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Custody & Clearing News

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61-75 of 308 results
United Overseas Bank to deploy FlexTrade technology suite
By BBR Staff Writer
Singapore-based United Overseas Bank (UOB) has selected FlexTrade Systems’s MaxxTrader and FlexFX as its white label and enterprise FX trading technologies, with an aim to boost FX trading across the globe.
Intermediaries > Custody & Clearing > News
ICE Link and Cetip unveil Post-Trade services for Brazilian bond market
By BBR Staff Writer
IntercontinentalExchange (ICE), a global markets and clearing houses operator, has teamed up with Cetip to offer its post-trade workflow tool for the global credit default swap (CDS) market at Cetip's bond trading platform, Cetip|Trader.
Intermediaries > Custody & Clearing > News
FINRA penalizes Morgan Stanley over best execution and fair pricing violations
By BBR Staff Writer
The Financial Industry Regulatory Authority (FINRA) has imposed a monetary penalty of $1m against Morgan Stanley Smith Barney and Morgan Stanley & Co, for failing to offer best execution in certain customer transactions involving corporate and agency bonds.
Intermediaries > Custody & Clearing > News
Goldman may incur $100m losses over trading glitches
By BBR Staff Writer
Investment bank Goldman Sachs is likely to sustain a potential loss of $100m due to a trading glitch, which sent expressions of interest as orders to various exchanges in the opening minutes of trading on 20 August 2013.
Intermediaries > Custody & Clearing > News
Moscow Exchange and Eurex agree to collaborate on FX trading
By BBR Staff Writer
The Deutsche Börse Group’s derivatives arm Eurex and Moscow Exchange have embarked on a cooperation contract for the trading of foreign exchange (FX) derivatives.
Intermediaries > Custody & Clearing > News
Citi expands fund administration and global custody services to Sagicor Jamaica
By BBR Staff Writer
Global financial service conglomerate Citi has reached an agreement to offer a complete suite of fund administration, global custody and treasury services for Sagicor Investment Jamaica Limited (SIJL) and Sagicor Sigma Funds (Unit Trust).
Intermediaries > Custody & Clearing > News
Saxo Bank rolls out USDRUB and EURRUB FX Options
By BBR Staff Writer
Multi-asset online trading and investment company Saxo Bank has introduced two new crosses to its OTC FX options offering, USDRUB and EURRUB, to support clients’ trading strategies and to enable them to manage complex portfolios.
Intermediaries > Custody & Clearing > News
IntercontinentalExchange to launch new CDS execution facility
By BBR Staff Writer
IntercontinentalExchange (ICE), a global markets and clearing houses operator, has decided to establish its credit default swap (CDS) execution facility, dubbed as ICE Swap Trade, with the assistance of many other market participants.
Intermediaries > Custody & Clearing > News
Standard Bank in talks with China’s ICBC over London business sale
By BBR Staff Writer
South Africa-based Standard Bank is reportedly engaged in discussions with Industrial and Commercial Bank of China (ICBC) to offload its London commodity trading business, in a deal which is expected to be settled around $500m.
Intermediaries > Custody & Clearing > News
Liechtenstein bank agrees to pay fine to settle US tax evasion case
By BBR Staff Writer
Switzerland-based Liechtenstein bank has inked a settlement with the US department of justice and agreed to reimburse $23.8m in fine to resolve criminal tax investigation case.
Intermediaries > Custody & Clearing > News
Aberdeen, Artemis and Schroders select Euroclear UK & Ireland for investment fund settlement
By BBR Staff Writer
UK-based investment fund houses Aberdeen Asset Management, Artemis Fund Managers and Schroders Investment Management have appointed Euroclear UK & Ireland (EUI) to settle transactions in their funds.
Intermediaries > Custody & Clearing > News
Citi adds new global liquidity hub in Amsterdam
By BBR Staff Writer
Global financial service organization Citi has expanded its liquidity management network with the addition of Notional Pooling in Amsterdam, in response to fulfill clients’ needs of true, end-of-day cash aggregation and optimization.
Intermediaries > Custody & Clearing > News
Euroclear’s France, Netherlands and Belgium CSDs to start T+2 settlement in 2014
By BBR Staff Writer
Euroclear’s three central securities depositories (CSDs) in Belgium, France and Nederland, also known as ESES (Euroclear Settlement of Euronext-zone Securities) platform, have decided to start settlement of securities transactions in two business days (T+2), from October 2014.
Intermediaries > Custody & Clearing > News
SEC sues Steven Cohen for failing to supervise portfolio managers
By BBR Staff Writer
The (US) Securities and Exchange Commission (SEC) has sued a hedge fund adviser Steven Cohen for failing to exercise supervision over two senior portfolio managers, Mathew Martoma and Michael Steinberg, and stop them from insider trading.
Intermediaries > Custody & Clearing > News
LCH Clearnet receives approval to clear credit default swaps for US members
By BBR Staff Writer
LCH.Clearnet has been granted permission to start clearing credit default swaps (CDS) for US clearing members through its credit default swap clearing business, dubbed as CDSClear.
Intermediaries > Custody & Clearing > News
61-75 of 308 results