OCC selects former State Street and Nomura exec for new risk chief
New chief risk officer at the OCC brings over 20 years of experience to the role, after serving in similar positions for both State Street and Nomura.
Post-Trade
Gresham Technologies to acquire post-trade automation FinTech Electra Information Systems
The acquisition of Electra Information Systems will double Gresham’s customer base and strengthen its cloud and delivery capabilities globally.
JP Morgan and SimCorp set up front-to-back-office integration to streamline investment operations data
The integration aims to tackle costly fragmented investment and post-trade processes that contribute to operational risks such as high settlement trade fails.
EuroCCP to provide clearing for Euronext Oslo Growth Market
The extension by EuroCCP to clear Norwegian growth stocks remains subject to regulatory approval and is expected to launch on 28 June this year.
LCH appoints former RBS FX global trading head to lead ForexClear
New head of ForexClear has previously worked in FX trading at major institutions including RBS where he was global head of FX trading until 2016.
Morgan Stanley joins ICE Futures Abu Dhabi as clearing member
ICE Futures Abu Dhabi now has 29 exchange members and 22 clearing members following the addition of Morgan Stanley.
Clearing post-Brexit: What happens now?
Following the UK’s official exit from the EU single market, regulators on both sides of the Channel appear to be splitting on post-trade regulations. What are the potential consequences of this on the post-trade industry, asks Joe Parsons.
JP Morgan first to use integrated Baton Systems shared ledger collateral workflow at LCH
Baton Systems and LCH confirmed that JP Morgan will be the first participant to manage its collateral at LCH using the newly integrated shared permissions ledger platform.
Deutsche Börse fully acquires Clearstream Fund Centre for $429 million
By acquiring the remaining stake from UBS, Deutsche Börse becomes the sole shareholder in the company, after acquiring a 51% share in September.
Barclays offers client clearing through LCH ForexClear
After launching client clearing at ForexClear, Barclays was the first bank to process a client trade through LCH’s international clearing broker model.