clearingRSS

BNP Paribas selects SmartStream’s fees and expense management solution

Smartstream

The derivatives execution and clearing (DEC) business of BNP Paribas has implemented SmartStream Technologies transaction lifecycle management (TLM) Fees and Expense Management (FEMS) solution.

TMX Group to overhaul clearing and settlement tech with TCS Bancs

TMX in major tech consolidation and revamp

Canada’s TMX Group has recruited TCS to help it renovate its clearing and settlement business technology. The Indian vendor will provide “a single, integrated technology platform” to TMX – TCS Bancs for Market Infrastructure – to replace disparate legacy systems deployed by the Canadian Depository for Securities Limited (CDS) and Canadian Derivatives Clearing Corporation (CDCC).

Bank for International Settlements issues analytical framework on DLT

Bank for International Settlements HQ, Basel. Image source: Taxiarchos228, Wikimedia Commons

The committee on payments and market infrastructures at the Bank for International Settlements (BIS), an international financial institution owned by central banks, has issued an analytical framework on distributed ledger technology (DLT) in payment, clearing and settlement.

PayCommerce launches instant cross-border payments, clearing and settlement scheme

Welcome to the consortium

Join the consortium. PayCommerce, an open cross-border payments network, has launched an instant cross-border payment, clearing and integrated settlement programme for global banks.

Clearing and settlement: a moving target

Sibos 2016 - clearing and settlement

Momentum is building behind the T2S securities settlement system as it gains critical mass. While expected benefits and outcomes have not fully materialised, the unexpected benefits have captured the imagination of the post-trade industry.

DTCC and Digital Asset to develop blockchain solution for repo clearing

Mike Bodson, president and CEO of DTCC

The Depository Trust & Clearing Corporation (DTCC) and Digital Asset Holdings have teamed up to develop and test a distributed ledger (blockchain) solution for repurchase agreement (repo) clearing. Blockchain will be used to manage the clearing and settlement of US treasury, agency, and agency mortgage-backed repo transactions. Mike Bodson, president and CEO of DTCC, says: […]

Rearranging risk

clearing_tuesday

Pushing more complex products towards mandatory central clearing may increase the risks to which CCPs and clearing members are exposed. Frances Faulds examines whether CCPs can continue pooling risks in a safe and efficient way

LME Clear opens for business

LME is building a network with Colt

The London Metal Exchange has launched its new clearinghouse LME Clear. Built by vendor Cinnober, the system is an important plank of the exchange’s ambitions, which have become more grandiose following its takeover by Hong Kong Exchanges and Clearing at the beginning of 2013.

SIX expands Nordic post-trade with £20m purchase of Oslo Clearing

Zeeb: opportunities for future diversification

Swiss market operator SIX is to expand its post-trade infrastructure in Scandinavia with the acquisition of Oslo Clearing, a subsidiary of the Oslo Børs, for NOK180 million (£19.8 million).

The unit is authorised to act as a central counterparty in Norway and currently clears derivatives and securities lending products. It will become will be part of SIX Securities Services.

NYSE Euronext hires risk head as new London clearing house prepares for launch

NYSE Euronext

NYSE Euronext has chosen Demetria O’ Sullivan as chief risk officer for its new derivatives clearing house in London, NYSE Clearing, as part of a radical change in the firm’s derivatives strategy.

@banking
techno