News Centre

Iberclear Selects Citi To Provide Global Custody Services - BME´s Spanish CSD Launches New Client Solution And Enters A New Phase Of Strategic Development Following The Successful Migration To T2S

Date 17/10/2017

Iberclear, BME’s Spanish Central Services Depository (CSD), today signed a memorandum of understanding with Citi’s Direct Custody and Clearing business to provide global custody services to its clients. The agreement was signed at the securities and financial industry conference SIBOS.  

Wedbush Futures Joins Eris As A Clearing Firm - Eris Exchange Extends Execution And Clearing To Wedbush Futures' Network Of Professional Traders And Institutional Clients.

Date 17/10/2017

Eris Exchange (Eris), a U.S.-based futures exchange group that offers swap futures as the leading alternative to traditional over-the-counter (OTC) swaps, and Wedbush Futures jointly announced today that Wedbush Futures is the latest Futures Commission Merchant (FCM) to join Eris Exchange, and offer execution and clearing of Eris Swap Futures.

Style Research Expands In Asia Pacific, Opens Offices In Australia And Japan

Date 17/10/2017

Style Research, the industry standard for factor-based equity analytics and portfolio communications, is investing further in Asia Pacific to enhance customer service to clients in the region and accelerate growth. In addition to opening offices in Melbourne and Tokyo, the firm has hired Jamie Spark as Managing Director for the region.

Broadridge Successfully Completes Pilot Of Blockchain-Based Bilateral Repo Solution - Bilateral Repo Blockchain Pilot Enhances Efficiency, Reduces Risk, Provides Secure Record Of Trade And Collateral Details

Date 17/10/2017

Broadridge Financial Solutions, Inc. (NYSE:BR), announced today the successful completion of a pilot with Natixis and Societe Generale which leverages blockchain technology to enhance the operational efficiency and auditability of bilateral repurchase, or repo, agreements.

Wall Street Horizon Launches EventBreaks, A Groundbreaking New Service That Alerts Institutional Investors To Changes In Corporate Events

Date 17/10/2017

Wall Street Horizon, an alternative data provider specializing in corporate event intelligence, today announced the launch of EventBreaks. This unique new service, which covers each of the 40+ event types that Wall Street Horizon tracks, provides granular information around how events move, alerting users to the time, date and substance of corporate event changes. EventBreaks is available immediately and is included as a free add-on to the Enchilada product suite.

Bursa Malaysia Sector Update: Mercury Industries Berhad

Date 17/10/2017

Bursa Malaysia Berhad (Bursa Malaysia) has decided to update the classification of sector for MERCURY INDUSTRIES BERHAD (“MERCURY”) to come into effect on 9.00 a.m., Friday, 20 October 2017. The update in the classification of sector for MERCURY is as follows:

Abu Dhabi Securities Exchange Launches Technical Short Selling (TSS) Service - New Service Allows Investors To Sell Stocks They Don’t Own In Order To Profit From A Future Drop In Value

Date 17/10/2017

Abu Dhabi Securities Exchange (ADX), the region's leading financial market today announced the launch of its latest investment service ‘Technical Short Selling’ (TSS), an addition to the existing suite of services and products provided by ADX to investors through brokerage firms. The launch of this new service falls in line with ADX’s strategy to increase liquidity levels as well as diversify investment and hedging instruments in order to better attract specialized foreign investors. ADX is the first market in the Gulf region to offer this service.

Steven Maijoor, Chair Of The European Securities And Markets Authority (ESMA), On The State Of European Financial Markets

Date 17/10/2017

Steven Maijoor, Chair of the European Securities and Markets Authority (ESMA), has spoken this morning at ESMA 2017 about the challenges facing European financial markets.

New EIU Report Commissioned By DIFC Explores How MEASA Will Be Instrumental In Driving The Future Of Finance

Date 17/10/2017

• Report explores current state of finance, future of finance and policy enablers
• Highly unbanked populations in MEASA, particularly among women and youth 

Savings, Efficiencies And Greater Reliability In Entity Verification Processes Of A Combined Annual Value Of $650m To The Financial Services Industry Identified In New Research Into Legal Entity Identifiers

Date 17/10/2017

• New research undertaken by McKinsey & Company and the Global Legal Entity Identifier Foundation (GLEIF) estimates that broader, global adoption of Legal Entity Identifiers (LEIs) could yield annual savings of over $150m within the investment banking industry and up to $500m for banks in the issuance of letters of credit.
• Annual savings in investment banking would include at least 10 percent of total operational costs for onboarding clients and trading processing through the use of the LEI.
• These findings form part of a white paper published today which examines the potential use cases of the LEI in streamlining legal entity identification.