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Join State Street, Margin Reform and Cassini Systems as they delve into the world of Collateral Optimization; From Buzzword to Reality.
The Fintech Open Source Foundation, together with platinum member Goldman Sachs, today announced the launch of Legend, Goldman’s flagship data management and data governance platform.
PwC has spun out its proprietary intelligent data capture technology to create a new independent business LIKEZERO in a management buy-out backed by Souter Investments, the private equity focussed family investment office and Manfield Partners Limited.
Choices for FX traders have been between the simplicity of exchange traded options and the flexibility of OTC options with a gap between the two. CME have provided listed options for some time, but have moved to decrease or eliminate the differences to bring the best of both worlds.
TransFICC has announced the appointment of Gary Vann as Head of Sales in a year when its workforce has grown by 50%.
Based in London, Gary is responsible for business development globally. An industry veteran, he has worked in Fixed Income sales for over 30 years, most recently at Nasdaq Fixed Income where he was Head of EMEA Sales and Account Management. Previous roles included working at BGC Partners broking US Treasuries and $IRS, at BrokerTec in US and CAD Bond sales, and RMJ Securities as a US Treasury Broker.
The gross market value of over-the-counter (OTC) derivatives, which provides a measure of amounts at risk, rose from $11.6 trillion to $15.5 trillion during the first half of 2020, led by increases in interest rate derivatives.
CloudMargin, creator of the world’s first and only collateral and margin management solution native to the cloud, has once again won the award for Best Buy-Side Collateral Management Tool at the 14th annual Buy-Side Technology Awards, hosted by WatersTechnology in a virtual ceremony on Friday. This marked the company’s fifth win in the category.
The Monetary Authority of Singapore (MAS) has once again promoted the adoption of FinTech by financial institutions, most recently announcing the launch of a S$35 million (US$ 26 m) grant to help smaller financial institutions adopt digital solutions for more streamlined reporting to MAS.
The adoption of digital solutions will facilitate more efficient processes for the preparation and submission of data, in line with regulatory requirements.
The Indonesia Stock Exchange (IDX) has launched SPPA, a new Electronic Trading Platform (ETP) for secondary market trading of bond and sukuk.
Indonesia is one of the largest EM bond markets in the region, valued at around USD 220 BN equivalent. To date, 18 of the 20 Primary Dealers for Government Bonds (SUN) have become users of the platform, along with a further three Indonesian bond market trading firms which can start using the trading platform.
ASX had flagged a delay to the project, which was scheduled for 2021, amid market turmoil in March. A proposed target of April 2022 has now been moved to 2023 after consulting market participants, ASX said in a statement.
The 2008 financial crisis and the years following had a drastic impact on collateral management and elevated the importance of its operations as evidenced by many firms’ initiatives to create operational and technological efficiency in collateral management. As a result, collateral management is one of the few functions that is making a dramatic shift from the back office to the front office—a key evolution in a post-COVID-19 pandemic world.
BrokerTec has added U.S. Repos to its dealer-to-client RFQ trading platform, BrokerTec Quote. The platform was originally launched for European Repo, European sovereign debt and UK gilts Repo in June 2019.