Settlement
Waters Wrap: The buy side, the changing nature of buy v. build, and how fintech has evolved
Neal Pawar, the former CTO of AQR and current COO of Qontigo, chats with Anthony about some of the major trends that are changing how asset managers interact with the vendor community, and how this shift mirrors the most significant evolutions in capital…
Will there ever be one TR to rule them all? No chance…
A wave of regulatory reviews is renewing interest in unified data repositories. But Josephine says a centralized utility for trade reporting is never going to happen.
DLT could give FX its ‘Netflix moment’
Blockchain’s proponents say faster settlement times make the technology akin to TV’s streaming revolution.
Waters Wrap: ASX, Cboe and evolving exchange technology
As ASX’s Chess replacement project stalls yet again, Anthony wonders if the exchange is at risk of falling behind the likes of Cboe, Nasdaq and CME, which are making major investments in cloud technology.
Retooling repo: How Broadridge, Bloomberg, Tradeweb, and JP Morgan are modernizing repurchase agreements
From brokers to trading platform providers, players in the repo market are focused on initiatives around reducing settlement fails, increasing automation, and streamlining operations.
Cloud and APIs begin to (slowly) permeate the post-trade space
As financial firms turn their attention toward modernizing the back office, how they approach these projects comes under new scrutiny.
Banks prepare to unleash FX swap bots
BNP Paribas, JP Morgan build execution algos to plug into platforms—but swaps liquidity needs to catch up first
Europe could face settlement squeeze with T+1 proposals and CSDR fines
Move to shorten the settlement cycle in the US could have knock-on implications for other markets, as the EU grapples with a new penalty regime.
Federal court denies motion for early judgement on Cusip numbers’ copyrightability
A judge for the Southern District of New York has also ordered that two class-action suits brought against Cusip Global Services and its affiliates earlier this year be consolidated.
Development bank aims for better settlement with blockchain prototype
R3 is among the companies working with the regional bank on a proof-of-concept to bring efficiencies to cross-border securities transactions.
Is DLT post-trade a solution without a problem?
Sources question landmark projects' ability to use technology at scale as further delay besets ASX deployment
People Moves: ASX, Northern Trust, MSCI, Asifma, and more
A look at some of the key people moves from this week, including Jonathan Cross (pictured), who joins LiquidityBook as general manager for EMEA.
This Week: Deutsche Bank/FinLync, State Street/Paxos, Glue42/AllianceBernstein & More
A summary of the latest financial technology news.
This Week: Goldman Sachs, MSCI/MarketAxess, Cboe/ErisX, & more
A summary of the latest financial technology news.
Waters Wrap: Blockchain & Boca—A sad story
Anthony takes issue with how blockchain is still being covered in the media and at industry conferences. What else is new?
Biden approach could leave US behind on crypto regulation
Long timeline of executive order means international community may move faster than US lawmakers
Goldman Sachs, DTCC execs dissect implications of SEC’s ‘ambitious’ settlement timeline
Conflicting time zones, potential re-papering, and weak standards are just some of the hurdles that must be overcome to move trade settlement times to T+1 or even to T+0—all potentially before Q1 2024.
This Week: Bloomberg; Charles River, DTCC, SmartStream & More
A summary of the latest financial technology news.
Where have all the blockchain startups gone?
Building a startup is hard. Building a blockchain startup is harder. More than 10 current and former financial blockchain builders and users detail their experiences of trying to cut their teeth on a once-darling tech, and the lessons they’re still…
Waters Wrap: Google’s cap markets play portends a shift in trade tech philosophies
According to Google’s Phil Moyer, the capital markets are shifting from a world where location determined liquidity, to one where accessibility will be the main differentiator for exchanges. Anthony explores what this could mean for trading firms going…
This Week: SS&C; DTCC; LPA & More
A summary of the latest financial technology news.
Banks offer crypto clearing but, shhh, don’t tell
Top dealers clear crypto futures for select clients despite smorgasbord of risks
Eurex upgrade timeline too tough, say banks
As exchanges prepare roll-out of major upgrades, banks are struggling to cope
Vanguard eyes DLT for FX forwards after smart contract success
The fund giant hopes the roll-out of the tech in 2022 will deliver greater efficiency and pricing benefits.