Category: Institutional

CLS
July 04, 2018 BY Valentina Kirilova

CLSTradeMonitor goes live with asset managers

CLS, a market infrastructure group delivering settlement, processing and data solutions, has announced that its new post-trade monitoring and reporting tool, CLSTradeMonitor, has gone live with the first asset managers, including Mesirow Financial and Mountain Pacific Advisors, LLC. CLSTradeMonitor improves operational efficiency, provides transparency, and reduces operational risk for third parties currently settling in CLS.…

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FXSpotStream FX volumes
July 04, 2018 BY Valentina Kirilova

FXSpotStream continues its record FX volumes in June

Multibank FX aggregation service FXSpotStream has just announced that June volumes totaled $637.7 billion - down slightly from May's record $645.4 billion, but still up 8% over May in terms of average daily volumes. FXSpotStream is a bank owned consortium operating as a market utility, providing the infrastructure that facilitates a multibank API and GUI to…

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J.P. Morgan goes live with client clearing at LCH CDSClear
July 04, 2018 BY Valentina Kirilova

J.P. Morgan goes live with client clearing at LCH CDSClear

LCH, a global clearing house, has announced that J.P. Morgan has gone live as CDSClear’s first US bank to offer client clearing. As a result, Swedish pension fund AMF is now clearing European and US credit default swaps through CDSClear, using J.P. Morgan Securities Plc as its clearing broker. This development is the latest achievement…

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June 29, 2018 BY Valentina Kirilova

PwC Hong Kong signs investment agreement with Vitargent

PwC Hong Kong (PwC) has announced that it has entered into an investment agreement today with Vitargent International Holdings Limited, a pioneer in bio-testing technology for product safety. This is PwC's first proposed investment in the biotechnology and internet platform space, bringing together the strengths of PwC and Vitargent to address evolving challenges in food…

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June 28, 2018 BY Valentina Kirilova

LCH clears first trade for Mexican bank

LCH Limited (LCH), a global clearing house, has announced that it is now actively clearing trades on behalf of a Mexican-domiciled participant. BBVA Bancomer completed a cleared Mexican-peso denominated TIIE interest rate swap, with BBVA SA Madrid acting as the clearing broker. The transaction marks the first time a Mexican participant has used LCH SwapClear,…

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June 27, 2018 BY Valentina Kirilova

Dalzell Trading selects LiquidityBook's LBX Outsourced Trader

LiquidityBook, a Software-as-a-Service (SaaS)-based provider of buy- and sell-side trading solutions, today announced that LBX Outsourced Trader, an advanced POEMS (portfolio, order and execution management system) with fully integrated FIX connectivity, has been selected by Dalzell Trading. Dalzell Trading is an outsourced trading firm launched in 2018 with trading desks in Boston and Philadelphia. The…

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June 27, 2018 BY Valentina Kirilova

LSE acquires 16% of margin automation solutions provider AcadiaSoft

AcadiaSoft Inc., the industry provider of margin automation solutions for counterparties engaged in collateral management worldwide, has announced that London Stock Exchange Group (LSEG) has taken a minority, circa 16%, stake in the company. Along with this investment, AcadiaSoft has signed a preliminary agreement that will enable further collaboration with LCH SwapAgent on the development…

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June 26, 2018 BY Valentina Kirilova

Fiserv simplifies CECL compliance through the cloud

Fiserv, Inc. (NASDAQ: FISV), a global provider of financial services technology solutions, has announced that financial institutions now have a streamlined option to address the Financial Accounting Standards Board’s (FASB) pending Current Expected Credit Loss (CECL) standard. Prologue™ Credit Loss Manager and its risk modeling tools are now available in a SaaS version hosted in…

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June 26, 2018 BY Valentina Kirilova

HPR's platform to include support for Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connects

Hyannis Port Research (HPR), provider of advanced capital markets infrastructure (CMI) technologies, has just announced the expansion of its market access platform to include support for the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connects. HPR’s platform includes its two pre-trade risk products for low latency market access: Riskbot® and Softbot®. Both provide over 50 highly…

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