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SmartStream RDU Readies Services for Brexit
The SmartStream Reference Data Utility (RDU) has implemented changes to its MiFID II Reference Data Service and Systematic Internaliser (SI) Registry to accommodate Brexit. For the MiFID II service, SmartStream RDU will make both ESMA and FCA data available, either as an integrated delivery or separately. It will also support ESMA and FCA pre- and…
Vela Extends List of Systematic Internaliser Data Feeds with Addition of IMC Electronic Liquidity Providing SI
Vela has expanded its provision of access to systematic internalisers (SIs) through its SMDS software-based feed handler with the addition of the IMC Electronic Liquidity Providing (ELP) SI. IMC is a technology-driven market maker that develops innovative technology and algos to trade multiple asset classes on more than 100 trading venues worldwide. The ELP SI…
Wematch.live Seeks to Disrupt Voice Traded Interest Rate Swaps
Wematch.live, a digital broker, reports growing interest in the Euro interest rate swaps (IRS) matching and negotiating platform it released in late July. The platform went live with an initial group of 10 banks, including JP Morgan, Société Générale, HSBC and Royal Bank of Canada, and has since increased usage and liquidity, with 39 banks…
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…
Uncleared Margin Rules Extension: Building a Roadmap for the Buy-side
By Vikas Srivastava, Chief Revenue Officer at Integral. On the surface, news that BCBS and IOSCO have granted an extension to the final phase of the Uncleared Margin Rules (UMR) is likely to be welcomed by asset managers currently trading uncleared derivatives with a notional between $8 billion and $50 billion. The extension pushes the…
Regulators Discuss SM&CR and IT Failure at UK Parliamentary Hearings
The UK’s parliament’s treasury committee recently held a series of hearings on IT failures in the financial sector. Over the course of the hearings, at which representatives of the Bank of England, the Financial Conduct Authority and the Prudential Regulatory Authority spoke, the regulators discussed work completed and work in progress around operational resilience in…
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…
SIX Releases Marijuana Related Data Service
SIX has introduced a service covering over 30,000 securities connected with Marijuana Related Businesses (MRBs). The service reflects the changing legal landscape around marijuana. In the US, marijuana has been legalised in some states, but is criminal at federal level. As a result, in some states MRBs can raise money via capital markets, enabling investors…
Refinitiv Shareholders Agree Merger Deal with LSE, David Craig Remains CEO of Refinitiv
Following our review of the London Stock Exchange Group’s (LSEG) proposed acquisition of Refinitiv through a transaction valued at $27 billion, Refinitiv today announced that its shareholders have agreed definitive terms with LSEG on the acquisition. The approval of LSEG shareholders will be sought at a general meeting to be held before the end of…