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All clearing and settlement news

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North America mandate for BNY Mellon


25 April 2016 New York
Reporter: Stephanie Palmer

BNY Mellon has been selected by Winterflood Securities to provide clearing and settlement services in North America...
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Industry on track with T+2 preparations


12 April 2016 Boston
Reporter: Stephanie Palmer

The majority of US securities industry firms are starting to prepare for the move to a T+2 settlement cycle, according to an SS&C survey...
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Eurex Clearing to launch new access model


04 April 2016 Frankfurt
Reporter: Stephanie Palmer

Eurex Clearing is launching a new buy-side membership type to allow a direct contractual relationship with the clearinghouse, facilitated by a clearing agent, starting Q3...
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T2S on a roll with wave two


31 March 2016 Frankfurt
Reporter: Stephanie Palmer

Both the Portuguese and Belgian CSDs have completed their migration to the T2S platform, marking a successful wave two of the pan-European implementation plan...
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Global clearing and FX win for BNP Paribas


24 March 2016 London
Reporter: Stephanie Palmer

BNP Paribas Securities Services has been selected to provide global clearing, settlement and foreign exchange services to Canaccord Genuity Limited...
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Liquidnet expands in to Taiwan


23 March 2016 Taipei
Reporter: Stephanie Palmer

The global institutional trading network, Liquidnet, now allows for direct trading of Taiwan-listed securities...
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China Construction Bank wins clearing authorisation


18 March 2016 Frankfurt
Reporter: Stephanie Palmer

The Frankfurt branch of China Construction Bank has received authorisation as a trading a direct clearing member for cash and derivatives markets operated by Deutsche Börse Group...
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Commerzbank to use OpenGamma margining service


15 March 2016 London
Reporter: Mark Dugdale

Commerzbank is first sell-side client to sign up to OpenGamma’s new margining service ahead of the obligation to clear over-the-counter derivatives under EMIR...
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ISE sells for $1.1 billion


10 March 2016 New York
Reporter: Stephanie Palmer

Nasdaq has agreed to acquire the options exchange operator International Securities Exchange (ISE) from Deutsche Börse Group for $1.1 billion...
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Target date set for US shift to T+2


07 March 2017 New York
Reporter: Stephanie Palmer

The US T+2 Industry Steering Committee (ISC) has announced 5 September 2017 as the target date for the market to move from a T+3 to a T+2 settlement cycle...
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SIX’s Clara adopted by Baymarkets


02 March 2016 Stockholm
Reporter: Stephanie Palmer

Baymarkets Technology has taken over the support, maintenance and continued development of SIX x-clear’s Clara clearing solution...