DTCC and Cboe Clear Europe to create new OTC cash equities clearing workflow
The pair intend to develop a proof of concept that links DTCC’s tri-party trade matching workflow with Cboe Clear Europe.
Post-Trade
LCH SA names new head of CDSClear and head of DigitalAssetClear
New appointment has been with LSEG Group for 15 years, prior to which he held positions at JP Morgan and the Commonwealth Bank of Australia.
FINBOURNE extends integration with Taskize to enhance post-trade efficiency
Expanded integration will enable clients to have reduced resolution times as well as a reduction in risk and human error, increasing operational efficiency and staff capacity.
Expanded SEC clearing rules will see daily DTCC Treasury activity increase by $4 trillion, survey finds
New estimate is up from the previous $1.63 trillion prediction in September 2023 and is based on a survey completed by 83 sell-side institutions.
Affirmation rates reach nearly 95% on double-settlement day at DTCC
Increase in affirmation rates despite double-settlement day which included T+2 trades from prior to 28 May.
‘Time is money and time is risk’ proclaimed Gensler ahead of T+1 implementation, but how is the market feeling as reality hits
While the industry recognises the importance of T+1 in safeguarding against avoidable risks, in particular given events like meme-stock, for now the long shadow cast by implementation challenges appears to be hampering market sentiment.
DTCC, Clearstream and Euroclear expand digital asset partnership with establishment of control principles
The market infrastructure triumvirate calls for market-wide mobilisation of support for digital asset standards.
Nasdaq and FIA Tech partner to improve resiliency of post-trade infrastructure
The move will see the two firms help reduce systemic inefficiency across the global post-trade network.
Inside the FX cut-off conundrum sparking animosity between the buy-side, CLS and custodians as T+1 looms
Finger of blame is being pointed in each direction between custodians, non-US traders and settlement system CLS over FX cut-offs, with last minute decisions and confusion meaning some asset managers are now left facing operational challenges, pre-funding trades and balancing settlement security with best execution obligations.
AccessFintech and BNY Mellon collaborate to tackle expected FX workflow challenges linked to T+1
The two firms aim to provide clarity on the ‘predicted to settle’ status of securities trades, helping enable the necessary liquidity for international clients trading US securities.