LCH Limited, a global clearing house, announced today that it has introduced a new type of client account within its SwapClear service. The account allows buy-side clients to deliver collateral directly to the clearing house and to retain beneficial title to it. Segregation at an International Central Securities Depository (ICSD) ensures that such securities collateral…
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Oracle today announced that it is gaining customer momentum across the industry’s most comprehensive cloud business. In FY17, Oracle Cloud Platform revenues were up 60 percent from FY16 to $1.4 billion. Organizations including Advanced Drainage Systems, ARRIS, Australian Finance Group, Benchmark, Detroit Water and Sewerage, Immofinanz AG, Malmo stad, Marz Systems, Mebrom, Nuvias Group, Pernod…
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Mortgage Guaranty Insurance Corporation (MGIC), the mortgage insurer, announced today the availability of mortgage insurance through WEI Technology LLC's loan origination system (LOS), LendingPad. Through the MISMO-based integration, originators utilizing the LendingPad LOS can order MGIC rate quotes and delegated mortgage insurance without leaving the platform. This automation of data exchange helps improve the loan…
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Neptune, the Fixed Income network for real-time “axe” indications, today announced the addition of MUFG to its network. MUFG becomes the 25th participating bank on the network and the 3rd to join in as many weeks. The Neptune network provides a venue for investors to consume bond axes/inventory data from their most trusted Bank counterparts.…
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Property investment platform LendInvest has launched first retail bond on the Order Book for Retail Bonds. LendInvest is also the first UK company on ELITE, LSEG’s business support and capital raising programme, to access the debt capital markets to support its growth. ELITE offers the UK’s most exciting and ambitious private companies a full programme…
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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 July 2017. The average daily traded volume submitted to CLS was USD1.60 trillion down 2% from USD1.64 trillion in June 2017. July 2016 June 2017 July 2017 Average daily traded…
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The World Federation of Exchanges (WFE), which represents more than 200 market infrastructure providers including exchanges and CCPs, today published its H1 2017 Market Highlights report. Market performance in the first half of 2017 was mixed. Overall, domestic market capitalisation reached record levels. Listings were also up on the same period. Secondary market activity was…
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The Bank of England has announced that after careful and serious consideration and extensive public consultation there will be no change to the composition of polymer used for future banknotes. The new polymer £20 note and future print runs of £5 and £10 notes will continue to be made from polymer manufactured using trace amounts…
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NEX Regulatory Reporting, a NEX Group (LON:NXG) business which provides regulatory reporting services across global regulatory regimes, announced that it has launched a new solution to support the EMIR Regulatory Technical Standards (RTS) Rewrite. Due to come into effect on 28 October 2017, ESMA’s EMIR RTS Rewrite aims to improve the transparency of the over-the-counter…
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Multi-asset execution and order management systems company FlexTrade Systems has announced the launch of a Best Execution Platform website to showcase the company’s new, comprehensive approach to ensuring Best Execution is planned, monitored and proven during the full trading life cycle. Andy Mahoney, Head of Sales at FlexTrade UK Ltd. in London, commented: Our FlexTRADER…
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