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03:08 PM, Mar. 12, 2010
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Post Trade   

  • Analyst: Nasdaq’s NECC Acquisition A Diversity Play
    03/08/2010

    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 Adds Data To Workbench
    03/08/2010

    BNY Mellon Asset Servicing will roll out enhancements to its Workbench reporting platform this month to enhance accounting reports for institutional investors.

  • NSCC To Streamline Trade-For-Trade Settlement
    03/08/2010

    The National Securities Clearing Corp. plans to aggregate receive and deliver instructions for transactions that will settle on a trade-for-trade basis.

  • OCC To Refine Stock Futures Adjustment Increments
    03/08/2010

    The Options Clearing Corp. said it plans to allow for finer increments when adjusting the settlement pricing for single-stock futures.

  • Cantor Targets Sec Lending Build Out
    03/02/2010

    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 To Offer Fully-Paid Lending Services
    03/01/2010

    Merlin Securities plans to launch a fully-paid long securities lending program for clients as a differentiator for its business.

  • FIA Blasts CME Margin Plan
    02/26/2010

    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 Plunges Into Self-Clearing Transition
    02/26/2010

    Knight Capital Markets has made significant headway in its transition to a self-clearing model.

  • TSI Targets Lawyers With Loan Settlement Platform
    02/25/2010

    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.

  • Citi To Add Reports To PRISM
    02/25/2010

    Citigroup plans to offer more reports via CitiDirect PRISM, the performance and risk reporting capability it launched this week.

  • Derivatives Processing Consolidation Expected In 2010
    02/24/2010

    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.

  • DTCC To Streamline Settlement Reports
    02/19/2010

    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, CETIP Discuss Collateral Management Partnership
    02/16/2010

    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 Plans For European Expansion
    02/16/2010

    Butterfield Fulcrum, an independent hedge fund administrator based in Bermuda, is making preparations to expand its offering in Europe.

  • LCH: Clearers May Need Central Bank Access
    02/12/2010

    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.

  • Omega, Tactico Plan New Clearing Technology
    02/10/2010

    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 Outlines Clearing Initiative Outlook
    02/10/2010

    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 Preps For TradeKing Conversion
    02/10/2010

    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.

  • SEC Pilot Eliminates FLEX Option Restrictions
    02/08/2010

    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 Considers Direct Links In Australia
    02/03/2010

    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.

  • BNY Mellon Expects PE, Alternatives Boost From Acquisition
    02/02/2010

    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 Eyes One OTC Repository Oversight
    01/29/2010

    European regulators are pushing for a streamlining of oversight in on the continent of over-the-counter derivatives trade repositories.

  • Scivantage Considers Cost Basis Details With Clients
    01/28/2010

    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.

  • Tweeting with @WallStLetter—Collateral Management
    01/28/2010

    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.

  • DTCC Cuts Physical Certificates For Some ADR Transaction
    01/21/2010

    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.

  • BNY Mellon: Bank Tax Equals Bad Policy
    01/21/2010

    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.

  • DTC To Help Cover Outside Shorts
    01/20/2010

    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.

  • IDCG Targets Production Conversions
    01/14/2010

    The International Derivatives Clearing Group is eyeing the conversion of more of its end users into a production environment this year.

  • Northern Expands Derivatives Processing For Custody
    01/14/2010

    Northern Trust is expanding its middle office services for over-the-counter derivatives processing to its custody clients.

  • NSCC To Eliminate ESS Payment Guarantee
    01/07/2010

    The National Securities Clearing Corp. said it will no longer provide a settlement guarantee for its envelope settlement service in an effort to reduce the risk absorbed by the utility.

  • Celent: Buyside Looks To Reduce Valuation Providers
    01/06/2010

    Buy-side are expected to reduce the number of providers of pricing and valuation services in an effort to streamline, according to a recently released Celent report.

  • DTC To Settle U.S. Trades For EuroCCP
    01/04/2010

    The Depository Trust Company plans to provide settlement services for transactions in U.S. equities, exchange-traded funds and American Depositary Receipts cleared by EuroCCP.

  • ActionsXchange Eyes Expansion In '10
    12/28/2009

    Fidelity ActionsXchange is looking at how it can expand its offerings for clients in the new year in anticipation of another year of increasingly complex corporate events.

  • IntercontinentalExchange and the CME Group: OTC Derivatives CCPs
    12/28/2009

    The clearing landscape for over-the-counter derivatives is one of the most closely-watched areas on Wall Street, and the IntercontinentalExchange and the CME Group are at the center of the party.

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