Citi and Deutsche Bank execute first SwapAgent trades 07 September 2017 London Reporter: Jenna Lomax LCH’s new SwapAgent service has completed its first trades, facilitating an interest-rate swap and an inflation swap between Citi and Deutsche Bank
North America slims down to T+2 05 September 2017 New York Reporter: Drew Nicol The shorter settlement timeframe also aligns these markets with the EU, which moved to a T+2 settlement cycle in 2014
GlobalCollateral and CloudMargin to combine forces on settlement 22 August 2017 London Reporter: Stephanie Palmer CloudMargin has entered into an agreement with DTCC-Euroclear GlobalCollateral to connect with its Margin Transit Utility
LCH launches new SwapClear client account 15 August 2017 London Reporter: Drew Nicol Global clearinghouse LCH has introduced a new type of client account within its SwapClear service that allows buy-side clients to deliver collateral directly and retain beneficial title
SWIFT to provide gateway for US real-time payments 15 August 2017 New York Reporter: Jenna Lomax US banks will have the opportunity to use a single platform, Alliance Messaging Hub (AMH), for making real-time payments through TCH
LCH and Euronext secures 10-year deal on MiFID II derivatives 09 August 2017 Paris Reporter: Jenna Lomax The deal allows for clearing services for listed financial and commodity derivatives for the next 10 years
Eurex Clearing calls default drill a success 03 August 2017 London Reporter: Jenna Lomax Eurex Clearing successfully simulated the failure of a major clearing participant in a global fire drill in April, the clearinghouse has revealed
FDIC tells firms to prepare for T+2 31 July 2017 Washington DC Reporter: Mark Dugdale US financial services firms should take appropriate steps to ensure they are prepared for the move to T+2 settlement on 5 September
Deutsche Börse engages T7 for cash 04 July 2017 Frankfurt Reporter: Drew Nicol Deutsche Börse shifts cash trading onto T7 and Eurex introduces new derivative hedging tools for the buy side
New settlement netting service launches for OTC FX 03 July 2017 London Reporter: Stephanie Palmer NEX Optimisation has launched its automated settlement netting service, which it calls the first of its kind in the industry
BNP Paribas welcomes four new users for US custody platform 03 July 2017 New York Reporter: Drew Nicol BNP Paribas Securities Services has secured four new European online banks as clients for its US broker-to-custody platform
Access to China’s bond market formed through Tradeweb 26 June 2017 New York Reporter: Drew Nicol Northbound trading will begin in the initial phase, meaning overseas investors will be able to invest in the China inter-bank bond market
