Market participants can agree, execute and settle repo transactions on the DLR platform. A digital repo approach allows collateral to be detached from the trade agreement and the cash remains off-chain. DLR also enables the immobilization of the underlying securities in the repo transactions, while transferring ownership via smart contracts executed on the platform. The…
Read more
Cristian Vlasceanu, CEO of Centroid Solutions, commented: We are delighted with our on-going partnership with Advanced Markets, a true leader in the Prime of Prime liquidity solutions. We share the same vision and determination to equip our clients with the best setups available, so it came naturally to enhance our partnership, and offer even more…
Read more
Gopher responded on Tuesday with disappointment in Playtech’s supplement circular, claiming that it has answered its questions and the urged its shareholders to vote against the sale of Finalto to the Consortium. In its latest response, Playtech stated that it does not agree with how Gopher described the string of events and claims it is…
Read more
The Playtech added: Shareholders should ask why Gopher continues to hide and should also be suspicious of Gopher’s credibility, particularly given that disclosure is crucial when buying a highly regulated business. Furthermore, the firm associated with Gopher, TT Bond Partners, is a small boutique brokerage that raises money from Chinese investors. Gopher’s behaviour has not…
Read more
Ray Tierney, President of Itiviti, a Broadridge business, commented: We are excited to formalize our four-year strategic partnership with Alpha Omega through this acquisition. We are leading technology innovation in post-trade, and this acquisition is a testament to our continued growth and momentum in transforming this space. NYFIX Matching is the first ‘one-stop’ platform to…
Read more
This means the pre-tax profit for the first half of 2021 has already eclipsed what HSBC brought in for the whole of 2020. With total pre-tax profit of $8.777 billion for 2020, HSBC feels that it is in a promising position moving towards the second half of 2021. The Group Chief Executive of HSBC, Noel…
Read more
The cross-currency swaps service is an extension of CLS’s PvP settlement service. It also uses the MarkitSERV trade confirmation platform to enable members of CLSSettlement to send their cross-currency swaps for settlement. The cross-currency swap flows are multilaterally netted against all other FX transactions in CLSSettlement, which results in a meaningful reduction in daily funding…
Read more
These software options are mainly aimed at Crypto NDFs and Crypto Spot. As this is an area of the business that 24 Exchange is looking to enhance, it makes sense that these software solutions are the first to be added to the 24 Exchange platform. It will also add low latency software to the 24…
Read more
The joint venture will combine the two companies’ post trade service. IHS Markit’s OTC derivatives and forex trade processing business will work together with CME Group’s OTC derivatives optimization businesses, operating as Traiana, TriOptima and Reset. The CMA first opened the investigation in June 2021 over concerns of “lessening of competition within any market or…
Read more
Revenue for the bank also rose sharply during the latest accounting period. The bank posted revenue of almost £100 million, an increase of nearly seven times the previous revenue of £14 million. These improved financial results combined with relaxed laws around going public means that Starling Bank is looking into the opportunity to float. After…
Read more