TheTradeNews.com

Buy-side needs automated systems for swap clearing – TABB

Thu, 02 May 2013 16:24:07 GMT

Institutional investors risk higher margin requirements if they cannot eliminate errors when communicating swap transaction data to clearing houses, according to a new report from TABB Group.

BNP Paribas adjusts custody business to target Australian buy-side

Wed, 24 Apr 2013 12:47:52 GMT

Global custodian bank BNP Paribas Securities Services has adjusted its operations in Australia to drive closer engagement with buy-side firms, as it seeks to expand its share of the country's custody market.

GETCO’s GETMatched gets interoperable with EuroCCP

Wed, 24 Apr 2013 8:49:32 GMT

GETMatched Europe, the European dark pool owned by global market maker GETCO, is to offer interoperable central counterparty clearing via pan-European clearer EuroCCP, subject to regulatory approval.

ASX consolidates clearing position as competition looms

Thu, 18 Apr 2013 8:56:23 GMT

A clearing and settlement code of conduct released by Australia's incumbent exchange last week signals the venue operator will look to consolidate its current monopoly position before equities clearing competition begins in the country.

New tool improves buy-side collateral efficiency

Mon, 15 Apr 2013 17:04:43 GMT

Post-trade solutions provider Omgeo has launched a new tool that lets firms maximise their existing asset inventory for collateral when trading, ahead of new OTC derivatives rules.

Citi includes segregated accounts to collateral offering

Mon, 08 Apr 2013 14:22:39 GMT

Global banking house Citi will expand its custody offering to include segregated collateral accounts as central counterparties prepare to offer such accounts in line with new regulations.

Moscow Exchange embraces T+2 settlement

Mon, 25 Mar 2013 14:15:08 GMT

Moscow Exchange has formally begun shifting its settlement period to a T+2 regime, as it pursues initiatives to modernise its market and raise competitiveness.

Industry tie-ups seek to improve repo market efficiency

Thu, 21 Mar 2013 11:49:08 GMT

Global post-trade services provider Clearstream will link up with Bloomberg to improve trade processing for tri-party repurchase transactions, as market participants look to the repo market to quench their thirst for collateral.

Post-trade integration would buoy ASEAN markets

Wed, 20 Mar 2013 16:17:04 GMT

A review of options by Deutsche Bank for closer integration of clearing and settlement processes in the ASEAN region suggests that participating markets stand to benefit from a reduction in cost and risk.

Middle-office focus vital in achieving shorter settlement cycles

Tue, 19 Mar 2013 15:13:23 GMT

A new white paper from Omgeo suggests that, if achieved on a global scale, improved settlement efficiency could be one of the most positive examples of post-trade infrastructure reform since the onset of the financial crisis.

Aviva clears first IRS through CME Clearing Europe

Mon, 18 Mar 2013 10:45:50 GMT

The CME Group's European central counterparty has started clearing interest rate swaps in Europe, with a number of global banks successfully completing trades on the firm's platform.

Merged CCP takes fight to exchanges

Thu, 14 Mar 2013 14:30:10 GMT

Two of Europe's largest cash equity clearing houses today announced they will merge to offer market participants netting and reduced collateral obligations mandated by new regulation.

Clearing houses target buy-side swaps business

Thu, 07 Mar 2013 10:15:11 GMT

Anglo-French central counterparty LCH.Clearnet has reported increased buy-side clearing of interest rate swaps, ahead of new OTC derivatives rules due to take effect on 11 March.

Preparation for T2S uneven, says Celent/SWIFT report

Wed, 06 Mar 2013 14:33:39 GMT

As the deadline approaches for new European settlement regime TARGET2-Securities, many financial intermediaries are still getting to grips with their operational preparations.

Korea establishes framework for swaps CCPs

Tue, 05 Mar 2013 11:44:23 GMT

The Korean government has approved new laws that pave the way for central counterparties to clear OTC derivatives transactions, starting with interest rate swaps.

Australia commits to global standards

Wed, 20 Feb 2013 15:52:28 GMT

The Australian Securities and Investments Commission and the Reserve Bank of Australia have issued guidance outlining how the CPSS-IOSCO principles for financial market infrastructures apply to the country's clearing houses and settlement systems.

Treasury decision stunts Chi-X Australia clearing hopes

Tue, 12 Feb 2013 16:48:18 GMT

Chi-X Australia will be unable to reduce clearing fees for members after the Australian Treasury deferred clearing competition in Australian equities for two years. However, clearing competition for derivatives will be permitted.

Euroclear sets date for Russian post-trade services

Wed, 06 Feb 2013 11:58:34 GMT

Euroclear Bank will offer post-trade services for Russian government bonds from tomorrow through a link established with the National Settlement Depository, Russia’s central securities depository.

BNP Paribas joins SGX as clearing member

Tue, 05 Feb 2013 11:22:43 GMT

French bank BNP Paribas Securities Services is the latest firm to become a central depository clearing member at the Singapore Exchange.

UK CCPs granted temporary Basel compliance

Mon, 28 Jan 2013 16:31:43 GMT

The UK's Financial Services Authority has granted temporary approval to all clearing houses to operate as qualified central counterparties under Basel III, while it transitions to the new rules.

SGX prepares for new derivatives landscape

Wed, 23 Jan 2013 10:23:29 GMT

SGX claims it will be one of the first to adopt new international regulatory and risk management standards on derivatives clearing.

Managing the cost of clearing

Mon, 14 Jan 2013 11:53:15 GMT

As new rules governing swaps clearing draw closer, the buy-side will have to ramp up its engagement with clearing houses to find the right balance between the management of costs and risks.

BNY Mellon to bolster collateral tools with CSD status

Tue, 08 Jan 2013 16:56:37 GMT

BNY Mellon, an investment services provider, has launched a central securities depository in a move to redefine its role as a global custodian and meet the emerging regulatory landscape.

Poland begins OTC derivatives clearing

Wed, 02 Jan 2013 12:56:56 GMT

Poland's domestic central counterparty, KDPW_CCP, has from today started clearing OTC derivatives trades, as it prepares for new legislation that will come into force this year.

ESMA opens interoperability debate

Thu, 20 Dec 2012 10:54:20 GMT

The European Securities and Markets Authority has released a consultation paper on interoperability between central counterparties as part of its obligations under new derivatives legislation.

ASX closer to IRS clearing

Thu, 20 Dec 2012 10:02:40 GMT

The Australian Stock Exchange's plan to clear over-the-counter interest rate swaps came a step closer this week, as seven banks stepped forward to support the project.

SIX strikes deal for Norwegian clearer

Mon, 17 Dec 2012 10:49:10 GMT

SIX Group, the Swiss financial market infrastructure operator, has acquired Norway's Oslo Clearing, as central counterparties across Europe undergo expansions ahead of regulatory changes.

CME Clearing Europe offers collateral service via BNY Mellon

Thu, 13 Dec 2012 11:01:56 GMT

Multi-asset clearing house CME Clearing Europe has selected investment management services provider BNY Mellon to offer a tri-party collateral service to its members.

LCH.Clearnet eyes Australian derivatives clearing

Wed, 12 Dec 2012 11:31:03 GMT

Anglo-French clearer LCH.Clearnet has applied for regulatory approval to extend its OTC interest rate clearing service to Australia.

MarkitSERV transmits yen rates to JSCC

Tue, 04 Dec 2012 12:58:40 GMT

Electronic trade processing service MarkitSERV is now transmitting yen rates trades to Japan Securities Clearing Corporation through its global network.

NYSE Liffe adds interest rate futures to Bclear ahead of EMIR

Mon, 03 Dec 2012 16:40:27 GMT

Members of European derivatives exchange NYSE Liffe can soon confirm and clear bilateral interest swaps (IRSs) through the firm’s trade confirmation and clearing service, Bclear.

OTC swaps clearing made more efficient at SGX

Tue, 27 Nov 2012 10:57:10 GMT

The Singapore Exchange has enhanced the efficiency for clearing members by introducing an OTC compression service for Singapore dollar interest rate swaps.