Clearing and settlement
LedgerX Gains SEF Approval for Bitcoin Derivatives
US regulator grants full approval for bitcoin options venue, which will offer institutional-grade infrastructure for digital currencies.
LCH Adds BNZ as Clearing Member
Clearinghouse adds first New Zealand member amid other developments in Asia-Pacific
Tech Challenges Loom as Europe Eyes London’s Clearinghouses
New EU rules suggest London-based clearinghouses may be forced to relocate to the eurozone.
Davie Returns to LCH in Rates Role
Former COO returns to clearinghouse to head up rates, compression and uncleared derivatives projects.
After ECC, EEX Clearing Rollout, KB Tech Eyes Data Deals
KB Tech's initial deal with ECC covers post-trade and clearing-related data, though, this may expand to other areas in future.
London Stock Exchange-Deutsche Börse Merger Killed Off by European Commission
European Commission prohibits deal on basis it would create a monopoly for fixed-income clearing in Europe.
Baymarkets Launches Clarity Platform for Automated Workflows and Regulatory Compliance
The platform includes two key services, Clarity Limit and Clarity Hub, addressing all stages of the trading cycle.
Amundi Onboard with LCH’s CDSClear Service
Amundi becomes the first buy-side firm to use LCH’s clearing service for Credit Default Swaps (CDS) via its clearing broker, BNP Paribas.
Euronext Makes €510 Million Swoop for LSE’s French LCH.Clearnet Division
Euronext makes offer to acquire French clearing house from London Stock Exchange, subject to completion of LSE’s merger with Deutsche Börse.
ICE, Platts Expand Natural Gas Pricing Alliance
Platts officials say incorporating data from ICE will expand the percentage of natural gas markets reflected in its prices.
ASX to Decide on Replacing CHESS Platform with Distributed-Ledger Solution by End of 2017
The Australian exchange recently completed the prototype for the distributed-ledger technology (DLT) platform
Traiana Adds UBS, Barclays to Automated Central Clearing Platform
Addition of UBS and Barclays to give 'tremendous boost' to trade volumes netted on Harmony CCP Connect for Equities platform.
JPX Selects Cinnober for Risk Monitoring
JPX to leverage risk monitoring solution across its markets.
Singapore Exchange Selects Millennium PostTrade for Clearing Business
SGX Central Depository adopts MillenniumIT’s clearing, settlement and depository platform.
Markit Launches Netting Synchronization Service for Cleared OTC Derivates
Service to facilitate automated netting for OTC derivatives and provide single data source for trades.
OpenGamma, CloudMargin Partner on Portal for OTC Derivatives Clearing Mandate
OpenGamma partners with CloudMargin to deliver independent validation of initial margin of OTC trades.
Diversification Key to Successful Clearing Mandate
Recovery and resolution plans may not be sufficient to mitigate systemic risk or the creation of 'too-big-to-fail' central counterparties.
BBH Enhances Settlement Functions via Omgeo Hook-Up
Brown Brothers Harriman becomes the first global custodian to go live on Omgeo’s ALERT GC Direct service.
Don't Hold Your Breath on T+2 Arriving in 2017
The US market will eventually move to T+2 but Anthony says that that happening by Q3 2017 is ambitious.
T+2 ISC Announces Proposed Timeline for T+2 Shift in US, Sets Q3 2017 Goal
Committee releases white paper that outlines timeline and requirements necessary for shift to T+2.
GFI Bows CME–LCH Cleared Spreads Data
The new service will provide data on the spread between contracts cleared on CME versus those cleared on LCH
ICE Clear Europe, Clearstream Europe Collateral Management Partnership Launched
Service to allow Clearstream members use of assets for margin requirement management.
Rethinking Investor Protection in the Central Clearing Revolution
Automation and STP are required to protect investors.
T+2: Catalyst for Change
The move to a shortened settlement period from three days to two, commonly referred to as T+2, is set to shake up the European buy-side community when it comes into force on October 6. Marina Daras looks at the impact T+2 could have on transaction…