LCH, a global clearing house, today announced that it has extended its CDSClear platform to include the clearing of credit index options. This addition to LCH’s credit derivatives clearing service follows the launch of CDX high-yield clearing in July 2017. LCH becomes the first CCP to clear credit index options CDSClear launches clearing of credit…
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ANZ to buy-back $1.5bn shares as part of capital management plan ANZ Bank New Zealand today announced it has completed the sale of its 20% stake in Shanghai Rural Commercial Bank (SRCB), originally announced in January 2017. As part of the Group’s broader capital management plan, ANZ now intends to buy-back up to $1.5 billion…
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National Settlement Depository (NSD) and VTB Registrar announced that they will provide Alrosa, Russia’s diamond mining company, with e-voting services at its General Meeting of Shareholders. From 19 December 2017 to 11 January 2018, Alrosa shareholders will be able to use NSD’s e-voting systems and VTB Registrar’s Meeting Portal service. The synergy of the companies’…
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After considering a request to assess the quality of NSD's Valuation Center’s performance when determining the value of ruble-denominated bonds, the Bank of Russia, guided by the criteria specified in the Bank of Russia's information letter of 29 March, 2013 No. IN-06-51/15 “On the Assessing of Valuation Centers’ Quality of Functioning”, has acknowledged the quality…
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China Merchants Bank (CMB) just announced that it has chosen Wolters Kluwer’s OneSumX for Regulatory Reporting to provide its regulatory reporting software for its operations in Luxembourg, following a competitive tender process. OneSumX for Regulatory Reporting uses a single source of data to ensure consistency, reconciliation and accuracy and includes the firm’s Regulatory Update Service.…
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Cboe Global Markets, Inc. (Nasdaq: CBOE) announced that Cboe DataShop will add historical spot foreign exchange data from Cboe FX to its range of offerings beginning today, December 15. Cboe FX, Cboe’s foreign exchange market, has set several new market-share records, and volume and activity on the global platform has grown. Available for market participants…
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CLS Group, the market infrastructure provider of risk mitigation services to the global FX market today published its operating metrics for the month of November 2017. Total volumes rose by 3.8% from October to USD1.677 trillion. November 2016 October 2017 November 2017 Average daily traded volume submitted to CLS by product (USD trillion) …
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Wilmington Trust, a provider of corporate and institutional services including custody and collateral solutions for a wide variety of financial institutions, insurance companies, health care organizations, educational institutions, and publicly traded entities in the United States, has engaged AcadiaSoft to launch a new “Margin Management” service for clients. Wilmington Trust’s Margin Management is designed to…
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CNBC, the business and financial news network, today unveiled plans for a Middle East Headquarters in the heart of Abu Dhabi, the Capital of the United Arab Emirates. The network will begin broadcasting from a new studio at Abu Dhabi Global Market (ADGM), the international financial centre of Abu Dhabi, in the first quarter of…
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Faster connectivity for financial organisations and enterprises Colt Technology Services today announced it has substantially reduced latency between Tokyo to London financial centres, to less than 159 milliseconds. This network optimisation is part of Colt’s ongoing investment programme in the Colt IQ Network, addressing specific requirements of financial firms and enterprises. The improved latency strongly…
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