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Australia’s Take on T+2: Why Worry?

December 1, 2015 By Chris Kentouris Leave a Comment

When it comes to reducing the time it takes to settle trades from three days to two days, the Australian and US markets appear to be a study in 0pposites, just like the seasons. Although C-level operations and technology executives may be sweating in the blazing summer heat down under, they sound cool when speaking […]

Filed Under: Clearing, Infastructure, Operations, Post-Trade, Rules, Settlement, Slider Tagged With: Compliance, Matching, Post Trade, Settlement, T+2

US T+2 Settlement: The Long Journey Officially Begins

September 22, 2015 By Chris Kentouris Leave a Comment

What a difference a day makes. Until September 16, the US financial industry had only been talking about a two-day settlement cycle. Only a preliminary roadmap of the stepping stones to T+2 had been completed, indicating that at least 30 operational workflows will be affected, requiring rule, behavioral and technology changes. On that day Securities and Exchange Commission […]

Filed Under: Clearing, Compliance, Corporate Actions, Financing, Funds, Infastructure, Investments, Ops Risk, Post-Trade, Sec Lending, Settlement, Slider, Standards, Trading Tagged With: Brokerage Ops, Collateral, Compliance, Corporate Actions, Depositories, DTCC, Fund Ops, Investment Ops, Matching, Middle Office Ops, Ops Risk, Post Trade, Regulators, SEC, Standards, T+2

Euroclear Claims First Matching Service for Payments

June 25, 2015 By Chris Kentouris Leave a Comment

News of the successful launch of pan-European settlement platform Target2 Securities might be barely cold, but Euroclear, owner of the world’s largest international securities depository and several European depositories, is already taking as stab at creating new revenue streams. Based on technology developed in conjunction with London’s Merit Software, Euroclear has just launched a central matching […]

Filed Under: Corporate Actions, Innovation, Settlement, Slider Tagged With: Corporate Actions, Depositories, Innovation, Matching, Post Trade, Reconciliation, T+2

Post-Trade Matching: No Quick FIX

April 17, 2015 By Chris Kentouris Leave a Comment

After offering a new alternative to fund managers and broker dealers to match the economic details of securities transactions, FIX Trading Community is finding that the industry pickup is slow. Although early adopters report that it’s just as good as central matching — and better in some ways — no one expects a mass migration away […]

Filed Under: Operations, Post-Trade, Slider Tagged With: Brokerage Ops, Fund Ops, Matching, Middle Office Ops, Post Trade

News to Use: EquiLend, 4sight and Russia’s NSD

April 6, 2015 By Chris Kentouris Leave a Comment

Match, Game On: Borrowers and lending agents in securities transactions executed through EquiLend, an electronic trading platform, will now be able to reconcile far more transaction details and enable lending departments to work smarter. Although EquiLend’s new matching engine is still geared to US and foreign securities, the company expects it to have greatest uptick in […]

Filed Under: Analytics, Clearing, Financing, Operations, Ops Risk, Post-Trade, Sec Lending, Settlement, Slider Tagged With: Brokerage Ops, Collateral, Compliance, Depositories, Investment Ops, Matching, Middle Office Ops, Post Trade, Settlement

T+2 in Europe: Smooth Sailing or Turbulence Ahead?

October 17, 2014 By Chris Kentouris Leave a Comment

A non-event. That is how European securities depositories; their bank and brokerage participants, fund managers and software vendors describe the migration of over two dozen European markets to a two-day settlement cycle on October 8. Yet they are all realizing that they must keep up the good work in ensuring seamless middle office procedures. Relying […]

Filed Under: Clearing, Data, Financing, Post-Trade, Settlement, Slider Tagged With: Collateral, Depositories, FIX, Fund Ops, Matching, Middle Office Ops, Post Trade, Settlement, T+2

Merrill’s Reconciliation Fine: What Happens When Middle Office Fails

September 5, 2014 By Chris Kentouris Leave a Comment

Reconciliation: it’s an everyday process in buy- and sell-side shops, where overworked middle-office analysts pay close attention to details and hope technology works. Like all post-trade operations, it often draws the attention of C-level executives only when something goes wrong. Even worse, as evidenced in a recent case involving Merrill Lynch, mistakes can also elicit […]

Filed Under: Clearing, Data, Operations, Slider, Trading Tagged With: Brokerage Ops, CFTC, Matching, Middle Office Ops, Post Trade, Reconciliation

Europe’s T+2 Settlement: Bond Trades Hardest Hit?

September 3, 2014 By Chris Kentouris 1 Comment

With about thirty European countries moving to a two-day settlement cycle  next month, concern is starting to mount that the fixed-income market will trail its equities counterpart in meeting the shorter timetable, leaving fund managers and broker-dealers to pay a heftier cleanup bill than initially anticipated. Securities depositories responsible for settling domestic and cross-boder transactions say that they […]

Filed Under: Compliance, Investments, Settlement, Slider Tagged With: Clearinghouses, Compliance, Depositories, Matching, Post Trade, Settlement, T+2

FIXing Post-Trade Matching: Made to Order

July 8, 2014 By Chris Kentouris Leave a Comment

“If it ain’t broken don’t fix it” is a common sentiment in the financial industry. But to afficionados of the FIX message protocol, the process of matching trade details is broken, so it needs solutions Providers of order management systems think they are just the right folks to fix the problem — the so-called monopoly enjoyed by post-trade communications provider […]

Filed Under: Post-Trade, Settlement, Slider Tagged With: Brokerage Ops, Fund Ops, Matching, T+2

Asia-Pacific Post-Trade Operations: “Automation is Critical”

June 10, 2014 By Chris Kentouris Leave a Comment

While Asia-Pacific is often touted as fertile ground for expansion by fund managers, broker-dealers and their asset-servicing providers, a range of bottlenecks remain in how trade details are acknowledged before settlement. In fact, Asia-Pac fund managers tell FinOps Report, newcomers may be surprised by additional operational and staffing costs to cleanup trades that don’t settle on […]

Filed Under: Post-Trade, Settlement, Slider Tagged With: Brokerage Ops, Fund Ops, Matching, Middle Office Ops, Post Trade

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