Validus Risk Management Launches ISDA Ops to Automate Complex ISDA and CSA Threshold Monitoring

Validus Risk Management has introduced ISDA Ops, a new solution designed to automate the calculation and monitoring of ISDA Additional Termination Events (ATEs) and Credit Support Annexes (CSA) Thresholds. ISDA Ops aims to offer an intelligent and scalable platform that simplifies managing these complex terms, improving the efficiency of handling counterparty and liquidity risks. With…

Meritsoft Launches New Asset Servicing Claims Management Solution to Transform Operations

Meritsoft, a Cognizant company, has launched a new asset servicing claims management solution, aiming to modernise the handling of coupon and dividend claims operations. Built on the company’s next-generation post-trade automation platform, the solution automates claims issuance, matching, and payment processes, reducing aged debtors and risk-weighted assets. The platform addresses the operational challenges faced by…

UK Accelerated Settlement Task Force Releases Draft Recommendations for Transition to T+1 Settlement

The T+1 Technical Group (TGT) of the UK Accelerated Settlement Task Force (AST) has published its proposed recommendations for the UK’s transition from a T+2 to a T+1 securities settlement cycle. The draft recommendations, focusing on enhancing efficiency and reducing risk in equity market settlements, are open for consultation until 31 October 2024. The global…

London Stock Exchange Group Acquires Veris Post-Trade Processing Business from Axoni

Trade workflow applications and real-time data replication technology provider Axoni has agreed to sell its post-trade processing business and related intellectual property to the London Stock Exchange Group (LSEG). Launched in 2020, Veris is a post-trade reconciliation and lifecycle management platform for equity swaps, used by leading banks and asset managers. The platform streamlines data…

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Novatus Secures $40 Million Growth Funding from Silversmith Capital Partners

Novatus Global, a leader in regulatory technology for financial institutions, has raised $40 million from Boston based growth equity firm Silversmith Capital Partners. This funding marks a significant step for Novatus, enabling the company to expand globally and enhance its technology amid an increasingly complex regulatory landscape.  Founded in 2019 by experienced industry professionals, Novatus…

FIA EPTA Stresses Need to Take Urgent Action to Improve EU Capital Markets Competitiveness

The Futures Industry Association European Principal Traders Association (FIA EPTA), representing Europe’s leading Principal Trading Firms, has emphasised the urgent need for the EU to strengthen capital markets liquidity, to be more competitive and achieve its strategic objectives for a safer, greener, and more prosperous future. The association outlines its policy recommendations for 2024-29 under…

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FESE and Oxera Publish New Analysis on Market Data Fees in EU Equity Trading

The Federation of European Securities Exchanges (FESE) has commissioned Oxera to conduct an analysis of market data fees and revenues since the implementation of MiFID II, building on previous studies from 2019 and 2022. This analysis is timely, aligning with the ESMA’s recent consultation on the Regulatory Technical Standards (RTS) on Reasonable Commercial Basis. The…

Amberdata Achieves SOC 2 Type II Compliance for Enhanced Data Security

Amberdata, the provider of digital asset data and analytics for institutional clients, has achieved SOC 2 Type II compliance in line with the standards set by the American Institute of Certified Public Accountants (AICPA) under SSAE 18. This achievement underpins Amberdata’s commitment to providing enterprise-level security for customer data. The audit was conducted by Prescient…

ICE Subsidiary IBA Partners with Space Intelligence to Launch Commodity Traceability Platform

ICE Benchmark Administration Limited (IBA), a subsidiary of Intercontinental Exchange, Inc., is collaborating with Space Intelligence, a nature mapping data provider, to introduce the ICE Commodity Traceability Service (ICE CoT). This is a new technology platform designed to streamline the trade of physical cocoa and coffee by automating the submission, storage, validation, and sharing of…

CJC Achieves ISO 27001:2022 Certification Upgrade

Crown Jewels Consultant Ltd (CJC), the market data professional services and commercial management provider, has upgraded its ISO 27001 certification to the latest 2022 standard, underscoring the company’s ongoing commitment to upholding the highest information security standards and compliance with international protocols. The updated ISO 27001:2022 certification reflects a more rigorous approach to managing sensitive…