Goldman Sachs and JP Morgan sign up to new OSTTRA service to mitigate risk and costs in OTC derivatives
OSTTRA's new TriOptima: triBalance Credit service optimises risk exposures on a multilateral basis for investment banks.
Post-Trade
LCH welcomes European Commission’s planned extension to CCP equivalence
European Commissioner intends to minimise short-term risk of disruption through the extension.
Euronext to cut ties with LCH and move clearing to Italian CCP following merger
Earliest date for derivatives clearing deal to end is 2024 under the 10-year deal signed in 2017, as LCH shrugs off impact of the break-up on its business.
Trading in meme stocks tested the resiliency and capacity of markets, SEC report concludes
The SEC's investigation into the market volatility caused by trading in GameStop stock back in January, raises questions about the market efficiency of short selling and the possible effects of acute margin calls on thinly-capitalized broker-dealers.
DTCC to offer CSDR penalty calculation service for failed trades
New service will also flag transactions that are in scope for CSDR, providing users with the ability to identify priority work prior to Settlement Date.
FICC to pay $8 million for inadequate risk management policies
Securities and Exchange Commission found that FICC’s risk failings could’ve resulted in significant costs for participants and the wider US financial system.
SBI Securities partners with Broadridge to centralise settlement operations
The move will allow SBI to automate operations across its business lines.
Euroclear experiment confirms blockchain as suitable technology for post-trade market operations
Commissioned by Banque de France and led by Euroclear the experiment included input from consortium of institutions.
Intercontinental Exchange sells its stake in Euroclear to Silver Lake
Global exchange group sells investment in Euroclear three years after doubling stake.
HSBC launches open architecture post-trade platform to offer third-party services
The approach will allow clients to choose and connect to their preferred service providers, with the ability to select products and services best suited to their needs.