Post-trade
CLS and TriOptima compress $1 trillion in forwards and swaps
The combined effort to reduce the size of outstanding portfolios crosses the $1 trillion mark in just over one year
FX central tape to launch end of Q2, but without banks
Participants to move ahead without banks amid rising demand from end-users for transparency and cost analysis
Swift seeks to add more services to stay engaged with clients
Head of securities and FX says value-added services will be a focus in 2017
CLS sees spike in input volumes as FX traders battle markets
Volumes in the Mexican peso were at 63 times average between 02:00 GMT and 03:00 GMT
CLS upgrades infrastructure channel for settlement members
A new member gateway based on Swift ISO standards is expected to save up to $500,000 per settlement member
First commercial DL solution to handle 1.4bn daily transactions
Digital ledger technology will be front and centre of the post-trade battleground
TriOptima and SwapClear include first client-cleared trades
Eighteen participants in compression cycle for Canadian dollar interest rate swaps, eliminating $1.05trn in notional principal
Blockchain adoption by banks at least six years away
Banks are holding back due to regulatory uncertainty and lack of in-house expertise, research by Six Securities Services finds
Icap acquires Abide Financial
The regulatory reporting specialist will become part of Icap's post-trade risk and information division
CLS to launch payments netting service
CLS Netting, expected to go live in late 2017, will allow institutions to net trades currently not included in the CLS settlement service
Synechron rolls out cloud-based blockchain applications
Among them is an accelerator for global payments that enables payment to banks in a single reserve, cutting both costs and the middlemen involved in these transactions
Cobalt enters beta-testing phase with DL platform
Post-trade venue expected to go live in 2017, with eight institutions already signed up
Abide Financial partners Corvil
Clients will gain top-class precision in time-stamped transaction reporting and full compliance with Mifid II
CLS to offer aggregated FX trade data via Quandl platform
The partnership will enable subscribers to access hourly, daily and monthly reports
Wells Fargo becomes latest member of CLS
Settlement volumes rose 12.6% in June to stand at $2.56 trillion
Best Post-Trade Services Provider: CLS TriOptima
While not even a year old, the partnered service has saved dealers more than $112 billion in notional exposure
FXCH clears first institutional FX spot trade on blockchain
FX Clearing House from Ireland-based Baxter FX sets its sights on becoming the go-to CCP for all spot FX participants
XTX picks Abide Financial for transaction reporting
Non-bank market-maker chooses post-trade partner
FXCT project signs up 10 partners
Galinov-led central tape initiative expected to go live this year
TradAir and Elysium partner to launch front to back FX solution
Post-trade services provider Elysium and e-FX front-office specialist TradAir enter into alliance
Icap announces post-merger name
Once the interdealer broker sells its global broking business to Tullett Prebon, the new company will be called Nex Group
Broadridge acquires Dojima to boost derivatives clearing
Capping what Broadridge calls its "best-of-breed" offering for exchange-traded derivatives
Broadridge launches post-trade tool for sell side
The technology can be used to build a consolidated enterprise platform across the business and asset classes
Five-year wait for Wall Street's adoption of blockchain
Distributed ledger technology will transform the financial industry, but not for another three to five years