09 June 2017
Reporter: Stephanie Palmer
SimCorp embraces derivatives liquidity boost
SimCorp is partnering up with multi-dealer derivative platform OTCX to provide a more integrated trading workflow for over-the-counter (OTC) derivatives.

Through the partnership, SimCorp buy-side clients will gain access to the OTCX Request For Quote (RFQ) platform, and a network of OTC liquidity providers.

The new service is intended to provide more automation and a more efficient way of managing OTC trading, while reducing dependence on manual processes and increasing straight-through processing for interest rate derivatives, equity derivatives and structured products.

I will also provide a single source of data, and an audit trail for each trade, allowing for easier compliance with reconciliation, best-execution and trade reconstruction requirements under the second Markets in Financial Instruments Directive.

Matthew Reid, product manager for trading at SimCorp, said: “This partnership is testament to our mission; to provide clients with a simplified and highly automated workflow, across the entire investment lifecycle, through one core open system.”

“It is our belief that one source of data through the consolidation of systems, which offer extensive coverage across all asset classes and instruments, arms the buy side with the best foundation to achieve their investment goals.”

Nicolas Koechlin, CEO Of OTCX, commented: “SimCorp and OTCX’s new collaboration will further enhance the trading experience for the buy side with a seamless end-to-end OTC derivatives electronic workflow.”

He added: “Together we will provide more intelligent tools and better use of data leading to seamless transparent transactions.”

More technology news
The latest news from Asset Servicing Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
LSEG and IBM partner for SME blockchain
20 July 2017 | London | Reporter: Drew Nicol
The framework will be built on Hyperledger Fabric version 1.0 and hosted by The Linux Foundation
New OMS launches to support firms in MiFID II
19 July 2017 | London | Reporter: Stephanie Palmer
London-based financial technology start-up Hedgd has launched its cloud-based order management system, to support firms in compliance with the second Markets in Financial Instruments Directive
European banks join forces for SME blockchain venture
14 July 2017 | Paris | Reporter: Drew Nicol
Paris Europlace, along with seven European banking partners, has launched LiquidShare, post-trading blockchain infrastructure for the small and medium enterprise market
Financial institutions seeking blockchain buffs
13 July 2017 | London | Reporter: Stephanie Palmer
The increased use of blockchain technology in financial services is leading institutions to seek new recruits with skills in the technology, according to research from recruiter Robert Half
Hyperledger Fabric 1.0 goes live
12 July 2017 | London | Reporter: Drew Nicol
Blockchain developer Hyperledger has achieved a “huge milestone” with the launch of Hyperledger Fabric 1.0, according to IBM chief technology officer of open technology Chris Ferris
R3 working with Intel on Corda security
12 July 2017 | New York | Reporter: Stephanie Palmer
R3 is collaborating with Intel to improve data privacy and security for Corda, its distributed ledger technology platform
Profile acquires treasury software provider
11 July 2017 | London | Reporter: Stephanie Palmer
Financial solution provider Profile Software is set to acquire 100 percent of Login, an international provider of treasury software
More technology news