Trade processing
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.
What can HKEx’s Synapse learn from watching ASX’s game of Chess?
HKEx is looking to leverage smart contracts for its Synapse platform. Sell-side participants are generally positive as to the reasoning behind the build, but observers warn the ambitious project still has challenges to overcome.
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.
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.
Bloomberg AIMs enhancements on portfolio implementation, trade management
The tech giant has been updating the portfolio implementation and trade management workflows on its buy-side order management system as systematic and factor-based investing needs evolve.
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Asia at the Forefront of Innovation—A Look at Tech Projects in the Region
WatersTechnology looks at some of the major projects coming out of Asia that are leading the way for firms around the globe.
People Moves: DTCC, Evaluate, Capitolis, Facteus, HazelTree
A look at some of the key "people moves" from this week, including Bob Stewart (pictured) who has been appointed executive director of ITP product management.
This Week: State Street/Simcorp, Bloomberg, ACA, Broadridge & More
A look at some of the past week’s financial technology news.
BNY Mellon, Deutsche Bank to Extend FX API for Indonesia and India
The two are working out the necessary regulatory, tax, and documentation needed to provide custody services for foreign exchange transactions in the two countries.
SocGen’s Digitized Bond Passes Settlement Test
Banque de France-backed deal pips private consortiums in dummy run for digital currency trades.
Northern Trust to Add Options and Derivatives Outsourced Trading Capabilities
The custodian bank will receive and transmit European listed options and derivatives orders from buy-side clients.
BoE's Post-Trade Reform Efforts Will Need Full Industry Cooperation
The central bank's report on the future of post trade will face the same competitive interests that have hindered previous attempts at eliminating inefficiencies and bringing automation to the back office.
This Week: HKEX, ICE, Clearstream, Broadridge, IHS Markit and more
A summary of some of the past week’s financial technology news.
This Week: MEMX, Bloomberg, Finos, BNY Mellon, IHS Markit & More
Highlights from the past week's financial technology news.
Torstone to Integrate Risk Calculations into Inferno
The vendor will add trading position flow and risk calculations to the platform this year, as it continues to integrate functions from recent acquisition Percentile.
This Week: LSEG Technology; SIX/Nasdaq; FTSE Russell/JSE; & More
A summary of some of the past week's financial technology news.
MEMX Builds Out Infrastructure as it Waits on Regulatory Approval
The exchange’s CEO and COO discuss its matching engine, Intel partnership, cloud strategy and plans for the future.
As Public Cloud Gains Traction, Concerns & Challenges Grow
WatersTechnology looks at more than 20 cloud-based projects and initiatives to see how banks, asset managers and vendors are embracing public providers, and the inherent problems involved.
Deutsche Bank's Bezuidenhout Explains Symphony, WeChat Usage for Trade Queries
The bank is looking to extend this feature to other asset classes in the future.
MarkitSERV Delays Credit Rollout for TradeServ Platform
The vendor is live with FX NDFs on the new cloud-based platform, but credit has been pushed to 2020 earliest.
Deutsche Bank Develops Bot to Automate Parts of OTC Workflow
The already-developed bot is now awaiting incremental testing before it goes into production within six months.
Digital Asset and Isda Create Rosetta Stone for Derivatives Smart Contracts
The event specification module will allow for a common DAML library that references machine-executable trade lifecycle events.
Southeast Asian Firms Look to Automate Post-Trade Processes
Using the DTCC’s central trade manager platform, Bangkok Capital Asset Management can automate its post-trade process with almost 2,000 counterparties in 52 countries.