Operations & Technology Archive

Progress on stress testing methodology by European central counterparties this week will demonstrate their ability to handle an increased range of instruments and strip away the need for domestic exchanges to impose their own criteria for interoperability, market participants have insisted. read more>

A set of technology decisions by NYSE Technologies, the commercial division of exchange group NYSE Euronext, and by US exchange operator BATS Global Markets is helping to strengthen the infrastructure behind North American securities trading. read more>

Dealers are turning to liquidity aggregation systems to keep their buy-side clients satisfied as the arrival of swaps execution facilities (SEFs), the new breed of exchange created under the US Dodd-Frank Act to trade OTC derivatives, draws closer to reality, according to a new report by financial research firm TABB Group. read more>

NYSE Euronext is planning to use Deutsche Börse’s Eurex Clearing as its central counterparty for European equities and some derivatives regardless of the outcome of the exchanges’ proposed merger, according to sources close to the situation. read more>

SWIFT has been awarded a licence by the European Central Bank (ECB) to provide connectivity services to TARGET2-Securities (T2S). The announcement follows a competitive tendering process run by the Banca d Italia on behalf of the Central Banks of the Eurosystem. read more>

Asset managers are opting for hosted order and execution management systems and full-service technology vendors as they look to lower costs and concentrate on their investment activities. read more>

Anglo-French clearing house LCH.Clearnet Group has appointed Lisa Rosen to oversee the firm’s regulatory and lobbying activities. read more>

Krajowy Depozyt Papierów Wartosciowych, Poland’s national securities depository, has prioritsed for 2012 the implementation of OTC derivatives clearing. read more>

Seasonal variations saw European equity trading volumes plummet to their lowest level in 24 months in December 2011. But trading surpassed the €10 trillion mark annually for the first time since the onset of the financial crisis at the end of 2008. read more>

A group of IT infrastructure vendors has come together to create a FIX Protocol solution aimed at latency-sensitive traders. read more>