Tag: Clearing & settlement

Omgeo, a post-trade, pre-settlement trade management services provider, announced last week that ABP Investments (ABP), a pension fund, has gone live on Omgeo central trade manager (Omgeo CTM).

Deutsche Boerse Systems expands its communications network, which links clients across the globe to electronic trading, clearing and settlement systems with a new connection technology. From the end of May, dark fibre connections will be used between clients and Deutsche Boerse access points.

Achieving same-day trade matching of institutional orders is viewed by many in the Canadian securities industry as an opportunity to create best practices for market efficiency.

Although MiFID focuses primarily on trade execution services, Willy Van Stappen of Equiduct believes that new execution platforms need to take full account of the reality of the current clearing and settlement (C&S) environment if they are to provide a competitive end-to-end trading service.

IntercontinentalExchange (ICE), an electronic energy marketplace and soft commodity exchange, has announced its plans to build on its existing U.S. clearing operations with the formation of a wholly-owned European clearing house.

Wall Street Systems, a treasury, trading and settlement solutions and services provider, has announced the availability of new web-based functionality for its Wallstreet BackOffice solution.

Project Turquoise, the proposed multi-lateral trading facility (MTF) set up by seven leading investment banks to compete with the established stock exchanges, has appointed EuroCCP to handle its clearing needs.

Instinet Chi-X says it is now successfully trading, clearing and settling European equities. The pan-European equity alternative trading system (ATS) says the component stocks of the AEX 25 (Dutch) and DAX 30 (German) indices are all being traded, cleared and settled.

LCH.Clearnet says the UK Debt Management Office (DMO), the government debt raising agency, has joined RepoClear as a Clearing Member and Dealer.   The DMO’s responsibilities include debt and cash management for the UK Government, lending to local authorities and managing public sector funds.

Clearstream, the international central securities depositary within the Deutsche Boerse Group, is opening two new representative offices in Asia in Singapore and Tokyo. This is to better serve its growing number of Asian customers, the firm says.