Post-trade
FCA grants APA approval to Abide Financial
Authorisation allows Nex Regulatory Reporting, powered by Abide, to provide enhanced services ahead of Mifid II
Former Deutsche COO Ritchotte invests in Cobalt
Deutsche Bank’s former chief operating officer bets on tech firm’s future success
e-FX Awards: Broadridge Financial Solutions - Best Post-trade Services Provider
Cost mutualisation is the biggest trend going forward in the post-trade space, says Broadridge's Chris Davis
Citadel Securities partners BestX for TCA
The first non-bank market-maker to allow clients to evaluate execution quality via BestX
Nex Optimisation rolls out settlement-netting service
The industry gains the first fully automated settlement-netting offering for over-the-counter FX
TriReduce hits $1 quadrillion in swaps compressions
Demand has been high as banks seek to lower exposures
Nex Group’s Knott untangles banks’ trade challenges
Post-trade business reorganises with a focus on cost cutting and simplification
Nex Group rolls out post-trade platform
Nex Infinity, created by Nex Optimisation, goes into production testing for FX and cash equities in July
Noble launches its first FX product
Noble FX provides real-time settlement and aims to solve the credit gap through peer-to-peer connectivity
Cobalt signs Citadel Securities and XTX, and gears up for go-live
Distributed ledger technology firm hires support staff, suggesting launch is approaching
MarkitServ sees tenfold hike in NDF clearing volumes
The firm is in a test environment with FX options and believes they are a candidate for Q4
Cobalt partners LMRKTS and launches BlueSky platform
LMRKTS to make compression algos available using Cobalt’s DL technology-based post-trade FX network
CLS extends payments-netting service to all global currencies
CLSNet, expected to go live in Q2 2018, will comprise 140 currencies
Ullink rolls out trade-reporting solution
The product will help clients to comply with Mifid II reporting requirements
Technancial and Ullink offer solution for clearing brokers
The newly launched product helps to monitor the trading activity of high-frequency trading firms using SDMA in near real-time
Tradition and LMRKTS deliver initial margin optimisation
The two firms conducted a live run, resulting in the processing of 132 sides of trades within eight minutes, nine seconds
CLS and TriOptima compress $1 trillion in forwards and swaps
The combined effort to reduce the size of outstanding portfolios crosses the $1 trillion mark in just over one year
FX central tape to launch end of Q2, but without banks
Participants to move ahead without banks amid rising demand from end-users for transparency and cost analysis
Galinov: exchange clearing is close
If a solution is revealed this year, costs will fall, volumes could rise and another ECN may be gobbled up by an exchange
RBS proves its operational mettle throughout 2016
RBS wins Best Bank for FX Post-Trade Services at the 2016 FX Week Best Banks Awards
Swift seeks to add more services to stay engaged with clients
Head of securities and FX says value-added services will be a focus in 2017
FCA approves Tullett Prebon acquisition of Icap's IGBB
Finalisation of the transaction remains contingent upon regulatory approval
CLS sees spike in input volumes as FX traders battle markets
Volumes in the Mexican peso were at 63 times average between 02:00 GMT and 03:00 GMT
CLS upgrades infrastructure channel for settlement members
A new member gateway based on Swift ISO standards is expected to save up to $500,000 per settlement member