Major banks trade first €STR swaps cleared at Eurex
Eurex Clearing is the latest CCP to clear swaps trades referencing the euro short-term interest rate €STR.
Post trade
EU Commission confirms plans to extend temporary equivalence of UK CCPs
European Commission vice president, Valdis Dombrovskis, said in London today that the EU plans to extend the temporary equivalence for UK CCPs.
JP Morgan automates derivatives margin payments with DLT
JP Morgan has developed a DLT-based system to speed-up and automate post-trade margin payments.
Industry bodies urge EU to extend temporary equivalence of UK CCPs
AFME, FIA, ISDA and other trade groups have written to the European Commission seeking an extension to equivalence, due to expire in March 2020.
EuroCCP to clear trades on Frankfurt Stock Exchange
As of 11 November, EuroCCP will offer clearing in cash equities at the Frankfurt Stock Exchange and Xetra.
Market structure changes to shake up repo trading
Recent rule changes in the US during the past two years have to a major rise in aggregate cleared repo and reverse repo volumes.
Citi global operational risk management head joins CLS
Deborah Hrvatin joined Citigroup in 2017 after spending 22 years with Deutsche Bank in various senior roles.
Credit Suisse and Societe Generale adopt blockchain settlement platform for US equities
Paxos has been given the green light to launch its blockchain-based settlement service for certain broker-dealers, including Credit Suisse and Societe Generale.
DTCC names information chief to lead tech re-platforming
DTCC is undergoing a strategic re-platforming of its IT infrastructure and technology that supports clearing and settlement.
Asset manager and bank heavyweights call for major reform to clearing houses
BlackRock, Goldman Sachs, Allianz, JP Morgan and Vanguard are among those raising concerns about CCPs, urging regulators to take action.