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Our partnership with Aladdin represents a pivotal evolution for Saphyre, building on our already extensive network of top-tier investment managers and financialinstitutions, said Ray Shivers, COO of Saphyre. The post BlackRock to streamline Aladdin operations through Saphyre tie-up appeared first on 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.
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.
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.
During the last few years, there has been a notable increase in financialinstitutions 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.
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.
Users of Calypso include: banks, insurers, and other global financialinstitutions 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 financialinstitutionstrading OTC derivatives are (..)
Universal FX will allow clients – who often manage portfolios across several providers – to avoid inconsistent FX execution by allowing them to manage their whole portfolio, despite where they custody, prime broker or settle trades.
Investors are spending hundreds of millions of dollars on FTX bankruptcy claims, betting that the firm’s new leaders will recover the money that Sam Bankman-Fried misappropriated.
A seasoned inflation trading specialist has been selected to join MUFG EMEA to head up its inflation trading operation, based in London. Dariush Mirfendereski has been appointed head of inflation trading as part of MUFG’s rates trading team.
BNY Mellon has launched a new white labelling service for its LiquidityDirect platform, offering financialinstitutions a liquidity management solution for their end clients. Morgan Stanley Investment Management (MSIM) will be the first financialinstitution to adopt the new white labelling service offering.
Federal prosecutors found at least one employee at the Wall Street firm had committed deceptive practices in handling trades of large blocks of stock from 2018 to 2021.
The TRADE understands that BlackRock has taken a minority investment. The post BlackRock and Citadel Securities back new Texas-based challenger exchange appeared first on The TRADE. The new exchange is now setting out plans to file for registration with the US Securities and Exchanges Commission (SEC).
Regulators, which rely on the bank for information that helps prevent insider trading and market manipulation, said customer data from around 30 platforms was missing.
Time to End the Trade Tagging Blame Game Tagging trades to the correct Master Agreement – also known as legal agreement linkage, master agreement stamping, or trade stamping – is a fundamental process for financialinstitutions engaged in derivatives trading.
Economies focused on exports have lifted millions out of poverty, but epochal changes in trade, supply chains and technology are making it a lot harder.
Under the SEC’s final rules, an entity would qualify as a dealer or government securities dealer if they regularly express trading interest as close to the best price on both sides of the market for the same security, or earn revenue primarily from capturing bid-ask spreads or from capturing incentives offered by trading venues.
The digital asset derivatives trading arm of Wintermute Group, Wintermute Asia, has completed the integration of its spot and contract for differences (CFD) liquidity into the oneZero ecosystem. oneZero works over multiple asset classes, offering trading technology for banks and financialinstitutions.
Banks have signaled that they will stop working with the company’s American branch, it said, after the Securities and Exchange Commission sued it this week.
Named Smart Markets, the new service will transform Euroclear’s data into interpretable insights to detect market movements, enhance trading models and build informed strategies. Demand for market data from financialinstitutions continues to rise, and with that, data quality and the ability to interpret large volumes of data has become key.
In celebration of International Women’s Day (IWD) 2024, The TRADE is delighted to bring you this webinar on Wednesday 13 March from 2-3 pm GMT, celebrating gender diversity milestones achieved by the financial industry and examining where there remains work to be done in order to achieve it. appeared first on The TRADE.
Sam Hewson – previously global head of digital FX solutions and EMEA head of corporate sales and solutions (CSS) – has been appointed global head of FX sales, effective immediately, according to an internal memo seen by The TRADE. The post Citi promotes from within for newly created global head of FX sales role appeared first on The TRADE.
In a panel discussion at the SA Trade Connect conference in Cape Town, South Africa, panellists discussed the outlook of the broking business model, emphasising that South Africa is at a key watershed moment that will determine where the country lands. The trading venue landscape is changing in South Africa.
The Securities and Exchange Commission (SEC) has adopted major rule changes for the $26 trillion US Treasury market requiring more trades to be centrally cleared. Bottom line: most repo must be cleared; Treasury trades between dealers must be cleared; dealer and customer margin must be kept separate.”
Next up in our introduction to the distinguished nominees for Leaders in Trading 2023 Editors’ Choice Awards, we bring you the shortlist for Outstanding Non-Bank Electronic Liquidity Provider, showcasing excellence in liquidity provision outside of the traditional sphere. billion compared to € 2.8 billion the previous year.
Jupiter has become the latest firm to join Saphyre’s network of financialinstitutions utilising the fintech’s platform. Stephen Roche As part of the move, Jupiter will leverage Saphyre’s platform for the onboarding and maintenance of its trading relationships with brokers and custodians. Saphyre’s automated intelligence enables onboarding (..)
According to CobaltFX, the move is indicative of a trend among financialinstitutions seeking to optimise the disbursement of credit for FX trades and to improve market access and control. I.e. leveraging tech to enhance market stability,” said Andrew Coyne, founder of CobaltFX.
As part of the move, Mizuho Bank will be able to benefit from SwapAgent’s offering including centralised trade processing and optimisation. The post Mizuho becomes latest member to join LCH SwapAgent appeared first on The TRADE. In February, TD Securities joined LCH SwapAgent as first Canadian bank member.
Once live, the system will be available to financialinstitutions across the EU and Switzerland. The post BME unveils new FX settlement system appeared first on The TRADE. Going forward, BME confirmed that it is also working on other initiatives aimed at increasing its presence across the FX landscape.
Using Tradefeedr’s unified data API, clients of TD Securities will be able to access and analyse all their trading data, increasing transparency and engagement for all parties. Trading data from TD Securities will flow to the Tradefeedr platform automatically making TCA, client analysis, comparisons and benchmarking more consistent. “We
Integrated trade and communications surveillance has seen a 100% increase over the last year as regulators continue to ramp up enforcement actions, a SteelEye report has found. The report’s findings come as regulators up their enforcement actions related to communications and trade surveillance on both sides of the Atlantic.
The bank has processed its first NDF trade through the service and becomes the third new clearing member to join LCH ForexClear in the past 12 months. As we continue to expand our offering to financialinstitutions globally, following the addition of two new members from Asia and Europe in 2023. “As
According to an internal memo seen by The TRADE at the time, the newly created position “brings together FX corporate and financialinstitutions sales”. The post Citi hires from within for new global head of FX product appeared first on The TRADE.
Swissquote – a Switzerland-based banking group specialising in online financial and trading services – has mandated BNP Paribas to provide execution-to-custody services as it seeks to reduce client risk, simplify workflows and increase operational efficiency.
By leveraging our extensive experience, SteelEye’s market-leading trade and communications surveillance solutions are ideally placed to enable financial firms operating in APAC to meet their regulatory obligations effectively.” The post SteelEye expands Asia-Pacific footprint appeared first on The TRADE.
We are equipping leading financialinstitutions with the capability to profoundly lower risks and operational expenses, while unlocking enhanced liquidity.” ” The post HSBC goes live on Broadridge’s distributed ledger repo platform appeared first on The TRADE.
SGX FX has unveiled the latest version of its artificial intelligence (AI) tool, giving financialinstitutions improved access to faster and more informed foreign exchange (FX) trading decisions. The post SGX FX releases updated AI offering to help bolster FX decision-making appeared first on The TRADE.
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