Category: Institutional

CLS launches PvP settlement service for cleared FX derivatives
July 11, 2018 BY Valentina Kirilova

CLS launches PvP settlement service for cleared FX derivatives

CLS, a market infrastructure group delivering settlement, processing and data solutions, has today announced the launch of CLSClearedFX ─ the first payment-versus-payment (PvP) settlement service specifically designed for over the counter (OTC) cleared FX derivatives. The service will enable central counterparties (CCPs) and their clearing members to safely and effectively mitigate settlement risk when settling…

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Thomson Reuters and SAP to simplify pricing of cross-border transaction costs on SAP’s cloud platform
July 11, 2018 BY Valentina Kirilova

Thomson Reuters and SAP to simplify pricing of cross-border transaction costs on SAP’s cloud platform

Information giant Thomson Reuters (NYSE:TRI) has just announced the expansion of its strategic partnership with SAP (NYSE:SAP) to simplify converting cross-border transaction prices into a single currency, no matter where or when the transaction happens. The new SAP Cloud Platform-based solution, called SAP Market Rates Management, offers out–of-the-box connectivity to comprehensive pricing and reference data…

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TP ICAP volumes
July 10, 2018 BY Valentina Kirilova

TP ICAP revenues up 3% YoY in 1H 2018

Ahead of the interim results for the six months to 30 June 2018, to be announced on 7 August 2018, TP ICAP plc (the Company) has provided an update on trading and a change in leadership. Trading update Revenues for the six months to 30 June were 3% higher than the prior year at constant…

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FlexTrade integrates SmartStream RDU for MiFID II order ticket compliance
July 10, 2018 BY Valentina Kirilova

FlexTrade integrates SmartStream RDU for MiFID II order ticket compliance

FlexTrade and The SmartStream Reference Data Utility (RDU) have just announced the integration of the SmartStream RDU with the FlexTRADER EMS (execution management system). The integration offers mutual clients the ability to embed SmartStream RDU’s Systematic Internaliser (SI) Registry information directly into the send order ticket, providing much needed clarity on counterparty SI status, prior…

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Tradimo launches Derivatives Nanodiploma certified by Deutsche Börse
July 09, 2018 BY Valentina Kirilova

DFM adds more certified board secretaries for listed companies

Board secretaries play a crucial role in advancing corporate governance within companies by ensuring that the boards are compliant and that a healthy relationship exists between boards and management in listed companies. Therefore, the Dubai Financial Market (DFM) has informed that it has been collaborating with Hawkamah Institute for Corporate Governance (Hawkamah) in designing and…

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July 04, 2018 BY Valentina Kirilova

BIL teams up with Clearstream to streamline fund processing activities

Banque Internationale à Luxembourg (BIL) has announced that it has decided to further strengthen its partnership with post-trade services provider Clearstream. Going forward, Clearstream, which is part of Deutsche Börse Group, will support the bank in streamlining its third-party fund processing activities. The scope of services includes order execution, settlement and asset servicing of both…

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Crypto security conference in Amsterdam draws family of Bitcoiners
July 04, 2018 BY Valentina Kirilova

Cboe announces plans for new venue in Amsterdam

Cboe Global Markets, Inc. (Nasdaq: CBOE) has announced plans to establish a new venue in Amsterdam to ensure the company is well-positioned to continue to serve its customers across Europe from April 2019, after the UK’s planned exit from the European Union (EU). Cboe Europe has filed its application with the Dutch Authority for the…

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NEX Markets connects with Eurex to launch new clearing solution for BrokerTec Europe customers
July 04, 2018 BY Valentina Kirilova

NEX Group releases steady market volumes in June

NEX Group plc (LON:NXG), a financial technology company at the centre of global markets, has just announced its trading statement for the month of June 2018. Spot FX results were down 5% MoM. US Treasury’s numbers also dropped to 156.6 with 12% MoM. The complete results can be seen in the table below: NEX Markets…

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