This Week: Delta Capita/SSimple, BNY Mellon, DTCC, Broadridge, and more
A summary of the latest financial technology news.
Source: waterstechnology.com
📰 Trade Processing News
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State Street Launches StreetFXSM Solution for T+1 Settlement
State Street Corporation announced that it is offering an automated workflow solution and integration with DTCC within State Streets foreign exchange trading service, StreetFXSM. DTCC is the premier...
Source: marketscreener.com
DTCC has released a new T+1 scorecard, available to its CTM community through its ITP Data Analytics service
Exchange Commission Central Trade Matching Trade Processing Asset Servicing Ollateral Management Latest News
Source: assetservicingtimes.com
Hacked off: banks demand answers after Ion cyber attack
Clients left in the dark about ransomware attack that disrupted futures trading last month
Source: risk.net
T+1 to increase cash drag and funding costs, investors warn
Faster settlement will create cash shortfalls for non-US asset managers
Source: risk.net
Ion cyber outage continues as banks rely on workarounds
ABN Amro, Macquarie, RBC among firms hit; ransom deadline tomorrow, but service may be down for days
United Kingdom Domhnall Mccormack Andrea Pignataro Bureau Of Investigations Us Treasury Department United Kingdom Financial Conduct Authority
Source: risk.net
Ion: after the hack, the clean-up
Some clients now using Ion systems again, but synchronising data with CCPs could take days
Kion Group Back Office Learing Members Xchange Traded Products Etps Futures Commission Merchant Fcm Listed Products
Source: risk.net
SIFMA, ICI, DTCC Publish T+1 Implementation Playbook
Resource provides guidance around activities, timelines, dependencies and risks associated with T+1 settlement.
Source: tradersmagazine.com
Growing use of 'carte blanche' keeps FCMs 'awake at night'
Executing brokers want to speed up trade processing, but practice is deemed risky by clearers
Futures Industry Association Fia Societe Generale Ice Clear Europe Lost Trade Futures Commission Merchant Fcm Prime Brokerage
Source: risk.net
Europe could face settlement squeeze with T+1 proposals and CSDR fines
Move to shorten the settlement cycle in the US could have knock-on implications for other markets, as the EU grapples with a new penalty regime.
Source: waterstechnology.com