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.

Europe’s unsettling times

Market infrastructures_Monday

T2S, Europe’s harmonised settlement platform, is live. With a series of migration waves scheduled up until full live operation in July 2017, the next few years are likely to be characterised by intense activity as market participants finalise their strategies …

Reforms needed to build on Shanghai-Hong Kong Stock Connect success


The Shanghai-Hong Kong Stock Connect link has made significant in-roads in the opening of China’s capital markets to international trading but barriers to participation, including restricted trading strategies, introduce risk and create operational complexity. The long-term success of the venture hinges on removing these barriers, according to a study carried out for the DTCC.

Derivatives reform chaos “stupid and self-inflicted”

Risk generic

Reforms to the way derivatives trade in the US and Europe are causing a conflict between consumer desire for bespoke solutions and regulatory attempts at standardisation – and the self-inflicted panic as the deadline approaches indicates the cost may be too high, according to a panel of senior capital markets representatives speaking at an event organised by the Futures and Options Association in London on Tuesday.

Operational risk: Hell is other people

Risk management

As the focus on operational risk increases, Nicholas Pratt discovers that the greatest threats to a bank’s security lie outside of its four walls

Fidessa offers free post-trade processing using FIX

Grob: fragmentation has made post-trade services inefficient

A new service that claims to be able to dramatically cut post-trade costs for brokers and asset managers has been launched in the UK, using FIX messaging.

DTCC promises Omgeo acquisition will “open up new opportunities”

The DTCC says its acuisition of Omgeo will open up new possibilities for market participants

US post-trade utility the DTCC has agreed to acquire post-trade specialist firm Omgeo, in a deal that it says will help improve collaboration between investment managers, broker-dealers and custodian banks and reduce risk for market participants.

Omgeo adds banking troika to board

Post-trade services provider Omgeo has appointed Edward Hazel of Goldman Sachs, Richard Taggart of State Street and Susan Cosgrove of the DTCC to its board of managers. The Omgeo board members are responsible for representing the interests of all Omgeo’s clients as decisions about strategy, governance and operations are made. Hazel is the global co-head […]

ECB tweaks T2S migration schedule


Despite delays and arguments over migration, the European Central Bank’s T2S project to improve Europe’s post-trade infrastructure is now back on track, according to senior industry participants.

Kiley to head Omgeo industry relations Americas

Post-trade services firm Omgeo has chosen Jeff Kiley as its new director of industry relations for the Americas. In his new role, Kiley will focus on initiatives such as match to settle, which is currently under discussion at the Securities Industry and Financial Markets Association.