The TRADE

JUNE 17, 2024

Nasdaq and the Indonesia Stock Exchange (IDX) have expanded their technology partnership which will see the former upgrade its core trading platform to Nasdaq’s most advanced matching engine. The post Indonesia Stock Exchange taps Nasdaq to build out market infrastructure appeared first on The TRADE.

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The TRADE

JUNE 14, 2023

Exchange and clearing house operator Cboe Global Markets is planning to introduce a central counterparty (CCP) clearing service for securities financing transactions (SFT) in Q3 2024. Settlement will take place in 19 European Central Securities Depositories (CSDs). European SFTs primarily occur on a bilateral basis and are not cleared.

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The TRADE

JULY 18, 2024

SpectrAxe and OSTTRA have partnered on an end-to-end service aimed at streamlining FX options trading through automation of the entire process. Patrick Philpott, product design lead, FX and securities at OSTTRA, said: “Automating the post-trade workflow is crucial for enhancing operational efficiency and reducing risk.

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The TRADE

DECEMBER 19, 2024

The London Stock Exchange Group (LSEG) has gone live with historical analytics powered by Snowflake, offering clients greater detail on bond securities. The post LSEG launches historical analytics for bonds via Snowflake appeared first on The TRADE. million bonds with a 20 year look back period.

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The TRADE

APRIL 17, 2024

In response, the FSB has outlined eight policy recommendations aimed at strengthening the liquidity preparedness of non-bank market participants for margin and collateral calls across both centrally and non-centrally cleared derivatives and securities markets, including securities financing such as repo.

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The TRADE

SEPTEMBER 6, 2023

FIA Tech’s Trade Data Network (TDN) is now certified with and connected to Singapore Exchange (SGX), with FIA Tech expected to roll out TDN connectivity to all SGX members subscribed to the network in Q4. The post FIA Tech connects Trade Data Network to Singapore Exchange appeared first on The TRADE.

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The TRADE

JANUARY 26, 2024

Blue Ocean Technologies (BOT) and Members Exchange (MEMX), have entered a technology partnership in which the latter’s market-as-a-service trading system will operate the Blue Ocean ATS global trading platform. Last year, BOT continued to expand globally with a focus on extending its trading model in Asia-Pacific.

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The TRADE

JUNE 13, 2023

BlackRock has promoted from within for its new head of European credit trading, according to an update on social media. Dean Catton has been selected to take the helm for the asset manager’s European credit business after spending the last two years as its head of European leveraged finance trading for its alternatives business.

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The TRADE

DECEMBER 14, 2023

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. Today’s adopting release addresses clearing of treasury securities in two important ways,” said Gary Gensler, SEC chair.

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The TRADE

OCTOBER 27, 2023

Marex has become a trading and clearing member of Singapore Exchange Group (SGX), which will allow the firm to offer direct trading and clearing services to clients across SGX. Marex’s clearing business offers infrastructure services to a range of clients including banks, hedge funds, asset managers, corporates and trading groups.

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The TRADE

OCTOBER 12, 2023

UK-based Marex has joined the Australian Securities Exchange (ASX) as futures clearing and trading participant with the move slated to increase competition within the currently heavily concentrated market. The post Australian Securities Exchange welcomes Marex as futures clearing participant appeared first on The TRADE.

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The TRADE

NOVEMBER 15, 2023

Citi has developed a new foreign exchange (FX) solution utilising blockchain infrastructure in order to price and execute bilateral FX spot trades. The offering supports cryptographically secure record-keeping of trade data and only counterparties to a quote or trade have access to underlying trade details.

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The TRADE

JUNE 26, 2023

The central clearing of securities finance transactions (SFTs) is not a new concept, it is one which has been tried before with varying degrees of success. The post Cboe outlines why its clearing service for securities financing transactions will succeed where others have failed appeared first on The TRADE.

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The TRADE

NOVEMBER 22, 2023

. “In today’s complex and fast-paced investment landscape, real-time performance attribution can provide transparency and clarity regarding the drivers of financial returns, particularly in portfolio construction and active risk management,” said Lars Ole Hansen, global product manager at SimCorp.

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The TRADE

NOVEMBER 24, 2023

The addition of these treasury bond futures will help regional and global investors interested in accessing China manage their interest rate and investment risks more effectively, according to HKEX. ” The post HKEX reveals plans to launch China treasury bond futures appeared first on The TRADE.

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The TRADE

SEPTEMBER 28, 2023

MEMX, the member’s exchange, has launched its platform for trading listed options following approval from the US Securities and Exchange Commission in August last year. MEMX Options will leverage MEMX’s data-centric exchange architecture and infrastructure, offering traders passive and active risk management capabilities.

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The TRADE

OCTOBER 10, 2024

Cboe Global Markets has announced new options on Cboe Volatility Index (VIX) futures which are expected to begin trading on Cboe Futures Exchange (CFE) on 14 October. Catherine Clay, global head of derivatives at Cboe The new options on VIX futures will offer investors an additional tool to help manage US equity market volatility.

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The TRADE

APRIL 8, 2024

Low-latency connectivity and workflow services provider TransFICC has launched a new service which automates request for quote (RFQ) negotiation workflows for banks trading on dealer-to-client (D2C) venues. TransACT claims to simplify the process and time to market for a bank to develop automated trading solutions for customers.

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The TRADE

JULY 25, 2024

As part of the move, Mizuho Bank will be able to benefit from SwapAgent’s offering including centralised trade processing and optimisation. In February, TD Securities joined LCH SwapAgent as first Canadian bank member. The post Mizuho becomes latest member to join LCH SwapAgent appeared first on The TRADE.

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The TRADE

APRIL 8, 2024

Clearing services will be provided through LCH SA’s new dedicated service, LCH DigitalAssetClear, for these contracts traded on the UK FCA regulated digital asset derivatives trading venue, GFO-X. LCH DigitalAssetClear is underpinned by a segregated default fund, a unique risk management model and dedicated set of clearing rules.

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The TRADE

JUNE 24, 2024

Intercontinental Exchange (ICE) is set to launch a clearing service for all US treasury securities and repurchasing agreements. However, ICE confirmed that the new offering will have a separate rulebook, membership, risk management framework, financial and liquidity resources, and risk committee.

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The TRADE

SEPTEMBER 5, 2023

FXCM’s institutional arm FXCM Pro has entered a liquidity bridging partnership with Tools for Brokers (TFB), an international provider of technology for retail brokers, prop trading companies and hedge funds. Brokers are also provided with data analysis and improved risk management through one user interface. “We

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Beyond M&A

MARCH 9, 2023

However, implementing AI solutions has inherent risks, including potential biases, data quality issues, and security vulnerabilities. Robustness and security AI models can be vulnerable to attack, making robustness and security critical considerations during AI due diligence.

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The TRADE

JUNE 4, 2024

The newly expanded clearing rules from the US Securities and Exchange Commission (SEC) will see daily Treasury clearing activity on DTCC increase by more than $4 trillion when they take effect, an industry survey has predicted.

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The TRADE

SEPTEMBER 19, 2023

BNY Mellon has selected Eurex as the f irst c learing house to centrally clear repo trade s in Europe , having already executed the first of these transactions. We are pleased to become a trading and clearing member at Eurex. Access to Eurex enhances our overall liquidity management tool kit.”

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The TRADE

SEPTEMBER 20, 2024

The new rule changes published by the SEC have been primarily driven by the need to enhance market stability and reduce systematic risk. They will bolster the security of the US Treasury market by mandating central clearing for eligible securities, such as repos and reverse repos, inter dealer broker transactions and other cash transactions.

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The TRADE

JUNE 12, 2024

With the size of transactions in the US Treasury market now exceeding $7 trillion daily, CCLF is will serve as a risk management tool used for managing FICC’s liquidity risk linked to settlement activity. The post DTCC’s FICC launches new contingency liquidity calculator appeared first on The TRADE.

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The TRADE

DECEMBER 5, 2024

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.

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The TRADE

JULY 10, 2024

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.

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The TRADE

JUNE 19, 2023

BlackRock promoted Dean Catton to take the helm for its European credit business after spending the last two years as its head of European leveraged finance trading for its alternatives business. Previously in his career, he spent several years in credit trading roles at StormHarbour Securities, UBS and Elgin Capital.

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The TRADE

JANUARY 31, 2024

These new indices will also function as benchmarks for AsiaNext’s crypto derivatives trading platform and institutional investors worldwide. The post SIX launches crypto reference rates and real-time indices for institutional investors appeared first on The TRADE.

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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.” asset-backed securities)”. to just over £2.6

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The TRADE

JULY 12, 2023

LCH – part of the post-trade division of London Stock Exchange Group – has announced that Barclays and Barclays Ireland are now live as clearing brokers at CDSClear. Two years later, the European Securities and Markets Authority reauthorised the CCP to clear the products under the European Market Infrastructure Regulation.

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Beyond M&A

DECEMBER 18, 2024

AI agent startups secured $8.2 From algorithmic trading and risk management to fraud detection and customer service, the applications are vast and varied. I have a simplistic view of the tech itself – an agent will perform a specific task it is built for, in a particular sequence, to provide a specific output.

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The TRADE

MAY 29, 2024

The guidelines currently exclude secondary trading activities. Designed to be asset class and technology-neutral, the DASCP does not advocate for any particular DLT architecture – be it public, private, permissioned, or public permissioned. To achieve these goals, we intend to put these principles into action.

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The TRADE

JANUARY 17, 2024

The post BIS committees unveil latest proposal for central clearing systems appeared first on The TRADE. BIS committees have teamed up to share collective insights on initial margin calculations and future requirements for centrally cleared transactions.

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The TRADE

AUGUST 23, 2024

The shortening of settlement cycles across markets and asset classes, combined with increasing trade volatility, is creating new pressures on manual operational processes for both buy- and sell-side participants across multiple trade lifecycle functions. AI has the potential to transform all stages of the trade lifecycle.

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