Page 3 - Trade Processing News Today

Sources question landmark projects' ability to use technology at scale as further delay besets ASX deployment

Asset manager wants industry to move faster in adopting “single source of truth” model

CSOP Asset Management Pte. Ltd. (‘CSOP’) and leading Singapore FinTech firm Hashstacs Pte Ltd (‘STACS’) today announced the completion of their Over-the-Counter (‘OTC’) Derivatives Trade Processing prototype, built by STACS on its Distributed Ledger Technology (‘DLT')-based platform, Vetta.

<p><span>The Depository Trust & Clearing Corporation (</span><a href="http://www.dtcc.com/" target="_blank">DTCC</a><span>), the premier post-trade market infrastructure for the global financial services industry, today announced that DTCC </span><a href="https://www.dtcc.com/institutional-trade-processing/itp/dtcc-exception-manager" target="_blank">Exception Manager</a><span>, it...

<p><span>The Depository Trust & Clearing Corporation (</span><a href="http://www.dtcc.com/" target="_blank">DTCC</a><span>), the premier post-trade market infrastructure for the global financial services industry, today announced that National Australia Bank Asset Servicing (NAS) has agreed to submit and maintain Standing Settlement Instructions (SSIs) directly via its ALERT service, the industry’s largest and mos...

The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced that National Australia Bank Asset Servicing (NAS) has agreed to submit and maintain Standing Settlement Instructions (SSIs) directly via its ALERT service, the industry’s largest and most compliant web-based global database for the maintenanc...

Osttra’s Joanna Davies is urging industry leaders to look for “quick wins”.

Shorter settlement cycles could hit non-US firms hard Shorter settlement cycles could hit non-US firms hard As efforts continue to shorten the settlement cycle for US securities to T+1, market participants in Asia worry about the potential implications. Print this page   The Depository Trust & Clearing Corporation (DTCC), the Investment Company Institute (ICI), and the Securities Industry and Financial Markets Association (Sifma) are currently engaged in a joint effort to shrink t...

WatersTechnology.com What can HKEx’s Synapse learn from watching ASX’s game of Chess? HKEx is looking to leverage smart contracts for its Synapse platform. Sell-side participants are generally positive as to the reasoning behind the build, but observers warn the ambitious project still has challenges to overcome. Print this page   The Australian Securities Exchange (ASX) has recently made a name for itself for its ambitious plan to replace its Chess equities clearing and settl...

A kick in the privates: In-demand unlisted stock trading faces tech, transparency challenges A kick in the privates: In-demand unlisted stock trading faces tech, transparency challenges Private stocks are opaque, illiquid, behave differently from public markets, and lack the same infrastructure as public marketplaces, creating back-office integration challenges for firms that want to trade these stocks in a more liquid manner. But as interest grows, that’s starting to change...