DTCC
Ken Price Joins Strevus
The Avox co-founder will work as vice president, sales, for the San Francisco-based start-up, which provides a collaborative data platform
Euroclear Nederland Exits Paper Certificates
Dutch central securities depository (CSD) Euroclear Nederland has announced that it recently completed a full-scale dematerialization project for all securities in the country, moving stock certificates to electronic formats.
DTCC Now Disseminating Swap Prices and Data
The Depository Trust and Clearing Corporation (DTCC) has announced the successful receipt of swap prices and transaction data at its DTCC Data Repository (DDR).
Davies Takes Over Avox With Core Focus
Mark Davies, an executive at the DTCC, has succeeded former CEO Ken Price at the DTCC-owned reference data provider
Retiring Industry Veteran Cutrone Reflects on the Past—and the Future
After more than four decades in the capital markets, Lee Cutrone is retiring. He talks with Anthony about the highs, the lows, and what he’ll miss once he's out of the business—namely, T+2, or even T+1, settlement cycles.
LEI’s Next Phase
With the structures for implementing the legal entity identifier basically in place, now the real work begins—actually implementing registrations
Industry Segments Get More Time For CICI Adoption
Extension of deadlines for swaps market participants as well as FX, commodities and equities traders to adopt the CICI identifier still leaves accuracy challenges to be addressed
Identifier's Infancy
During a webinar about the legal entity identifier, panelists discussed the opportunities the code presents for data vendors to create new products and the immaturity of current offerings, writes Nicholas Hamilton
Behney Leaves UBS for DTCC
The DTCC has hired Christopher Behney to lead enterprise production assurance from its Dallas office. Behney previously headed technology infrastructure at UBS
Legal Entity Identifier webcast: Plans For 2013
During a webcast about the legal entity identifier on November 27, industry participants provided insights into the Financial Stability Board's work on the identifier, discussed firms' implementation plans and considered the lessons that can be learned…
Predictions About Final SEF Headcount Drop
As the real-live launch of real-life swap execution facilities (SEFs) draws closer, a group of derivative experts predict that there will be fewer entrants than previously estimated.
Nothing Less Than the Best
Francis Gross, vice chairman of the legal entity identifier Implementation Group, discusses strategies for avoiding standards duplication of the standard and tells Nicholas Hamilton they're determined the identifier will fulfill its potential
Nord LB Builds Clearing Business From Dodd-Frank Compliance
The regional German bank plans to use its clearing facilities interfaces to offer clearing services for client banks that lack resources to create their own connections that meet regulatory mandates
New Alliance Calls For ISO 15022 Phase-Out
Several investment firms and service providers are presenting a business case for completing the industry's migration to the ISO 20022 messaging standard for corporate actions
LEI Operating Arm Should Be Lean And Fast, Say Basel Delegates
Regulators will consider recommendations that the operating arm of the legal entity identifier system should be kept lean and fast to begin with, following a meeting of the Financial Stability Board's Private Sector Preparatory Group
The Two-Day Maneuver
For something relatively simple in concept, the shortening of settlement cycles can be rather complex in practice. Moving away from T+3, though, is inevitable, and it has a solid groundswell of support within both the buy and sell sides.
Omgeo Adds Legal Entity Data To Alert Database
The addition of 23 new legal entity data fields to the database of settlement and account instructions is intended to enable investment managers and broker/dealers to better understand and track underlying legal entities for each counterparty
DTCC Names Milrod as Chief Administrative Officer
Donna Milrod, a senior executive at Deutsche Bank North America, will begin a new role at DTCC in mid-October
CICI Utility Includes Rigorous Data Validation And $200 Fees
The interim legal entity identifier utility launched by Swift and the Depository Trust and Clearing Corporation enables self-registration and third-party registration at a fee of $200, and includes rigorous data checks
Swift and DTCC Collaborate on Interim Identifier Launch
Firms launch CICIs following regulatory approval.
BNY Mellon Adopts DTCC Messaging
The corporate actions messaging solution, run on the Swift network, is an effort to standardize global messages.
Omgeo in Board Shakeup
Andrew Gray takes over top post as board of managers chairman while Tim Collier and Mark Bradbury are added as members.
Omgeo Names Gray As Chairman
Andrew Gray, a managing director at DTCC, will succeed Donald Donahue as chairman of the board of the post-trade processing services provider
Solving a Solvency II Dilemma
European regulator's announcement that an important code in its capital adequacy directive will not be harmonized through all countries could undermine the regulation itself