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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 the settlement cycle for US securities from T+2 to T+1. Moving to a shorter settlement cycle will ent...
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 settlement system with a distributed ledger technology (DLT) platform developed by Digital Asset. But si...
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. Print this page The news that stock trading platform Robinhood may be building a pl...