Post Trade

LCH gains regulatory approval to clear FX NDFs in Japan

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SGX and national regulator develop tokenised asset settlement

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Singapore’s markets regulator and national exchange said they have successfully leveraged blockchain technology for settlement of tokenised assets.

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Charles River Forms Business Alliance with Cassini Systems to Automate Margin Estimation

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Charles River Forms Business Alliance with Cassini Systems to Automate Margin Estimation

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Europe’s CSDR: Custodians Face Reporting Headaches

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The European Central Securities Depositories Regulation (CSDR) is quickly turning into a misnomer for the legislation. Operations and IT managers at custodian banks must quickly develop new data consolidation and message reformatting workflow and technology to deliver the right information on settled and unsettled trades to local regulators in July 2019.  Given that the pan- […]

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CUSIP ID Codes Enter World of Blockchain

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Equities and bonds have identification numbers so why not tokenized asset offerings (TAOs). That’s the premise of a new agreement between blockchain startup Templum Markets and CUSIP Global Services (CGS) whose goal is to promote liquidity and post-trade operational efficiency for TAOs. North America’s national numbering agency will now issue CUSIPs or nine-digit alphanumeric codes […]

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BofAML’s Fake Trade Reports: Governance Breakdown?

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How could Bank of America Merrill Lynch get away with giving institutional customers phony trade execution, transaction cost analysis and expense reports for five years? Ten brokerage operations and IT managers contacted by FinOps Report can only speculate after reading the scant details in separate settlement reports issued by the Office of the Attorney General […]

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FINRA New Ops Certification: Two Exams Better?

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What is the difference between a stock, a bond, a derivative, an exchange-traded fund and other financial products? What are customer suitability rules, margin rules and custody rules? These might sound like simple questions, but for US brokerage operations managers who must abide by changes in test formats imposed by the US Financial Industry Regulatory Authority […]

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US T+1 Settlement: Not So Fast 

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What is the logical next step after moving from a three day to a two-day settlement cycle? It isn’t automatically one day or real-time settlement. How about something in between, say 20 fund managers, broker-dealers and banks surveyed by FinOps Report over the past week. The overwhelming response: “It’s not as efficient as T+1, but easier to achieve,” says one […]

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Central Clearing for US Treasuries: Pipedream or Reality?

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The have and have-nots. That is how operations and compliance executives at some fund management firms speak about the bifurcated system for how trades in US Treasuries clear. Fund managers tell FinOps Report they want a level playing field with broker-dealers. That means that buy-side trades in US Treasuries, such as bills, notes and bonds, […]

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