Omgeo expands ProtoColl | Regulatory Compliance


Omgeo expands ProtoColl | Regulatory Compliance
Post-trade vendor specialist Omgeo has announced the expansion of ProtoColl, its collateral and margin management product, to cater for regulatory measures.

Provisions in both the US Dodd-Frank Act, and the European Market Infrastructure Regulation (EMIR) have introduced central clearing and new eligibility criteria for collateral. ProtoColl allows for asset managers to monitor their margin and collateral requirements across the entire trading landscape, and an automated collateral-selection function which grades the available assets and suggests which to use for specific trades.

Other added functionality includes recognition for the Legal Entity Identifier (LEI) and its precursor, the US Commodity Futures Trading Commission Interim Compliant Identifier (CICI). More details here.
http://www.ftseglobalmarkets.com/news/omgeo-upgrades-collateral-tool.html

Ever thought swaps trading was a niche market


Ever thought swaps trading was a niche market
… well, think again, as the DTCC confirmed a whopping 65,000 entities have been registered and certified via the CFTC Interim Compliant Identifier (CICI) utility until April 10th, the deadline imposed by the CFTC to get such an identifier if you want to continue trading in the swaps market.

This number includes market participants from over 100 jurisdictions with a little more than half of it coming from the US.

Let’s hope that all those CICI’s will translate in ‘full-blown’ LEI’s once the mandated federated model is up-and-running.

Oh, and a handsome fee for the DTCC and SWIFT (who run the portal together) is also involved 65,000 times $200 each equals $13,000,000…

More information in this Waters Technology article.

On this matter, and also from Water’s Technology, this article gives some insight into why a growing number of pre-local operating units are set to begin issuing entity identifiers and why they have taken on the task, what challenges they face and how they plan to leverage their existing capabilities.

A huge market indeed – the swap market that is…

Traiana’s new swap data repository service offers centralised service to meet OTC rules


See on Scoop.itThe FIX Protocol and multi asset electronic trading.

  Traiana, the bank and brokerage-owned provider of post-trade solutions, has announced the successful start of its Harmony TR Connect swap data repository service, which is aimed at the changing over-the-counter (OTC) derivatives market and to…

See on www.bobsguide.com

Traiana Swap Data Repository Service Takes Multiple Banks Live To Comply With Dodd-Frank Trade Reporting – Swap Trade Reporting Solution With DTCC Offers Single Point Of Access For Executing Broker…


See on Scoop.itThe FIX Protocol and multi asset electronic trading.

Traiana, the leading provider of post-trade solutions, announces today the successful implementation of its Swap Data Repository Service (Harmony TR Connect) for over-the-counter (OTC) derivatives.

See on www.mondovisione.com

HKEx And Chongqing Financial Services Office Sign MOU


See on Scoop.itThe FIX Protocol and multi asset electronic trading.

Hong Kong Exchanges and Clearing Limited (HKEx) and Chongqing Financial Services Office today (Monday) signed a Memorandum of Understanding (MOU) on cooperation and exchange of information.

See on www.mondovisione.com

Asia Pacific’s Central Banks and Government Institutions Turn to Thomson Reuters Eikon to Analyse Market Data and Connect with Financial Markets Communities


See on Scoop.itThe FIX Protocol and multi asset electronic trading.

Eighteen government organizations and central banks across the region sign up to Thomson Reuters Eikon to benefit from ease-of-use, depth of content, advanced search and analytics Thomson Reuters, the world’s leading source of intelligent…

See on www.bobsguide.com

NYSE Euronext Lisbon And NERLEI Join Forces To Bring SMEs To Alternext – Financing Via The Capital Markets An Alternative


See on Scoop.itThe FIX Protocol and multi asset electronic trading.

NYSE Euronext Lisbon, the Portuguese Stock Exchange, has recently signed a protocol of cooperation and partnership with NERLEI-Associação Empresarial da Região de Leiria (Entrepreneurial Association of the Leiria Region) aiming to draw new…

See on www.mondovisione.com

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