DTCC’s blockchain for CDS trades finds no takers
Sources say the industry is not yet ready to fully adopt wide-scale implementations of distributed-ledger technologies.
Chill winds blow for Capitolis’s equity swap platform
The fintech’s effort to revive off-balance-sheet funding runs into market and regulatory turbulence.
Will there ever be one TR to rule them all? No chance…
A wave of regulatory reviews is renewing interest in unified data repositories. But Josephine says a centralized utility for trade reporting is never going to happen.
Pick a lane: Anna DSB to rival CDM coded swaps reporting?
Dual machine-executable rules are set to create choice—and maybe bifurcation—for swaps reporting
Finos will host common domain model for Isda, Isla and Icma
The non-profit will provide a neutral, open-source repository to help the trade associations govern and maintain the CDM.
Banks eye ‘nirvana’ in machine-executable swaps reporting
Coded reporting requirements could save banks “millions” in compliance costs, bank execs say.
Ion expands into OTC markets with Clarus deal
With the deal, the tech titan adds real-time swaps margin analytics to its post-trade services for listed derivatives.
Confusion remains over SEC’s market data efforts
Jo ponders some of the important pieces of the regulator’s National Market System modernization that remain obscure.
Capitolis to acquire LMRKTS
Deal for multilateral compression provider latest in wave of post-trade tie-ups, as SA-CCR bites
Broadway Technology 2.0: Post-Ion split, the vendor reimagines its future
Broadway will look to build out its fixed income trading workflows, grow its as-a-service offering, lean into the low-code movement, while considering new asset classes to expand into—all while once again competing with Ion.
This Week: Bloomberg, Ice, DTCC, & More
A summary of some of the past week's financial technology news.
People Moves: Bitvore, KX, Wolters Kluwer, Neuravest & more
A look at some of the key people moves from this week, including Elizabeth Pritchard (pictured), who joins Bitvore as CEO.
Symphony suspends Sparc pending registration talks with CFTC
The comms provider may have to register its RFQ workflow and messaging tool as a Sef, or perhaps permanently shut down the business line.
IHS Markit soft launches more Risk Bureau capabilities ahead of Libor transition
The newly-acquired data giant targets the sell side with a suite of new risk-based applications meant to help banks with the transition from Libor, which is expected for the end of this year.
CDS trading remains stubbornly human
Buy-sider traders remain skeptical of the benefits of algo execution for credit derivatives.
Utility is success? Row brews over futures post-trade workflows
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.
OTC FX options market gears up for faster electronification
The share of electronic trading in the market remains low, but a host of factors promise to change that for good.
Fulcrum AM Looks to Quantify ESG Risk by Honing Hard Numbers
ESG risks will become part of investment and risk management processes across all funds at the firm.
Isda 'Create' Marks Important First Step Toward Smart Contracts
WatersTechnology goes inside Isda Create to see how the organization is aiming to bridge the gap between the worlds of paper contracts and legal data.
Stevens Institute, Capco Lay Out Commercialization Efforts for New Artificial Exchange
The platform will initially target the HFT crowd, as well those looking to better understand market microstructure in equities.
Swap Data Proposals Raise Existential Questions
Regulators around the world collect massive amounts of data, but Jo wonders if there’s any point to these efforts if they can’t use it?
GLMX Looks to Sec Lending and Swaps for Electronification
The platform provider is looking at opportunities in securities lending and swaps, as it pursues expansion in Europe.
Barclays: The Future of Post-Trade is a Common Utility Platform
Financial firms are pushing for a distributed market infrastructure model through efforts like Isda's Common Domain Model and distributed ledger technology.
DTCC Explores Gatekeeper Role for DLT Networks
Post-trade company looks to stay ahead of DLT curve with plans to act as CCP for firms trading on permission-based blockchains.