Loans
JP Morgan’s goal of STP in loans materializes on Versana’s platform
The accomplishment highlights the budding digitization of private credit, though it’s still a long road ahead.
The loan market has a new identifier, but the path to adoption isn’t clear
The CEI aims to bring interoperability to loan trading, but it’s entering a market dominated by a long-standing incumbent.
TMX, CanDeal strike deal for Canadian benchmark transition
Canada is one of many countries moving away from opinion-based benchmarks like Libor in favor of alternatives based on observable trade data. TMX and CanDeal are working to deliver a new rate which will take over as Canada’s official loan benchmark next…
Bank-backed Versana takes aim at syndicated loan tech
Born from a consortium that includes JP Morgan and Bank of America, Versana aims to bring up-to-date and permissioned data to the syndicated loan market—the first step to a more transparent and faster operating market.
Project Octopus becomes Octaura, killing BofA’s Instinct platform and Citi Velocity trading protocol
Backed by the banks in the Project Octopus consortium, the new, independent company will launch this year with a focus on new trading protocols and integrated data analytics. At the same time, Bank of America will sunset its single-dealer loan trading…
This Week: Bloomberg; Charles River, DTCC, SmartStream & More
A summary of the latest financial technology news.
People Moves: Digital Asset, Coalition Greenwich, NZX, Symphony, and more
A look at some of the key "people moves" from this week, including J. Christopher Giancarlo (pictured), who joins the board of directors of Digital Asset.
This Week: LSEG/Quantile, Ice, Morningstar/Sentifi, SimCorp/FundApps, and more
A summary of some of the past week’s financial technology news.
Tradeweb adds ‘in-flight’ controls for European credit to AiEX
Users of the trading tool can now isolate and manage trade exceptions in real time.
MarketAxess builds out flagship e-trading platform for loans functionality
The platform operator plans to extend its all-to-all corporate bond trading expertise to the loan market, which lags other fixed-income instruments in both tech adoption and the level of transparency.
Show your workings: Lenders push to demystify AI models
Machine learning could help with loan decisions—but only if banks can explain how it works. And that’s not easy.
Waters Wrap: S&P-IHS Markit and the Land of Giants (Also, More on AML Tech)
Anthony provides some of his initial questions and thoughts following the S&P-IHS Markit deal. He also takes a second look at AML technology after getting some sage feedback.
Trade Finance as an Asset Class: Rough Seas Ahead
As global banks seek to promote trade finance as an investable asset class to the buy side, the sector’s lack of technology and data infrastructure have come to light.
SFTR Preparations Stifled by Data Availability
While the initial go-live date of SFTR is set for early 2020, data availability and legacy processes remain the leading roadblocks.
Loans Data Provider dv01 Launches Credit Risk Transfer Surveillance Service
The service will allow investors to perform deeper analytics on data from Freddie Mac and Fannie Mae.
Leading Swap Dealers Join DTCC-Euroclear Margin Transit Utility
DTCC can now focus on expanding coverage of the MTU with the addition of leading dealers.
BIAN to Add Wholesale Banking APIs
The association will add new APIs based on the demand and feedback of its members.
Publicis.Sapient Adds NPL Support to European DataWarehouse
Publicis.Sapient’s latest additions to the European DataWarehouse support EBA-mandated data templates for non-performing loans, making the asset class more transparent and accessible.
Thomson Reuters LPC, DealVector Ally for Bond Messaging
The integration will give LPC clients access to liquidity on DealVector's platform, and give DealVector clients access to data adn news from LPC.
Grim Rituals and Bad Omens
Disaster recovery and business continuity plans take center stage in 2017
Orchard Launches Platform Connecting Lenders and Investors
The platform, Deals, offers a marketplace environment for lenders to look for investors.