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

DTCC and Accenture Deliver Governance Operating Model for Distributed Ledger Technology

DTCC and Accenture have introduced a distributed ledger technology (DLT) governance operating model to manage the risks and consequences of the technology, ensure the safety and soundness of the network for the benefit of all participants, and better enable DLT to reach its full potential. The model is also a critical component of DTCC’s Trade…

Fund Managers Fall Short on Reviewing Broker Performance

Fund managers are falling short on calculating the implicit costs of trading, and on a broader scale are unaware as to exactly how much money is being spent with brokers due to a failure to fully review all their relationships qualitatively and quantitatively. According to research from OpenGamma, a provider of derivatives analytics, despite the…

SEC Releases Long-Awaited Guidance for Rule 606 on Broker Disclosures – But is it Enough?

Rule 606, updated by the Securities and Exchange Commission (SEC) last year to require additional disclosures by broker-dealers to customers regarding the handling of their orders, has caused headaches for the sell-side since it was first proposed – largely due to the complexity of the original 334-page mandate. With the postponed October 1, 2019 deadline…

Blaze Portfolio Partners Itiviti to Access NYFIX Services

Blaze Portfolio, a provider of scalable investment portfolio rebalancing and real-time trade order management software, has joined Itiviti’s Global Alliance Program, giving clients access to Itiviti’s NYFIX suite of services including a FIX connectivity network, monitoring and execution reporting. Blaze is also using NYFIX Matching, Itiviti’s post-trade solution that streamlines affirmation, allocation and confirmation matching…

ESMA Ratchets Up Pressure on Financial Markets to Develop a Consolidated Tape

The European Securities and Markets Authority (ESMA) is ratcheting up pressure on the EU’s financial services industry to develop a consolidated tape (CT) solution for equity instruments. The regulator sets out its views in a consultation paper that was published in mid-July and also reviews the cost of market data. The paper is the outcome…

Itiviti Partners Brazilian Stock Exchange

Itiviti and B3, the Brazilian stock exchange, have partnered to ensure reliable connectivity between global firms and B3 members. As a member of Itiviti’s Global Alliance Program, B3 is able to provide its members with access to the services, including advanced analytics, monitoring and post-trade processing, Itiviti offers through its NYFIX portal. The partnership will…

Bloomberg Acquires RegTek.Solutions

Bloomberg has acquired RegTek.Solutions, a specialist in global regulatory reporting software solutions. The firm, which provides modular software solutions built around actionable regulatory intelligence, will be integrated with Bloomberg’s Regulatory Reporting Hub (RHUB), as well as Bloomberg’s enterprise data management and trading systems. The acquisition will combine Bloomberg’s data enrichment and reporting capabilities with RegTek.Solutions’…

SmartStream Partners Finanz Informatik Solutions Plus to Meet Client Needs in Germany

SmartStream Technologies has partnered German IT service provider Finanz Informatik Solutions Plus to help German clients with implementation projects and application management of SmartStream’s Corona reconciliation solutions, as well as its next generation Aurora transaction lifecycle management offerings. Under the agreement, Finanz Informatik and SmartStream will help large customers in the region digitalise their back…

CLS Adds China CITIC Bank International to Settlement Service

CLS, a market infrastructure group delivering settlement, processing and data solutions, has named China CITIC Bank International (CNCBI) as the first Chinese bank to access CLSSettlement as a third-party client. Bai Lijun, executive director, alternate CEO and treasurer, CNCBI, comments: “By becoming a participant in CLSSettlement, CNCBI aims to mitigate settlement risk, reduce operational costs…

NIBC Bank Migrates to Torstone Post-trade Platform

Netherlands-based NIBC Bank has completed migration to Torstone Technology’s Inferno post-trade processing platform. Inferno was selected to replace NIBC’s legacy systems as the bank rationalises its operations to drive efficiencies across the wider business. Consolidating processes on Torstone’s SaaS platform will also enable NIBC to benefit from Torstone’s service model, resulting in reduced total cost…