The Options Clearing Corp. will revise the formula it uses to calculate the size of its clearing fund and the required member contributions.
BNY Mellon Asset Servicing is looking to expand its offering geographically over the next few years, according to Jim Palermo, co-ceo of the BNY Mellon subsidiary.
Penson Financial Servies Ltd. (PFSL), the London-based clearing and execution services arm of Penson Worldwide, is looking to ease some of the fragmentation difficulties felt by European firms post-MiFID.
Nasdaq OMX Group’s intention to acquire North American Energy Credit And Clearing Corp. is seen as more of a diversity play than anything else, according to Christopher Allen, analyst at Ticonderoga Securities.
BNY Mellon Asset Servicing will roll out enhancements to its Workbench reporting platform this month to enhance accounting reports for institutional investors.
The National Securities Clearing Corp. plans to aggregate receive and deliver instructions for transactions that will settle on a trade-for-trade basis.
The Options Clearing Corp. said it plans to allow for finer increments when adjusting the settlement pricing for single-stock futures.
Cantor Fitzgerald is in the process of building out its securities lending offering in an attempt to capture what the firm perceives as opportunity for middle-market prime brokerages.
Merlin Securities plans to launch a fully-paid long securities lending program for clients as a differentiator for its business.
The Futures Industry Association protested the lack of public comment on the CME group's amendment to its plan to allow customer funds used to margin cleared credit default swaps to be commingled with other funds in customer segregated accounts.
Knight Capital Markets has made significant headway in its transition to a self-clearing model.
Trade Settlement, Inc., the vendor of settlement functionality for primary and secondary loans, is targeting legal staff at buy-side and dealer firms with its settlement platform for distressed bank loans.
Citigroup plans to offer more reports via CitiDirect PRISM, the performance and risk reporting capability it launched this week.
Consolidation in the financial services industry is expected to continue in the derivatives processing business this year, according to a white paper released Tuesday by the Financial Institutions Group at Jefferies & Co.
The Depository Trust & Clearing Corp. plans to update the reports its members receive following settlement related transactions, such as delivery and payment orders, among others.
Clearstream Banking, the international central securities depository owned by the Deutsche Börse, and CETIP, the Brazilian clearing house for fixed income securities and over-the-counter derivatives, are discussing the possibility of a partnership between them.
Butterfield Fulcrum, an independent hedge fund administrator based in Bermuda, is making preparations to expand its offering in Europe.
European clearing houses may need access to central banks funds in order to avoid major defaults, said Roger Liddell, ceo of LCH.Clearnet, in a hearing held by a House of Lords committee Tuesday.
Tactico and Omega are preparing technology that would work in the back office to reconcile issues caused by multi-market compression in Canada, according to Eric Stoop, managing director of Tactico.
NYSE Euronext is on track to launch New York Portfolio Clearing, the clearing initiative it is developing jointly with the Depository Trust & Clearing Corp. in the second half of the year.
Penson Financial Services, the clearing unit of Penson Worldwide, is in the process of preparing for the conversion of TradeKing’s accounts to its clearing platform.
The Securities and Exchange Commission has approved the Chicago Board Options Exchange’s request to eliminate minimum value sizes for all FLEX options and eliminate p.m. settlement restrictions for FLEX index options for a 14-month trial period.
Clearstream, the Deutsche Börse subsidiary providing settlement and custody services, is considering establishing and operating a direct account at the Australian Central Securities Depository in order to better serve clients in the region.
The Bank Of New York Mellon expects to see a significant boost in its abilities for servicing alternative assets following the completion of its acquisition of PNC Global Investment Servicing, particularly in private equity servicing.
European regulators are pushing for a streamlining of oversight in on the continent of over-the-counter derivatives trade repositories.
Scivantage, provider of financial software and technology, is in the process of discussing the finer points of the pending cost basis reporting requirements with its clients.
Wall Street Letter conducted its first “twitterview,” or an interview over Twitter.com, on Jan. 27 on transparency and efficiency in the collateral management process.
The Depository Trust Company, a Depository Trust & Clearing Corp. subsidiary, will eliminate the use of physical certificates for withdrawal-by-transfer (WT) transactions for unsponsored American Depository Receipts.
Bob Kelly, chairman and ceo of The Bank Of New York Mellon, joined the ranks of a number of Wall Street executives Wednesday by speaking out against a tax proposed last week by President Barack Obama that would target banks, insurance companies and thrifts with more than $50 billion in assets.
The Depository Trust Company, a subsidiary of the Depository Trust & Clearing Corp., plans to help members find securities to cover short positions held outside the utility.