Tag: derivatives

The hire comes as custodians and buy-side firms rush to set up collateral management arrangements before the next phase of the uncleared margin rules.

With the Baton network, Citi will automate its collateral management as it becomes first FCM to connect to ICE Clear Europe.

All post-trade derivatives operations at BNP Paribas including reconciliation and post-trade processing will be managed by FIS under 10-year agreement.

The two firms stated they observed an 84% reduction in trade breaks and a significant reduction in non-value-added reconciliation work through the platform.

Post-trade investment is set to surge as record derivatives trading volumes led to failures across sell-side post-trade systems earlier this year.

The new service enables investment managers to retain control over the collateralisation of their non-cleared derivatives activities.

Banking giant and rising FinTech player look to create a zero-touch settlement payment process with a digital workflow for collaborative dispute resolution.

The two vendors will offer a joint solution facilitating end-to-end straight-through processing of derivatives transactions and collateral management workflows.

Partnership will see the expansion of e-contracts to help facilitate greater automation in the securities lending markets.

Initial margin collected by phase one firms for their non-cleared derivatives totalled $173.2 billion, an increase of 10% compared to year-end 2018.