Settlement
This Week: BNY Mellon/Milestone Group, IHS Markit, Broadridge/China Renaissance, and more
A summary of some of the past week’s financial technology news.
ASX automates corporate actions with issuer forms
The exchange group has completed the multi-year program aimed at standardizing data capture and message delivery using the ISO format.
Waters Wrap: The Symphony-Cloud9 tie-up hints at a new tune for the comms provider
Anthony talks with Brad Levy about the company’s acquisition of Cloud9, its plan for future acquisitions, the possibility of an IPO, his thoughts on Big Tech providers, and more.
Deutsche Bank leverages AI for securities services
The bank’s client segmentation offering creates more targeted post-trade offerings, while its prediction engine can help reduce settlement failures.
Shorter settlement cycles could hit non-US firms hard
As efforts continue to shorten the settlement cycle for US securities to T+1, market participants in Asia worry about the potential implications.
Despite client concerns, LSE’s new Sedol fees take hold
Under the new fee policy, some of the largest users of the LSE’s identifier codes could see their Sedol spend more than double, though the exchange says the “vast majority” of clients will see no increase.
This Week: Bloomberg, Ice, DTCC, & More
A summary of some of the past week's financial technology news.
Users clash with ASX over changes to its DLT settlement system
Industry groups and tech experts are worried that proposed last-minute changes will introduce new risks.
Not all digital securities were created equal
Cusip’s Matthew Bastian explains that a tokenized asset offering is not the same as other products that get tagged as being a digital asset. The differences are becoming more important as the capital markets industry continues to explore these new…
A kick in the privates: In-demand unlisted stock trading faces tech, transparency challenges
Private stocks are opaque, illiquid, behave differently from public markets, and lack the same infrastructure as public marketplaces, creating back-office integration challenges for firms that want to trade these stocks in a more liquid manner. But as…
Utility is success? Row brews over futures post-trade workflows
Futures market participants say standardizing trade allocations through a post-trade utility could prevent a repeat of the chaos seen in March 2020, when back-office systems fails resulted in thousands of trade breaks.
OTC FX options market gears up for faster electronification
The share of electronic trading in the market remains low, but a host of factors promise to change that for good.
This Week: DTCC, SIX-Orenda, Neuravest, Overbond, Quod, and more
A summary of some of the past week’s financial technology news.
Waters Wrap: Blockchain is Still Overhyped (And Ion/Broadway Thoughts & the Consulting Boom)
In 2016, Anthony wrote that the blockchain revolution was overhyped—unsurprisingly, his opinions have not changed. He also delves into the Ion-Broadway deal, and looks at new consulting/advisory firms that have recently come to market.
New DTCC Consulting Unit Embarks on First Project
The market infrastructure firm founded a new advisory service last month, which has begun its first client engagement to evaluate regulatory reporting.
Science Friction: Some Tire of Waiting for Quantum’s Leap
Use cases for quantum computing are piling up—from CVA to VAR. But so are the obstacles
Dutch Banks, Zapata Computing Tap Quantum Computing for Stress Test Projects
ABN, ING and Rabobank are exploring quantum for regulatory stress tests. In the US, Zapata Computing is seeking a patent for the same.
Time for a Post-Trade Upgrade – Automation is Critical in Reducing Trade Fails
Matt Stauffer, managing director, institutional trade processing at DTCC, explores how firms can reduce trade fails by adopting an adaptable, automatic solution that simplifies the process of analyzing and upgrading the post-trade lifecycle
Isda 'Create' Marks Important First Step Toward Smart Contracts
WatersTechnology goes inside Isda Create to see how the organization is aiming to bridge the gap between the worlds of paper contracts and legal data.
Barclays Proposes New Taxonomy for Digital Tokens
The UK bank argues that a common approach to classifying tokens is needed to prevent regulatory arbitrage.
Barclays Blueprint for Post-trade Plumbing Puts Onus on FMIs
The institution is banking on financial market firms to drive adoption of the Isda CDM by offering it with new products and services.
This Week: Trading Technologies, Deutsche Borse, SS&C-Canoe, TNS, Clearstream-LCH, S&P, Refinitiv, Sterling TT
A summary of some of the past week’s financial technology news.
SocGen’s Digitized Bond Passes Settlement Test
Banque de France-backed deal pips private consortiums in dummy run for digital currency trades.
CLS Looks for Value in Discarded Data
The FX settlement specialist's information services arm is harvesting years of abandoned data for new projects.