TradingTech Insight Post-Trade The latest content from across the platform

Ascendant and ipushpull Partner on Digital Transformation Drive

The playing field on which financial services firms are contending is changing. Past competitive playing fields, such as alpha generation or trading strategies, are becoming less important ways for firms to generate revenue – and instead, in their bread-and-butter businesses, firms are focused on either reducing or optimising costs. And technology is playing a major…

EMIR and MiFID Transaction Reporting Challenges Continue to Trouble Firms and Regulators

Data quality is proving to be an enduring albatross around the necks of financial institutions that must comply with EU reporting rules under MiFID II and EMIR. A recent disclosure by the European Securities and Markets Authority (ESMA) shows that matching rates remain poor for derivatives transactions reported under the European Markets and Infrastructure Regulation…

Traiana Releases Automated Post-Trade Service for Equity Swaps Market

Traiana, a provider of infrastructure service for trade lifecycle solutions, has introduced a service that will automate post-trade lifecycle management of the equity swaps market. The Equity Swaps Lifecycle Management service normalises data reported by swap providers and conducts reconciliation and affirmation of daily valuations, payments and legal confirmations to identify any changes to underlying…

Velocimetrics Implements Enterprise-wide Data Lineage PoC at Large European Bank

Velocimetrics has implemented an enterprise-wide data lineage proof-of-concept at a major European bank. Driven by regulation BCBS 239, the bank wanted to achieve automated intra-day reconciliation, correlation and trade netting, but was already challenged to achieve T+1. The primary compliance requirement was to show completeness of reporting, although the project is already showing additional value…

Finastra Partners Xceptor to Automate Reconciliation

Finastra has partnered Xceptor, an intelligent automation software company, to offer new reconciliation functionality to its securities market customers. Xceptor’s out-of-the-box third-party reconciliation functionality allows Finastra’s Fusion Markets customers to automatically reconcile and validate transactions and positions data, including harder-to-handle formats, in a single solution resulting in reduced manual workloads, exceptions and breaks, and improved…

A-Team Group Announces Winners of its 2019 TradingTech Insight North America Awards

Congratulations to the winners of A-Team Group’s 2019 TradingTech Insight (TTI) North America Awards. The awards were celebrated during a lively drinks reception hosted by A-Team president and chief content officer Andrew Delaney after the close of the company’s TradingTech Summit in New York City on June 11, 2019. The awards recognise excellence in trading…

Torstone Acquisition of Percentile Delivers More than the Sum of its Parts

Torstone Technology’s recent agreement to acquire Percentile will add risk management and compliance technology to the company’s post-trade securities and derivatives processes, making its Inferno platform a full-service, cross-asset, global post-trade solution. The deal will also add a compliance solution for Fundamental Review of the Trading Book (FRTB) regulation to Torstone’s portfolio. The acquisition will…

TORA Implements Cloud OEMS at Buy-Side Firms Based in Zurich and New York

TORA has reported two implementations of its order and execution management system (OEMS) in as many weeks, taking both Zurich-based Systematic Investment Management AG (SIMAG) and New York-based Schonfeld Strategic Advisors’ Asian offices into the cloud with its unified OEMS. These implementations follow consolidation in the OEMS industry over recent years and demonstrate buy-side intent…

LCH Implements Three Solutions Built on Genesis’ Microservices Framework

genesis, a provider of trading technology products based on microservices, is gaining market traction with the implementation of three solutions at LCH following a recent deal with Linear Investments to develop a cash and margin management system. LCH has worked with genesis to design, build and implement the solutions, which will streamline and automate clearing…

SmartStream and Cassini Partner to Help Firms Meet Uncleared Initial Margin Obligations

SmartStream Technologies has partnered Cassini Systems, a pre- and post-trade margin analytics provider for buy-side derivatives trading, to integrate SmartStream’s TLM Collateral Management with Cassini’s analytics platform. The SmartStream solution provides firms with automated data management to reduce operational risks associated with collateral management. Its integration with Cassini’s analytics platform will provide complete Standard Initial…