Sumitomo Mitsui Trust Bank adopts DTCC Alert GC Direct to manage settlement process LeapRate

July 23, 2018 BY Valentina Kirilova

Sumitomo Mitsui Trust Bank adopts DTCC Alert GC Direct to manage settlement process

The Depository Trust & Clearing Corporation (DTCC), the premier post-trade infrastructure for the global financial services industry, has announced that Sumitomo Mitsui Trust Bank (U.S.A.) Limited (SuMi TRUST USA) has become the first Japanese global custodian to go live on the ALERT Global Custodian Direct (GC Direct) workflow. With GC Direct, SuMi TRUST USA can…

July 23, 2018 BY LeapRate Staff

Market maker XTX Markets sees Revenues of £154M in 2017, £61M profits

Electronic market maker XTX Markets Limited has released its financial results for 2017, indicating significant growth in revenues although profits remained flat. XTX, which is controlled by founder and co-CEO Alex Gerko, reported that Revenues for 2017 rose by 17% from the previous year, £154.6 million (USD$ 203 million) versus £131.9 million. The company earned…

July 20, 2018 BY Valentina Kirilova

Hong Kong’s asset and wealth management business reached $24,270 billion in 2017

The Hong Kong Securities and Futures Commission (SFC) has released the findings of its annual Asset and Wealth Management Activities Survey, previously known as the Fund Management Activities Survey, which shows that the asset and wealth management business in Hong Kong amounted to $24,270 billion (US$ 3,108 billion) as at 31 December 2017. To provide…

July 19, 2018 BY Valentina Kirilova

CLS reports record traded volumes in H1 2018

CLS Group, the market infrastructure provider of risk mitigation services to the global FX market, has just published its operating metrics for the month of June 2018. The average daily traded volume submitted to CLS was USD1.899 trillion up 5.9 percent from USD1.793 trillion in May 2018. Average daily traded volume submitted to…

July 19, 2018 BY Valentina Kirilova

New hedge fund Albar Capital chooses FlexTrade’s FlexNOW for equities and futures

Multi-asset execution and order management systems company FlexTrade has just announced that Albar Capital Ltd., a new hedge fund led by Javier Velazquez (formerly of Millennium Capital Partners LLP), is now trading equities and futures using FlexNOW, FlexTrade’s new execution management system. The FlexNOW team was instrumental in solving several of our problems,” said Jason Ruder,…

LCH SwapAgent completes its first trades compression

July 18, 2018 BY Valentina Kirilova

LCH clears first SOFR swaps

LCH, a global clearing house, has announced that it has cleared the first U.S. Dollar interest rate swaps referencing the Secured Overnight Financing Rate (SOFR). Credit Suisse, Goldman Sachs and J.P. Morgan were among the first participants to clear swaps using the new rate. This follows the June 2017 announcement by the Alternative Reference Rates…

July 18, 2018 BY Valentina Kirilova

NEX Markets with BME to expand BrokerTec platform's clearing options

NEX Markets, a NEX (LON:NEX) business which provides electronic trading technology services in the fixed income and foreign exchange (FX) markets, announced today that BrokerTec Europe Limited has signed an agreement with BME Clearing, the Spanish Central Counterparty (CCP) operated by BME, to launch a new clearing option for BrokerTec’s existing clients. The agreement expands…

July 18, 2018 BY Valentina Kirilova

EACS acquires financial data disaster recovery specialist Sentronex

Managed services provider EACS has announced that it has acquired the privately held IT services company Sentronex. Based in London, Sentronex provides high quality disaster recovery and IT managed and professional services to the UK’s City financial organisations. Founded in 2005, this company works specifically with FCA regulated businesses, using its specialist understanding of this…

July 18, 2018 BY Valentina Kirilova

DTCC opens office in Dublin Ireland ahead of March 2019 Brexit

The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, has just announced that it intends to open a new office in Dublin, Ireland, to continue providing an authorised regulatory reporting service for clients in the EU27 and the UK as the UK advances towards a departure…

INTL FCStone opens its know-risk platform to broader market

July 17, 2018 BY Valentina Kirilova

INTL FCStone Ltd becomes member of LMEprecious service

INTL FCStone Inc. (NASDAQ: INTL) has announced that its London-based subsidiary, INTL FCStone Ltd, is one of the first general clearing members to join the London Metal Exchange's (LME) newly created LMEprecious service, following its launch last year. The LME, along with the World Gold Council and a group of industry participants, created LMEprecious to…

Category: Institutional