T2S launch supported by Swift’s VAN Solution
Target2-Securities went live on Monday and Swift's Value Added Network (VAN) Solution for T2S supported the launch.
Dealing & Trading
Background
All corporate treasury departments deal in one or more of the following financial instruments: FX, money market, interest rate derivatives, equities and commodities. Mostly the corporate treasury…
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ACI FMA association’s new Model Code 2015 on governing ethics & market conduct
Updated version gives new guidance governing ethics and market conduct across fixed income, currency and commodity markets
IFX Forum Publishes Version 2.4 of IFX Business Message Specification
Forum's Annual Meeting, April 27-29, to discuss Future Plans
Bloomberg TOMS designated as FCA approved reporting mechanism for MiFID reporting
Potential opens up to use a single trading platform for all asset classes
Misys extends trade reporting capabilities to DTCC Global Trade Repository
Hosted Regulatory Reporting Service now set for global reporting and commodities support
Kantox - the peer-to-peer FX netting service - has taken $1bn FX trades
From $0 to $1bn in 4 years. Peer-to-peer netting service is now well proven with over 1,000 corporate clients in 20 countries. “Here’s to the crazy ones…. who see things differently.”
ICAP Information Services launches the ICAP Bond Correlated Call US Treasury Index
ICAP BCC is a fixed income strategy index, representing the enhanced income received on physical bond holdings when a product on the index is launched
Corporates migration to FX algos and to Single Dealer Platforms will continue
Greenwich research shows that financial institutions and corporates are moving to single dealer platforms using algo trading
Bloomberg Swap Execution Facility in first year completes nearly 150,000 trades
Emergence of “packaged” trades allowed participants to better mitigate risk, and new multilateral trading facility (MTF) in Europe in development
Does CitiFX Pulse single dealer platform remove need for multi-dealer platforms?
SDP algorithmic FX dealing solutions and benchmark solutions are now so advanced and transparent that this is now a valid option. Should corporates avoid using MDPs for really large deals?
ITG launches FX Volatility Index application
New Index forecasts volatility in coming trading day based on historical trends & adjusts for implied volatility as well as recent volatility trends across dealers and ECNs on previous trading day
ICD Investment Portal adds AutoPay™ Settlement Process using multi-layer security
Enter purchases on ICD Portal & simultaneously authorize secure wire settlement disbursement
European Comission pushing ahead with Financial Transaction Tax
Despite opinion questioning its legality and a big drop in trading in Italy & France due to FTT
360 Trading Networks Inc. receives temporary SEF registration by CFTC
Multi-asset class Swap Execution Facility to be available 360T trading platform
SWIFT‘s Affirmations application supports compliance with EMIR
Affirmations application - compliance with EMIR by making multi-asset electronic clearing
Thomson Reuters adds FXall users to their Eikon Messenger messenger service
Thomson Reuters has expanded the Eikon Messenger community on the buy-side through the integration of its FXall clients.
Citi adds “Nominee” and “Fully Disclosed” accounts to their investment portal enhancing balance tran
Citi have enhanced their investment portal, Citibank® Online Investments, adding "Nominee" and "Fully Disclosed" account options to the current omnibus account model - see figure - providing enhanced balance transpa
Citi introduces market infrastructure Risk Heat Map
Citi has introduced the Market Infrastructure Risk Heat Map ("Risk Map") to provide investor and intermediary clients with comprehensive risk evaluations for each market in Citi's global network.
BELLIN Matching Service
To meet EMIR and other regulations requirement for contract matching, BELLIN have launched a confirmation matching service for their treasury management system tm5.
ICD identifies serious operational and accounting problems with proposed Floating NAV for Money Mark
Institutional Cash Distributors (ICD) have released their ICD Commentary™ Operational and Accounting Issues with the Floating NAV and the Impact On Money Market Funds.
Tri-party Repos now available on 360T
Tri-party Repos are now available on the 360T trading platform. The new service is fully integrated with Clearstream - see figure - and uses either GMRA (bilateral) agreements as well as the new
Tradition has launched ParFX, a spot forex trading platform with the backing of 11 major banks
After testing with member banks and software vendors, the platform is now open to all finance firms able to settle via CLS. ParFX aims to provide a spot FX environment where advanced technology
e-FX uptake continues to grow
A new report released today, 'Trading Slowdown Can't Stop the Electronification of FX', by Greenwich Associates shows that the continued adoption of e-trading by large numbers of institutions and