Futures market participants say standardizing trade allocations through a post-trade utility could prevent a repeat of the chaos seen in March 2020, when back-office systems fails resulted in thousands of trade breaks.
If you want the definition of a circular argument, talk to anyone involved with clearing about resilience and recovery. But more pernicious risks remain unaddressed.
TT OMS will consolidate existing order and execution management workflows into a single screen, delivered on a software-as-a-service basis.
Agency will step in and act where required, but the lion’s share of responsibility falls to venues.
The release of professional-grade services by the largest digital currency exchange demonstrates a breathless pace of growth that may be masking wider issues with the nascent asset class, traders suggest.
James and Anthony look at the main issues around CCP non-default losses, who should be responsible for these funds, and where this is all heading.
As the sell side hesitates, advanced principal trading shops are getting in on the crypto craze in a big way.
Exchange says it will not look to increase volumes at the cost of additional risk as participants question listing process.
Wedbush is the third client win for the utility, which is rolling out a new clearing platform in 2018.
Thin volumes have marked bitcoin futures contracts launched by its rival, but traders hope CME's move will bolster order book depth.
Regulation Automated Trading was created to protect market integrity and update the CFTC’s rules as algorithmic trading proliferates. There are many areas where there’s consensus agreement as to the benefits of this proposed regulation, but Anthony…
Anthony looks at three topics that were repeatedly on delegates' lips during the conference.
SunGard's new utility service is designed to help firms achieve cost cuts of up to 20 %.