News Centre

DTCC Selects IBM, AXONI And R3 To Develop DTCC's Distributed Ledger Solution For Derivatives Processing Firms To collaborate On Leveraging Distributed Ledger Technology To Build The Next Generation Trade Information Warehouse

Date 09/01/2017

The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced that it has selected IBM, in partnership with Axoni and R3, to provide a distributed ledger technology (“DLT”) framework to drive further improvements in derivatives post-trade lifecycle events. The firms will work collaboratively to re-platform DTCC’s Trade Information Warehouse (“TIW”), building a derivatives distributed ledger solution for post-trade processing based on existing TIW capabilities and interfaces with technology providers and market participants. The TIW service currently automates the record keeping, lifecycle events, and payment management for more than $11 trillion of cleared and bilateral credit derivatives.

New York Attorney General Eric T. Schneiderman Secures Agreement With Hedge Fund Manager Who Misled Investors About Investment Risks - Schneiderman’s Investigation Of Hedge Fund Manager Vincent Au Results In Updated, Full Risk Disclosures For Investors - Settlement Also Provides An Opportunity To Redeem Investments Once They Receive Updated Disclosures Regarding Au’s Hedge Funds, Gondor Partners, LP And Gondor Partners, Ltd.

Date 09/01/2017

Attorney General Eric T. Schneiderman today announced the resolution of an investigation into hedge fund manager Vincent Au for misrepresentations made by Au in the course of marketing two hedge funds, Gondor Partners, LP and Gondor Partners, Ltd. (the “Gondor funds”).  To resolve Attorney General Scheiderman’s investigation, Au will provide complete and updated risk disclosures to all investors in the funds, will provide all investors with audited financial statements for the funds, and will give all investors an opportunity to redeem their investments in the funds.  Au will also pay a penalty of $20,000 to the State of New York.

VTB Capital Tops Dealogic And Bloomberg League Tables

Date 09/01/2017

VTB Capital has secured top spots in the Dealogic and Bloomberg league tables for 2016, leading in DCM, ECM and M&A rankings across Russia, CIS, CEE and EMEA.

Office Of The Comptroller Of The Currency Terminates Mortgage Servicing-Related Consent Order Against HSBC Bank USA, N.A., Issues $32.5 Million Civil Money Penalty

Date 09/01/2017

The Office of the Comptroller of the Currency (OCC) today terminated its mortgage servicing-related order against HSBC Bank USA, N.A. (HSBC), and assessed a $32.5 million civil money penalty against the bank for previous violations of the order.

Borsa Italiana Monthly Update December 2016

Date 09/01/2017

Click here to download Borsa Italiana's monthly update for December 2016.

SwapClear Achieves Record Volumes In 2016

Date 09/01/2017

• 25% increase in clearing volumes
• Over $665 trillion notional cleared, through 3.8 million interest rate derivative trades
• Over $384 trillion notional compressed
• 97 members and a record 510 clients are using compression services at LCH

Bank Of England: Financial Stability Report Explained

Date 09/01/2017

Mark Carney, Alex Brazier, Martin Taylor and Anil Kashyap will appear at a Treasury Select Committee hearing on 11 January on the topic of the latest FSR

UK Taxpayer No Longer Largest Lloyds Bank Shareholder

Date 09/01/2017

The government has now recovered over £18 billion of the £20.3 billion taxpayers injected into Lloyds during the financial crisis.

AxiomSL Extends Trade And Transactions Reporting Solutions To The Energy And Commodities Trading Sector

Date 09/01/2017

AxiomSL, the leading global provider of regulatory reporting and risk management solutions, is proud to announce it is currently rolling out its global trade and transaction reporting solution to one of the major oil and gas producers with global trading and hedging activities. The firm has strengthened its existing trade and transaction solution ahead of the release of the MiFID II module in early 2018. This development will give AxiomSL’s existing and prospective clients the confidence to meet ongoing and future reporting obligations.

FXecosystem Announces Further Expansion In Asia With New Equinix Hong Kong Data Centre Deployment

Date 09/01/2017

FXecosystem, a leading provider of institutional & retail FX outsourced connectivity services, today announced further expansion in Asia, with a point of presence (POP) in the Equinix Hong Kong data centre, HK1.