settlement
The Depository Trust and Clearing Corporation (DTCC) has unveiled plans to explore the benefits of digitalisation in the public and private markets and whether new technologies can strengthen post-trade processes and reduce risks and costs. The proposals are contained in two case studies that advance the organisation’s efforts to evaluate new ways to enhance post-trade […]
Thirty-two banks in Italy have gone live with one of the first real-world deployments of enterprise blockchain technology in interbank financial markets. The Spunta Banca DLT app for interbank reconciliation has been built by the Italian Banking Association (ABI) on R3’s Corda Enterprise platform. “This heralds one of the most significant real-world digital transformations in […]
State Street has announced that it is collaborating with CLS to provide asset managers with a consolidated view of CLS Settlement information across their accounts for the first time. The collaboration will combine TradeNeXus, State Street’s electronic post-trade processing service, with CLS’s post-trade monitoring and reporting tool, CLS Trade Monitor, allowing asset managers to efficiently manage […]
FX settlement utility CLS is the latest market function to unveil record turnover in March following a raft of platforms doing the same earlier this month. CLS says that it handled $2.194 trillion per day across FX products, with increases in all segments. This represents a 21.1% increase from February and a17.8% rise year-on-year. Spot […]
CLS says that Actinver, BNP Paribas, Citibank and JP Morgan are live on CLSNet, the utility’s standardised, automated bilateral payment netting calculation service for over 120 currencies operating on a distributed ledger technology (DLT) platform. This means there are now nine market participants live on CLSNet, including Bank of America, Bank of China (Hong Kong), Goldman Sachs, Intesa Sanpaolo […]
There is plenty for Colin Lambert and Galen Stops to get their teeth into this week as the BIS released a series of papers studying the data in the Triennial FX Turnover Survey. From working out who the mysterious “others” were in the survey, through some initially confusing execution data, to a signalling of the […]
AccessFintech has announced the completion of production launch and says it is now live with a new industry use case aimed at enhancing and improving the market’s settlement exception resolution process. The company has partnered with four banks in this effort, with Citi, Credit Suisse, Goldman Sachs and JP Morgan jointly launching an industry-wide collaboration […]
By Brian Charlick, Risk & Regulation Financial Services, CGI During the past decade we have witnessed a significant shift in the payments and banking landscape. A drive to mobile banking, fintechs, younger tech-savvy demographics and new global financial instruments have driven up payments volumes. This pattern of increased volumes has coincided with ever increasing demands […]
And so, Mark Johnson’s battle to have his conviction overturned moves onto the next chapter with a petition for either a re-hearing by the original appeal court panel or by the entire appeals circuit bench – and it is to be hoped that enough of the judges concerned see the absolute need for such a […]
New technologies and old issues are on the agenda for this week’s podcast as Colin Lambert and Galen Stops take a look at the likely impact of blockchain on FX swaps. Stops makes the point that this would be a radical step for what is often seen as an archaic segment of the market, but […]
