Post-trade
Will there ever be one TR to rule them all? No chance…
A wave of regulatory reviews is renewing interest in unified data repositories. But Josephine says a centralized utility for trade reporting is never going to happen.
The newest trade repository in town preps for uphill battle
Ex-head of CME Group’s repository services looks to disrupt regtech with his startup, recruiting talent from market structure firms that have scaled back regulatory reporting businesses.
DLT could give FX its ‘Netflix moment’
Blockchain’s proponents say faster settlement times make the technology akin to TV’s streaming revolution.
People Moves: FactSet, Talos, Broadridge, and more
A look at some of the key "people moves" from this week, including Neal Pawar (pictured), who joins Talos as a strategic adviser.
Waters Wrap: ASX, Cboe and evolving exchange technology
As ASX’s Chess replacement project stalls yet again, Anthony wonders if the exchange is at risk of falling behind the likes of Cboe, Nasdaq and CME, which are making major investments in cloud technology.
Firms challenging Cusip file new lawsuit alleging antitrust violations, breach of contract
A broker-dealer and two investment managers have filed a new, joint complaint against the quartet of companies associated with management of the Cusip numbering system.
Retooling repo: How Broadridge, Bloomberg, Tradeweb, and JP Morgan are modernizing repurchase agreements
From brokers to trading platform providers, players in the repo market are focused on initiatives around reducing settlement fails, increasing automation, and streamlining operations.
Amid macro storm clouds, a silver linings playbook for fintech
Banks and VCs believe inflation and rising interest rates will result in winners as well as losers
Cloud and APIs begin to (slowly) permeate the post-trade space
As financial firms turn their attention toward modernizing the back office, how they approach these projects comes under new scrutiny.
MarketAxess completes migration of Deutsche Börse’s reg reporting businesses
The market operator has onboarded about 500 new clients and aims to create new revenue streams to ease the ongoing cost and margin pressures.
Europe could face settlement squeeze with T+1 proposals and CSDR fines
Move to shorten the settlement cycle in the US could have knock-on implications for other markets, as the EU grapples with a new penalty regime.
Federal court denies motion for early judgement on Cusip numbers’ copyrightability
A judge for the Southern District of New York has also ordered that two class-action suits brought against Cusip Global Services and its affiliates earlier this year be consolidated.
People Moves: TP Icap, ACA Group, BNP Paribas, Morningstar, and more
A look at some of the key people moves from this week, including Marie Luchet (pictured), who joins ACA Group as managing director of ESG.
If it ain’t broke, break it: Back-office tech reform may benefit front-office returns
Better data visibility across multiple systems could provide a driver for technological change in the world of post-trade.
This Week: Microsoft/CaixaBank, Bloomberg, Cboe/Morningstar & More
A summary of the latest financial technology news.
Development bank aims for better settlement with blockchain prototype
R3 is among the companies working with the regional bank on a proof-of-concept to bring efficiencies to cross-border securities transactions.
Is DLT post-trade a solution without a problem?
Sources question landmark projects' ability to use technology at scale as further delay besets ASX deployment
BlackRock calls for blockchain to fix futures processing snags
The asset manager wants the industry to move faster in adopting a “single source of truth” model.
Bank's corporate actions overhaul 'saves hours,' but industry still seeks elusive silver bullet
Although some market participants are trying to automate corporate actions internally, full STP is unattainable without end-to-end buy-in from all participants along the event lifecycle.
Plaintiffs in Cusips lawsuit argue the codes aren’t copyrightable
Firms file “aggressive” motion to have legal case resolved early, saying Cusip’s operators and owners have no basis to charge for the codes.
This Week: FIS/Microsoft, Bloomberg/MSCI, Higo/Tora, & more
A summary of the latest financial technology news.
This Week: Cboe, Ice, ABN AMRO/Temenos & more
A summary of the latest financial technology news.
Waters Wrap: Blockchain & Boca—A sad story
Anthony takes issue with how blockchain is still being covered in the media and at industry conferences. What else is new?
Goldman Sachs, DTCC execs dissect implications of SEC’s ‘ambitious’ settlement timeline
Conflicting time zones, potential re-papering, and weak standards are just some of the hurdles that must be overcome to move trade settlement times to T+1 or even to T+0—all potentially before Q1 2024.