Sell-Side Technology/News
Ringkjøbing Landbobank Selects SmartStream for Corporate Actions
Ringkjøbing Landbobank, based in Denmark, has chosen SmartStream Technologies' TLM solution for the processing of corporate actions, the vendor has announced.
Thomson Reuters Signs 21 Banks for Nepalese FX Platform
Information and technology vendor Thomson Reuters has announced that 21 banks have signed up for its Thomson Reuters Dealing foreign exchange (FX) platform.
Moscow Exchange Implements T+2
Moscow Exchange has announced that it will settle securities on a T+2 basis, or two days after trade date, starting today.
Instinet Buffs Bramham for Asia Head Role
Agency-only broker Instinet has selected Shaun Bramham as its regional head of Asia-Pacific, replacing Glenn Lesko, who is returning to the US.
HKMEx Taps FFastFill for Trade Allocation
The Hong Kong Mercantile Exchange (HKMEx) has integrated FFastFill's software-as-a-service (SaaS) technology for straight-through processing (STP) support for trade allocation, clearing and settlement.
IPC Shifts Models with Managed Services Introduction
Trading communications technology provider IPC has developed a new dedicated business unit with 50 staff, which will cover a range of functions from monitoring and voice recording analytics to incident management.
Squawker Selects BNP Paribas for Settlement Role
Block-negotiation venue Squawker has announced that BNP Paribas Securities Services will serve as its central settlement provider, ahead of a planned launch in April.
ASIC: HFT Not to Blame for Price Swings
The Australian Securities and Investments Commission (ASIC) has denied that high-frequency trading (HFT) is damaging the quality of the markets in Australia and instead blamed dark liquidity for negatively impacting prices.
OTC Reporting Rules Commence in Europe
Tough new rules on the levels of disclosure required for over-the-counter (OTC) derivatives trades begin in Europe today, aimed at bringing transparency to a formerly opaque market.
Lombard Risk, AcadiaSoft Embark On Collateral Management Alliance
London-based Lombard Risk Management and AcadiaSoft, a provider of collateral management technology and services based in Pembroke, MA, have announced an electronic collateral messaging collaboration.
ASIC Proposes OTC Trade Repositories
The Australian Securities and Investments Commission (ASIC) has released a consultation paper proposing the establishment of a trade repository regime for over-the-counter (OTC) derivatives.
Swift Opens Kuala Lumpur Office
Financial messaging provider Swift has opened a new office in Kuala Lumpur.
US Banks to Support LME Self-Clearing Platform
The London Metal Exchange (LME) has announced that Citi, JPMorgan and Bank of America Merrill Lynch (BAML) will provide infrastructure to its LME Clear platform.
DGCX Launches New Trading Platform
The Dubai Gold and Commodities Exchange (DGCX) has announced that the EOS Trader Platform has gone live, completing its planned technology upgrade schedule.
Bombay Exchange and Eurex Reach Tech Sharing Pact
Eurex Group and the Bombay Stock Exchange (BSE) will deepen their strategic partnership through a long-term technology alliance under which BSE will join the Eurex technology roadmap and deploy Deutsche Börse Group's trading architecture in a first step.
Gensler Rebuffs Regulatory Reach Critics in FIA Keynote
US Commodity Futures Trading Commission (CFTC) chairman Gary Gensler has defended elements of the Dodd-Frank Act over perceived extra-territoriality, in his keynote address to the Futures Industry Association's (FIA) annual conference in Boca Raton,…
Torstone Readies Inferno for FTT
London-headquartered Torstone Technology has announced that it has prepared its Inferno post-trade processing solution for Financial Transaction Tax (FTT).
Singapore, Korea Exchanges Collaborate for OTC Clearing
The national exchanges of Singapore and Korea are collaborating on the development of clearing capabilities for over-the-counter derivatives.
DTCC To Establish Japanese OTC Trade Repository
The Depository Trust and Clearing Corporation (DTCC) has received approval from Japanese regulators to launch the first trade repository in the nation for the reporting of over-the-counter (OTC) derivatives trades.
US Swap Clearing Officially Begins
The US Commodity Futures Trading Commission (CFTC) announced yesterday that mandatory clearing had begun for certain swap trades entered into after March 11, 2013.
Drumm Role Heralds Broadridge's APAC Expansion
Lake Success, NY-based Broadridge Financial Solutions has appointed James Drumm senior director, strategic account sales for Asia-Pacific. Drumm will be responsible for generating new business sales for a range of Broadridge solutions in the Asia-Pacific…
NICE Anticipates CFPB with New Ops Compliance
Israel-based NICE Systems says its Proactive Compliance Suite will help firms manage future new rules from the Consumer Finance Protection Bureau rules, mandated as part of the Dodd-Frank Act.
Bennett to Expand Western Business at Cleartrade Exchange
Cleartrade Exchange, the Singaporean futures exchange, has appointed Chris Bennett as its new head of business development for EMEA and North America.
Fidessa Unleashes Market Abuse Monitor for Europe
UK-based vendor Fidessa has announced the release of the Market Abuse Monitor surveillance tool for its sell-side clients in Europe.