All Articles

Articles

30 Sep 2020 — Bill Hodgson

Cassini Systems, the leading provider of pre- and post-trade margin and collateral analytics for derivatives markets, today won Global Investor Group’s Investment Excellence Award for Post-Trade Solution of the Year. A panel of judges composed of senior market participants selected the winners from shortlists identified by the Global Investor editorial team.

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29 Sep 2020 — Deputy Editor

Quantile, has been awarded GlobalCapital’s Global Compression Service of the Year - for the second consecutive year.

Praised by GlobalCapital Magazine for a year in which Quantile, "grew its core business and evolved its offering to meet clients' needs against a shifting regulatory backdrop," the award recognises Quantile's success in supporting banks to manage their counterparty risk while also increasing the efficiency and liquidity of financial markets.

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28 Sep 2020 — Bill Hodgson

Fee holiday. That’s right. For at least the next 12 months, we’re not charging execution fees; and for at least six months, there are no clearing fees. And zero fees for market data.

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28 Sep 2020 — Deputy Editor

LCH SwapAgent has registered its first SONIA/SOFR cross-currency basis swap. The GBP / USD basis swap was executed between Bank of America and Lloyds Bank Corporate Markets.

Nathan Ondyak, Global Head of LCH SwapAgent, said: "This latest milestone for LCH SwapAgent demonstrates the service's capability to facilitate a coordinated transition to risk free rates for non-cleared OTC derivatives. This neatly complements our existing offering which is delivering operational and funding efficiencies to a growing community of members."

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25 Sep 2020 — Deputy Editor

The crypto exchange and custodian provides individuals and institutions with simple, reliable, and secure cryptocurrency exchange and custody services.

The UK launch follows the Financial Conduct Authority (FCA) granting it an Electronic Money Institution (EMI) license. Gemini is one of the first businesses that the FCA has approved as part of its Fifth Money Laundering Directive (5MLD) cryptoasset registration process.

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24 Sep 2020 — Bill Hodgson

New research points to a resilient European FinTech growth engine, however limited exit options beyond IPO for European Unicorns 

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23 Sep 2020 — Deputy Editor

MarketAxess has entered into an agreement to acquire the Regulatory Reporting Hub, the regulatory reporting business of Deutsche Börse.

The Regulatory Reporting Hub is a pan-European reporting and compliance platform with services including trade and transaction reporting, best execution reporting and SI services, as well as APA and ARM services.

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23 Sep 2020 — Kirston Winters

After the recent uptick in EuroSTR (a.k.a. €STR) volumes in late July driven by the major CCPs switching from using EONIA to EuroSTR for discounting all Euro OTC interest rate products we looked at August data to see if this was just a blip or whether EuroSTR in fact held its increased share of the market throughout August. 

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CloudMargin Webinar July 10th UMR
22 Sep 2020 — Bill Hodgson

CloudMargin, creator of the world’s first and only collateral and margin management solution native to the cloud, today announced that it has closed on its largest funding round to date, bringing in $15 million in a Series B capital raise. Primary investors were Deutsche Börse, one of the largest exchange organisations worldwide, along with Tier-1 global investment banks and current CloudMargin clients Deutsche Bank and Citi.

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22 Sep 2020 — Deputy Editor

UBS Group is experimenting with virtual reality headsets to simulate the trading floor, according to the Financial Times. Microsoft HoloLens headsets are being tested by the bank.

At a time when COVID cases are increasing, banks are struggling to bring their employees back into a trading environment, and are looking at alternative technology solutions.

"If people really can't come to the office, can we create a virtual presence?...We are thinking about experimenting with the tools that are out there," Beatriz Martin, head of UBS in the UK head, is cited as saying.

 

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21 Sep 2020 — Bill Hodgson

Andrew Hauser explains why companies need to act now to transition from using LIBOR to SONIA as an interest rate benchmark. Andrew speaks as the Executive Director for Markets at Bank of England at the 'Is Your Business Prepared for LIBOR?' webinar.

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21 Sep 2020 — Deputy Editor

Akshay Aiyer, a former Emerging Market FX trader at JPMorgan, has been sentenced to eight months and ordered to pay $150,000 for market manipulation.

Using Bloomberg chat rooms, personal mobile phones, and private meetings Aiyer conspired to manipulate Central and Eastern Europe, the Middle East, and Africa (CEEMA) markets, prices and spreads. Others involved were Jason Katz (formerly at Standard Chartered) and Christopher Cummins (formerly at Citi), who both received a more lenient sentence in return for helping with the prosecution of Aiyer.

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