EuroCCP to clear trades for Spanish MTF

Spain’s first Multilateral Trading Facility, Plataforma Alternativa de Valores Españoles (Pave), has appointed EuroCCP as the clearing house for its cash equity trades. The two signed a memorandum of understanding in readiness for the expected launch of Pave in the second half of 2011. Spain’s first alternative trading platform is aiming to provide liquid, efficient, […]

Thomson Reuters and Red Kite offer market surveillance

Thomson Reuters has partnered with Redkite to offer the vendor’s real-time trade surveillance solution over its Elektron data distribution and hosting environment. The deal means the Redeye surveillance system can be accessed as a managed service within Elektron, or if Thomson Reuters customers prefer it can be deployed directly as a software implementation within a […]

NasdaqOMX’s Nordic dark pool extends reach by connecting to Instinet

Instinet Europe has connected to Nordic@Mid, Nasdaq OMX’s non-displayed trading facility for its Nordic exchanges, so that its institutional clients can access the dark pool of liquidity via Instinet’s execution experts algorithmic suite or its Smart Order Router. Nordic@Mid matches non-displayed orders at the midpoint of the primary market’s best bid and offer, minimising market […]

Equiduct co-locates at Interxion’s City of London data centre

Equiduct, the pan-European trading platform that is aiming at retail investors, has moved its matching engines into Interxion’s City of London data centre to improve its connectivity and gain access to the vendor’s financial hub community.  Since the introduction of the Markets in Financial Services Directive (MiFID) regulation in 2007 – now up for review […]

Barclays Corporate strengthens cash management team

Barclays Corporate has strengthened its cash management team with the appointment of Ricardo Soto, Joerg Pinkernell and Ravindra Madduri to senior roles as respectively, head of international liquidity management, global head of FI product management, and head of the solutions advisory function for global corporate cash management. Soto joins from Barclaycard, where he was head […]

Stick beats carrot as compliance imperative

The new, intrusive style of supervision being adopted across the regions hit worst by the crisis, coupled with new penalties for those who do not measure up, will drive firms to develop a new target operating model for risk management, research has found. In a new report, The new business of risk management, JWG, a […]

HSBC connects with SAP and Swift

HSBC, SAP and Swift have teamed to create a flexible multi-bank solution based on Swift open standards in the latest version of HSBC Connect to SAP, HSBC’s corporate-to-bank integration and treasury system. "The ability to connect seamlessly with not just one bank, but several banking partners, is quickly becoming a priority in the corporate space," […]

LSE cash equity markets down for four hours

The London Stock Exchange suffered another serious failure this morning when its UK cash equity markets, which only just moved onto the new MillenniumIT technology platform at the start of the week, went down for four hours. The failure mimics a similar problem that occurred last year when the LSE-owned Turquoise platform was moved on […]

London transport system to accept contactless bank cards

The Mayor of London, Boris Johnson, has announced that by the end of 2012 passengers in the capital will be able to access the entire Transport for London public transport network with just a swipe of their contactless bank or credit card. TfL is upgrading software in the Oyster smartcard system to recognise the cards […]

Barclaycard’s new mobile web banking service

Barclaycard has launched a mobile banking management service that allows customers to check their balances and view payment and transaction histories online, via an optimised mobile browser interface. Accessible via the mybarclaycard online account, using the same secure login procedure as web users, the mobile service also integrates with the Barclaycard Freedom loyalty scheme to […]