“We should not jeopardize the standing of these markets, much less the safeguarding of customer property, in the rush of new and untested models to market.”
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“We are proud to deliver a system that plays an integral role in the core of this historical merger, empowering one of Latin America’s most crucial markets with VeriClear’s state-of-the-art technology, together with our deep market expertise.”
Chicago-based trading software provider, Trading Technologies International, Inc. (TT), is set to acquire ATEO SAS, a developer of post-trade solutions for listed derivatives. The deal is expected to close by the end of February and aims to expand TT’s portfolio with clearing and middle-office technologies and services.
Noor Clearing has been honored with the ‘Best White Label Solution’ award at the Ultimate Finance Awards MEA 2024, marking a landmark achievement for the company.
“Our aim is to introduce a global derivative trading platform, regulated in the US, that marks a pivotal shift from traditional USD and Treasury margin collateral to incorporating digital assets as collateral as well. This change is intended not just for crypto trading but also for a broad spectrum of physical and digital commodities.”
The new rules require covered clearing agencies in the U.S. Treasury market to implement policies ensuring the clearing of specific secondary market transactions. Clearing agencies are also mandated to separately calculate and collect margin for house and customer transactions and facilitate access to clearing, even for indirect participants.
RQD* Clearing is known for its modern approach to correspondent clearing, providing clearing, custody, and execution solutions that cater to the needs of today’s market participants.
As the derivatives industry continues to compete for talent, firms prioritizing workforce and technology strategies are poised to emerge as leaders in the long run.
While SA-CCR provides a more risk-sensitive framework for assessing counterparty credit risk in derivatives, it also introduces challenges like higher capital requirements and operational complexities, particularly for FX derivatives. This has significant implications for financial institutions’ risk management strategies and capital allocation.
FinClear, Australia’s leading provider of trade execution and third-party clearing services, has recently adopted Eventus’ Validus platform for enhanced trade surveillance and post-trade monitoring.
The ASX-Tata partnership marks a strategic shift in the direction of the CHESS Replacement program, reflecting a move away from blockchain to a more traditional database system, albeit with potential for future blockchain integration.
The Securities and Exchange Commission (SEC) has implemented new rules to bolster governance at all registered clearing agencies, a move designed to mitigate conflicts of interest within their boards of directors or equivalent governing bodies.
London-headquartered commodities broker Marex has announced its entry into the Australian Securities Exchange (ASX) as a futures clearing and trading participant. This move is expected to intensify competition, thereby providing Australian wholesale investors with a broader array of choices.
“We’re pleased to have a seasoned executive like Brian bring his expertise in clearance, settlement, middle office operations, digital transformation, and client engagement to DTCC to lead these critically important businesses.”
Digital assets clearing house, ClearToken, paves the way for institutional participation in the digital asset space
“As the only federally chartered crypto bank in the US, Anchorage Digital Bank is the ideal partner to support EDX’s build of a robust and compliant clearinghouse business.”
“Through a phased migration process, B3 will gradually transform its clearinghouse solution onto a new platform, reinforcing our strategic commitment to technological innovation and capturing direct benefits for our clients.”
“Combining FX Smart Clearing with our post-trade optimization technology is the ideal approach to managing capital for our customers.”
The new service addresses challenges caused by regulatory changes that are resulting in market participants having to manage increased capital demands and additional operational inefficiencies that increase the costs of bilateral SFTs and may lead to a reduced capacity and appetite to borrow or lend.
