SIX Swiss Exchange, Nasdaq and Chain team for blockchain OTC project

BBVA and Ripple in blockchain cross-border payments trial

SIX Swiss Exchange and Nasdaq and working with blockchain tech company Chain to provide distributed ledger technology (DLT) for for SIX’s over-the-counter (OTC) structured products business.

Project Sentinel completes MiFID II technology specification, embarks on vendor search


Project Sentinel, a collaborative initiative by a group of banks to mutualise the cost of MiFID II implementation in the OTC front office, has completed the detailed business requirements that meet MiFID II regulatory obligations. The project is now focused on finding the right vendors to deliver the solution. “Once the vendor assessment is complete, […]

Markit acquires specialist vendor Prism Valuation

Markit makes another acquisition – Prism Valuation

Markit, an international provider of financial information services, is buying Prism Valuation, a specialist in independent valuation and risk analysis of derivatives and structured products. Markit says this acquisition will complement its portfolio valuations service, as it will provide enhanced coverage of complex OTC derivatives and structured OTC products. It will also expand Markit’s customer […]

Industry players unite for MiFID II implementation with Project Sentinel


Project Sentinel, a collaborative initiative by a group of banks to mutualise the cost of MiFID II implementation in the OTC front office, has announced the creation of a normalised regulatory data model that assists investment firms to meet their MiFID II OTC sales and trading requirements. Etrading Software, which has the project management office […]

CFTC’s O’Malia warns regulators to “Do No Harm”


Commissioner Scott O’Malia of the US Commodity and Futures Trading Commission has called for continuing international co-operation on market surveillance and warned that current oversight mechanisms are flawed in terms of the data they collect and the way that they analyse it.

ICAP’s new London SEF targets OTC derivatives

ICAP's Best:

ICAP has launched a swap execution facility in the UK, as part of a push to dominate both the European and the US OTC derivatives markets as they are brought under new regulation.

MarkitSERV and Misys team for FX derivatives clearing service

CCP clearing is intended to reduce systemic risk in derivatives markets

OTC derivatives trade processing service MarketSERV and banking technology provider Misys have partnered to create a service for CCP clearing of FX derivatives trades.

CME gears up for European OTC deluge

CME Europe is hoping to capitalise on OTC business in London

As new rules for the central clearing of OTC derivatives loom ever larger on the horizon in both Europe and the US, technology is helping to make the transition easier – but the kind of contracts being traded may well change, according to CME Group.

BNY Mellon and Rule counter OTC derivatives conundrum

BNY Mellon: Asset managers should prepare for central clearing of OTC derivatives

Asset managers should take five simple steps to counter the effect of rising collateral requirements for OTC derivatives, according to a joint study by BNY Mellon and Rule Financial.

ICE sets out “streamlined” OTC FX clearing service with Traiana

US exchange ICE says its deal with Traiana will provide efficient clearing for OTC FX instruments

Market participants will soon be able to benefit from simplified clearing of OTC FX contracts, following a deal between IntercontinentalExchange and post-trade services company Traiana.