ITG agrees to $12 million dark pool settlement
SEC hands ITG $12 million fine for disclosing information on client activity within POSIT to HFTs and misleading investors on how the dark pool operates.
Tag: Settlement
DTCC builds DLT settlement prototype that can process 100 million trades per day
DTCC, Accenture, Digital Asset and R3 teamed up to build a US equity clearing and settlement system prototype.
ASX forced to delay implementation of blockchain settlement system
ASX is now looking to launch its new post-trade blockchain system in March or April 2021, rather than the end of 2020 as initially planned.
SIX unveils advanced plan for digital asset ecosystem
A fully integrated trading, settlement and custody infrastructure for digital assets is set to launch in 2019.
Majority say blockchain will completely change settlement model
Deutsche Bank survey reveals 75% expect widespread adoption of blockchain within the next three to six years.
Japan targets 2018 for T+1
The Bank of Japan continues to push ever shorter settlement cycle as other countries follow suit.
JP Morgan to close certain government securities settlement businesses
The move to withdraw from GCF repo settlement will affect around 30 broker-dealer clients.
Blockchain unlikely to solve settlement issues, says expert
Industry expert says settlement should not be the first problem solved with blockchain.
Banks defend against buy-side criticism of T2S
HSBC and Deutsche Bank representatives highlighted the benefits of T2S in response to criticism from the buy-side community.
Collateral failure costs could hit $27bn under new regime
A DTCC study suggests that collateral settlement failure costs are likely to soar when new rules come into force.