Docklands datacenter, DWT has learned.

Swift Plans Managed Service

NEW YORK-Attendees of the Swift Operations Forum Americas 2008 in Midtown Manhattan were given a peak at three new services that bank messaging cooperative Swift plans to launch to help members manage their Swift connections.

Panel: BCP Technology Not Enough

LONDON-Those tasked with creating a firm's business continuity strategy should avoid being blinded by technology and never forget the human element, according to members of the financial services industry.

Banks to Test Open-Source RegQ

NEW YORK-Two global, but unnamed banks, have begun the second round of beta testing the Regulatory Questionnaire (RegQ) from open-source developer Collaborative Software Initiative (CSI), say CSI officials.

ITG Rolls Out Netting Service

NEW YORK-Agency brokerage and crossing network provider ITG has recently added a new trade-ticket netting service, dubbed Single Ticket Clearing, to its ITG Net order routing network, according to firm officials.

CLSA to Outsource Datacenters to BT

HONG KONG-Broker-dealer Credit Lyonnais Securities Asia (CLSA) has contracted BT to manage its global datacenter, according to a vendor spokesperson.

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