The TRADE

DECEMBER 18, 2023

The Cloud is increasingly the primary choice of deployment for post-trade workloads and trading, a new Nasdaq paper has found, with market readiness one of the factors driving the adoption.

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The TRADE

FEBRUARY 29, 2024

The London Stock Exchange (LSEG) saw overall growth across its key businesses in 2023, with considerable improvement across data and analytics, capital markets, and in particular, post-trade. year-on-year increase, while capital markets saw a 6.1% In capital markets, the 6.1% rise year-on-year as compared to 2022.

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The TRADE

MARCH 7, 2024

Attendees at the FIX EMEA Trading Conference said T+1 is the greatest regulatory headache currently within financial markets, though 70% of the audience said they will be ready for the acceleration of settlement times come May. The market needs to move together,” emphasised one panellist.

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The TRADE

DECEMBER 27, 2023

The post Qatar’s Edaa postpones T+2 switch until March appeared first on The TRADE. The Philippines went from T+3 to T+2 on 24 August 2023, while Mexico plans to move to T+1 next year, and other Caribbean and South American countries are pondering aligning with their regional counterparts.

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The TRADE

SEPTEMBER 14, 2023

A third of post-trade firms are operating with legacy platforms more than a decade old, with budgets being dominated by maintenance and upgrades over investments in replacements and transitions, new research has found. The post New study of post-trade ecosystem shows pain of legacy systems appeared first on The TRADE.

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The TRADE

MARCH 7, 2024

A panel of experts hailing from regulatory bodies across the globe gathered today at the FIX EMEA Trading Conference to unpack what themes should be at the fore of market participants’ agendas. It goes back to the interesting point that actually a markets are incredibly interconnected [and] it talks to the whole trade life cycle.

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The TRADE

APRIL 3, 2024

The Bank of England (BoE) and the UK Financial Conduct Authority (FCA) are working together to operate a new Digital Securities Sandbox (DSS) – a regime that will allow firms to use developing technology in the issuance, trading and settlement of securities. The closing date for responses is 29 May 2024.

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The TRADE

JULY 4, 2024

Do you expect more volatility due to the significant number of elections taking place in 2024? Most elections have only a modest impact on financial markets, mostly limited to their local market. Our research actually shows that even US presidential elections have on average little impact on financial markets.

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The TRADE

JUNE 17, 2024

As part of the move, Marex will become a member of LCH’s SwapClear service on 15 July 2024, subject to final approval. Client clearing of interest rate swaps expands Marex’s existing clearing memberships spanning across energy, commodity and financial markets.

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The TRADE

MAY 15, 2024

Since the pandemic, the CSE has undertaken several significant developments, including the introduction of regulated short selling in November 2023 and stock borrowing and lending in March 2024, followed by the adoption of an equity T+2 settlement cycle in June 2024.

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The TRADE

OCTOBER 5, 2023

Any potential move to T+1 will require collaboration from a broad range of industry stakeholders, with the ultimate objective of making EU securities markets safer and more efficient.” The watchdog will consider the feedback during the first quarter of 2024, with the intention to publish a final report in Q4 2024 at the latest.

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The TRADE

DECEMBER 15, 2023

ESMA did, however, highlight that the reduction of time available for post-trade processes would be even more acute if the EU was to move to T+0. ESMA stated that will publish and submit to the European Commission (EC) a feedback report with its main findings in the course of 2024.

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The TRADE

JUNE 26, 2024

CME Group has enhanced its partnership with Google Cloud as it plans for a new private cloud region and co-location facility in Illinois aimed at bolstering its markets offering for futures and options. Read more: As cloud adoption across the market continues to rise, is the shift of liquidity itself next to follow?

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The TRADE

APRIL 30, 2024

Over the past two decades, several critical financial market regulations have been implemented globally, particularly in response to the 2008 Global Financial Crisis (GFC). The years following 2008’s GFC experienced continued financial regulatory reform.

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The TRADE

JANUARY 4, 2024

In a letter to ESMA, the Association for Financial Markets in Europe (AFME) was against the immediate shift to T+0, stating: “We emphasise that we do not consider a default T+0 settlement cycle for securities transactions to be a realistic or desirable near-term policy objective.” to just over £2.6 asset-backed securities)”.

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The TRADE

MARCH 4, 2024

ICMA commented that progressive penalties introduces unnecessary stress to a market that is most likely already facing liquidity challenges. ESMA said the feedback it receives will feed into its technical advice, which is expected to be sent to the European Commission by the end of September 2024.

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The TRADE

DECEMBER 13, 2023

The UK’s Accelerated Settlement Taskforce is aiming to publish its report and recommendations on shortening the cycle to T+1 in January 2024, The TRADE’s sister title Global Custodian has learnt. The post UK settlement taskforce to deliver T+1 report in January as timeline debate rumbles on appeared first on The TRADE.

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The TRADE

NOVEMBER 28, 2023

Testing for T+1 commenced from Monday 14 August and will run until the implementation date at the end of May 2024. In 2022, DTCC began working with the T+1 Industry Working Group (IWG) – which was comprised of representatives from all impacted market segments – to begin developing a T+1 test approach.  

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The TRADE

SEPTEMBER 18, 2023

The TRADE reported on 14 August that the testing period for the shift to T+1 settlement in the US had officially begun. The critical window – set to run until the planned implementation date at the end of May 2024 – is a crucial opportunity for the industry to iron out any creases, of which there are many, before the transition is completed.

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The TRADE

MAY 24, 2024

The onus is now on these providers to alleviate any workflow issues that may arise for buy-side firms looking to trade around the time of the cut offs – of which there are many. The idea that more trades might be settled bilaterally also increases the counterparty risk that regulators have been looking to avoid across the industry.

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The TRADE

MAY 29, 2024

Innovation is inevitable as market participants continually seek to enhance their operations across the board, and stock exchanges and trading venues are perhaps some of the most prominent advocates of embracing emerging technological advancements.

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The TRADE

OCTOBER 6, 2023

In comparison with the US, China, Japan and some of the MENA markets, European traded volumes went from representing around 15% over that universe in 2018 to just about under 10% today. Regulators are focusing on a broad range of areas already, but regulation alone will not boost the market.

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The TRADE

JANUARY 26, 2024

This year the market will see more generative AI use-cases go from pilots to production. Throughout 2023, we saw generative AI experimentation across the capital markets ecosystem. Capital markets firms will have to work harder to meet new AI talent demands. How are industry players adapting to AI developments?

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The TRADE

JULY 6, 2023

The buy-side are “aware and worried” as the US shift to T+1 looms closer and the testing phase begins globally, a panel held by the Association for Financial Markets in Europe (AFME) has said. As well as focusing on the US T+1 impact on European markets, subgroups are also reviewing whether the EU could and should move to T+1.

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The TRADE

OCTOBER 18, 2023

First up in our introduction to the distinguished nominees for Leaders in Trading 2023 Editors’ Choice Awards, we bring you the shortlist for Outstanding Exchange Group – one of The TRADE’s highly coveted and legacy awards for the exchange community.

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The TRADE

NOVEMBER 30, 2023

Anthony Attia The move is the next step in the business’ “Growth for Impact 2024” strategy and follows the expansion of its clearing activities to Euronext Brussels earlier this month. The move is paving the way for the continued expansion of Euronext Clearing with financial and commodity derivatives confirmed for Q3 2024.

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The TRADE

JANUARY 16, 2024

In addition, ESMA is set to assess the effectiveness of a CT for shares by 30 June 2026, which includes consideration of the potential to add additional features to the equity pre-trade tape. While the EU has agreed to a real-time pre- and post-trade consolidated tape (CT) for equities – the devil will be in the detail.

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The TRADE

OCTOBER 16, 2023

Despite a huge amount of focus on the US move to T+1 and Europe potentially following suit, the broader notion of tackling settlement inefficiency remains a top priority for all post-trade participants, experts have opined.

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The TRADE

JULY 4, 2023

The watchdog’s focus will be on a single consolidated tape provider per asset class, which could help ensure that associated data costs remain low alongside addressing the existing fragmentation of post-trade transparency data. The UK tape’s revenue and sharing model and its inclusion of pre- and post-trade data have not yet been confirmed.

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