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Financial Markets Operations Response to COVID-19: Best Practices for Working from Home
The COVID-19 pandemic is disrupting all walks of life, and carries with it implications for society beyond even the obvious and immediate health impact. Business is being hit across the board, with many corporations sending staff home in an effort to keep them both safe and working. It’s clear that firms can’t rely on a…
ICE Futures Waives Voice Recording, Time-stamping Requirements
ICE Futures US has granted temporary relief to intermediaries from the obligation to comply with certain requirements, including from the requirement to make and keep records of oral communications, as long as a written record is provided instead. The exchange has also granted relief from any requirement to record the date and time by time-stamp…
Neoxam Expands into Poland With Skarbiec TFI
Polish asset manager Skarbiec TFI has chosen NeoXam’s Density portfolio management solution for its 42 funds and sub-funds. Density will be the backbone solution for the entire asset management group, covering all calculations for the funds, as well as pre and post-trade compliance. Where previously the group had used excel to monitor its funds portfolios,…
SmartStream Partners with Luxoft for Post-Trade Lifecycle Alliance
Transaction Lifecycle Management (TLM) specialist SmartStream has teamed up with software engineering firm Luxoft in a new post-trade lifecycle alliance that aims to support more efficient, streamlined and cost-effective middle- and back-office operations. Switzerland-based Luxoft was acquired in June last year by US digital services giant DXC Technology for $2 billion, in a deal that…
CFTC Issues COVID-19 Relief
The US Commodity Futures Trading Commission (CFTC) has relaxed rules around voice and telephone recording for swap execution facilities up until the end of June, along with relief to designated contract markets regarding audit trail and related requirements over the same period. The spread of coronavirus has caused compliance with certain CFTC requirements to be…
RJ O’Brien Deploys Eventus in the Cloud for Risk Monitoring and Trade Surveillance
Derivatives trader RJ O’Brien & Associates’ (ROJ) selection of Eventus Systems’ Validus as the global platform for its trade surveillance and risk monitoring requirements is aimed at meeting the firm’s regulatory obligations across a range of jurisdictions, including MAD/MAR, MiFID II RTS 6, the CFTC’s Tag 50 and regulations emanating from the Asia/Pacific region. According…
TriOptima Connects triResolve Margin Service with SWIFT Payments to Automate UMR Processes
OTC derivatives post-trade services specialist TriOptima is extending its triResolve Margin collateral management service to support automated Swift payment capabilities. The addition of Swift connectivity means that TriOptima clients who are now in-scope for phases 5 and 6 of the BCBS/IOSCO Uncleared Margin Rules will be able to instruct Swift payments directly via the platform,…
Kepler Cheuvreux Taps Big xyt to Add Value via TCA
Execution-only broker Kepler Cheuvreux’s decision to implement Big xyt’s execution analytics and transaction cost analysis solution is part of a growing tendency for trading firms to view TCA as an opportunity to improve the business rather than as just a compliance box to tick. Big xyt’s independent execution analysis solution supports TCA functions like benchmarking…
The Cloud Has Important Trading Use Cases, Say Speakers at TradingTech Summit 2020
The rapidly evolving role of the cloud within trading operations at financial services organizations was one of the key themes of TradingTech Summit 2020, an A-Team Group event, held in London in late February. Over the course of the day, speakers addressed a wide range of aspects of cloud usage within the overall technology infrastructure…
Trading Tech Summit 2020: Optimism for Technology Amid the Continued Regulatory Change
Trading technology professionals can look forward to a year of demanding – and exciting – change, according to speakers and panellists at this week’s A-Team Trading Tech Summit in London. UK- and EU-based firms can expect more regulatory developments – brought about by Brexit, the so-called MiFID II Refit and changes to Market Abuse Regulation…