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BlackRock to streamline Aladdin operations through Saphyre tie-up

The TRADE

Our partnership with Aladdin represents a pivotal evolution for Saphyre, building on our already extensive network of top-tier investment managers and financial institutions, said Ray Shivers, COO of Saphyre. The post BlackRock to streamline Aladdin operations through Saphyre tie-up appeared first on The TRADE.

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CobaltFX launches alternative FX messaging service to combat post-trade pain points

The TRADE

CobaltFX has launched an alternative post-trade messaging service to reduce risk in FX and combat the lack of competition in the market. According to Andy Coyne, founder of CobaltFX, a Single Point of Failure (SPoF) in FX post-trade messaging – created by market consolidation – poses a threat to the entire global financial ecosystem.

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New crypto trading venue aimed at banks and securities firms has launched as digital assets market infrastructure continues to evolve

The TRADE

RULEMATCH, a new crypto trading venue, serves banks and securities firms which are already active in the crypto market has launched, offering a combination of integrated, post-trade settlement and ultra-low latency for participants including hedge funds and high frequency traders.

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GFO-X names ABN AMRO Clearing, IMC, Standard Chartered Bank and Virtu Financial as strategic partners ahead of launch

The TRADE

GFO-X is the UKs first regulated and centrally cleared trading venue dedicated to digital asset derivatives. The trading venue stated that it has been working closely with these partners to deliver the requirements necessary to grow the institutional digital asset index futures and options market.

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Despite the dominance of voice trading, electronification is the natural path for Peru

The TRADE

During the last few years, there has been a notable increase in financial institutions and corporates in Peru accessing offshore liquidity through electronic platforms, with transparency and high liquidity for G10 currencies some of the main drivers that promoted an increase in market activity.

Trading 101
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LSEG sees double-digit growth across post-trade as exchange continues to reap benefits of acquisition push

The TRADE

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. LSEG labelled 2023 an “outstanding” year for post-trade, having seen significant strategic progress. rise year-on-year as compared to 2022.

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Nasdaq to process risk calculations up to 100 times faster through integration of AI

The TRADE

Users of Calypso include: banks, insurers, and other global financial institutions looking to process front-to-back office treasury workflows, manage risk, and meet regulatory reporting obligations.   Gil Guillaumey, senior vice president and head of capital markets technology at Nasdaq, said: “All financial institutions trading OTC derivatives are (..)