Buy-side drives growth in CLS FX settlement
CLS says that asset managers are more focused on mitigating settlement risk as it sees uptake in clients using its CLSSettlement service.
Post trade
LCH adds five currencies to non-deliverable interest rate swaps
Bank of America Merrill Lynch, JP Morgan and Standard Chartered are among the first financial institutions to clear the new derivatives at LCH.
ESMA approves DTCC’s trade repository as Bloomberg withdraws registration
DTCC gained approval back in 2013, along with counterparts Regis-TR, UnaVista, CME and ICE.
UK and US sign post-Brexit derivatives trading and clearing agreement
Regulators have agreed on measures to provide a “bridge over Brexit” for derivatives trading and clearing in the UK and US.
Nomura to provide Japanese funds access to CLSSettlement
The introduction of Japanese funds onto the FX settlement service follows a multi-year effort to onboard the Japanese buy-side community to CLSSettlement.
Eurex Clearing adds Bloomberg US SEF, UK MTF as regulated swap trading venues
Eurex Clearing and Bloomberg extend cooperation for interest rate swaps clearing.
Baillie Gifford automates global trade processing
Baillie Gifford has chosen software specialist corfinancial to help automate its post-trade processing and settlement.
Europe to recognise LCH, ICE & LME as CCPs in ‘no-deal’ Brexit
ESMA has been making plans to prepare for a ‘no-deal’ scenario ahead of Brexit, with disruption to clearing being one of the biggest concerns.
Eurex clears first OTC derivatives for US end-client
Citi was the first US bank to offer client swap clearing through Eurex, and eight funds have joined Citi to use the service.
Citi and HSBC automate FX prime brokerage novation with Capitolis
Capitolis launched its novation platform last year in partnership with major firms including Citi, HSBC, Brevan Howard and BlueCrest.