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BlackRock and Citadel Securities have moved to support a new Texas-based contender exchange headquartered in Dallas. The new exchange is now setting out plans to file for registration with the US Securities and Exchanges Commission (SEC). The TRADE understands that BlackRock has taken a minority investment.
DBDX claims to provide a fully regulated, secure ecosystem for trading, settlement and custody of crypto assets, leveraging existing connectivity to market participants. The platform will also offer a suite of secure financial solutions for digital assets from a single point of access and across the value chain.
The calculator enables participants to evaluate potential margin and clearing fund obligations associated with becoming a member of DTCC’s Fixed Income Clearing Corporation (FICC) Government Securities Division (GSD). The post DTCC’s FICC launches new public-facing Value at Risk calculator appeared first on The TRADE.
Last week, the US Securities and Exchange Commission (SEC) adopted amendments to certain rules under Regulation NMS to amend minimum pricing increments and access fee caps, as well as rules to enhance the transparency of better priced orders. For odd-lot information, the compliance date will be the first business day of May 2026.
A full copy of the report can be found here. The post UK T+1 taskforce publishes recommendations ahead of proposed 2027 switch appeared first on The TRADE.
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.” asset-backed securities)”. to just over £2.6
The Securities and Exchange Commission (SEC) is in the process of introducing noteworthy rule changes to the clearing of fixed income securities, a development which is set to reshape the landscape for fixed income trading. For trading desks, the new rules will result in a range of operational and regulatory shifts.
billion by 2026. Within the MSP space, data security remains white hot. These platform MSPs subsequently trade at higher values. The market is expected to grow to $274.20 This implies the relevance and adoption of managed services are here to stay. Looking for more information? Curious how this applies to your MSP?
The shift to T+1 in the US can largely be described as a success – affirmation rates remain comfortably high, fail rates have stayed reasonably low and FX trades don’t appear to have shifted to bilateral settlement as feared. Depending on the day of the week or the settlement cycle used it’ll be more expensive to trade.”
Broadridge Financial Solutions has confirmed its preparedness to support new OTC derivatives reporting requirements by the Monetary Authority of Singapore (MAS) and the Australian Securities and Investments Commission (ASIC) expected to go live on 21 October.
The Investment Association (IA) has concluded that the UK, EU and Switzerland should transition to T+1 settlement on a date in Autumn 2026 after gathering views from its members. The post Asset management association pushes for Europe to switch to T+1 in 2026 appeared first on The TRADE.
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.
With today’s approval, it is now time for the European Securities and Markets Authority (ESMA) to define the technical standards. For a member state where PFOF is currently allowed, they will continue to be able to offer this until 30 June 2026, after which it will be phased out.
Additionally, Gensler emphasised the importance of same-day or T+0 allocations, confirmations, and affirmations, which are critical for the movement of securities and cash on T+1. When we proposed the rule in February 2022, only about two-thirds (68%) of transactions were being affirmed on trade day.
State Street has worked with the Japan Securities Clearing Corporation (JSCC) to assist the clearing house in adding USD cash to the eligible collaterals in its interest rate swap clearing service.
Euronext Amsterdam, Brussels and Paris are set to designate Euronext Securities as the central securities depository (CSD) for the settlement of equity trades from September 2026. Stephane Boujnah The three markets join Euronext markets in Lisbon, Milan and Oslo, which Euronext Securities already provides support for.
State Street has worked with the Japan Securities Clearing Corporation (JSCC) to assist the clearing house in adding USD cash to the eligible collaterals in its interest rate swap clearing service.
TheUS Securities and Exchange Commission (SEC) has officially extended the compliance dates for the Treasury clearing rule, by over a year, with changes now set to go live 31 December 2026 for cash markets and 30 June 2027 for repo.
The updated risk tools seek to support firms as they prepare for the expansion of US Treasury clearing in 2025 and 2026. The post DTCC’s FICC bolsters VaR calculator capabilities ahead of US Treasury clearing requirements appeared first on The TRADE.
The UK T+1 Accelerated Settlement Task Force (AST) has published its implementation plan for the UKs transition from T+2 to T+1 securities settlement. Market participants should start planning now ahead of the 2025 budget process for project funding in 2026. We have a date and a detailed plan for the way ahead.
The US Securities and Exchange Commission (SEC) has approved the Fixed Income Clearing Corporation’s (FICC) rule filings linked to access models and segregated accounts and margin. We will continue to work closely with our clients and key stakeholders on ensuring safe, smooth and successful implementations in 2025 and 2026.”
The European Commission (EC) has confirmed the EU derivatives consolidated tape tender process will begin in Q1 2026. In addition, Mifir states that OTC derivatives are subject to both pre- and post-trade transparency if they are denominated in euro, yen, dollars or sterling, among other factors.
I think it’s similar to 2024 to some extent, the main challenges are going to be political and macroeconomic uncertainties and how that will impact traders trading strategy. Financial products are different in EM than in developed markets where products are more electronic, with more high frequency trading, etc.
The UKs Accelerated Settlement Taskforce (AST) is recommending that the UK moves to the T+1 settlement cycle for securities on 11 October 2027 in line with its European counterparts. The post UK confirms October 2027 alignment with EU and Switzerland for T+1 transition appeared first on The TRADE.
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