HKEX appoints SWIFT’s former head of capital markets strategy to key post-trade role
The hire comes at a crucial time for the exchange group as it looks to implement and roll out a number of key post-trade initiatives.
Tag: settlement
Brexit: What happens now?
Following the UK’s official exit from the EU single market, regulators on both sides of the Channel appear to be splitting on post-trade regulations. What are the potential consequences for this on the post-trade industry?
Paxos completes same-day settlement in US equities market for Credit Suisse and Instinet
The exercise between Credit Suisse and Nomura's Instinet demonstrated the ability for firms to execute and settle US equities trades conducted throughout the day.
DTCC processes 10 million SSIs as part of industry effort to minimise settlement failures
The landmark figure is part of an industry effort to significantly improve securities settlement efficiency rates ahead of the Settle Discipline Regime (SDR).
DLT-based securities settlement in central bank money test hailed a success
Deutsche Boerse, Deutsche Bundesbank and Germany’s Finance Agency conduct DLT-based securities settlement in central bank money.
High rate of equities settlement failures in Europe remains a cause for concern
Market participants will be conscious of European settlement rates with incoming regulation on the horizon which penalises fails.
Euroclear transfers €100 billion of Irish securities from UK to EU settlement house
Many investment banks have had to scramble to update their back-office operations in order to prevent a potential spike of failed trades.
DTCC outlines two-year roadmap for transition to shorter settlement
A new white paper highlights the benefits of moving to a T+1 settlement cycle and details plans to achieve this in two years.
Citadel’s Griffin advocates move to T+1 settlement for US equities market
The comments were made before the US House of Representatives’ Committee of Financial Services, which discussed the increased volatility from retail traders in January.
Industry associations relentlessly protest the SDR buy-in regime
As the consultation period for Europe’s Settlement Discipline Regime concludes, industry associations again step up calls for the removal of mandatory buy-ins.