As Brexit looms, Societe Generale is to open a new base in Paris for clearing of derivatives and OTC products by the end of the year.
BNP Paribas will use the FIS solution to increase its visibility around initial margin on its cleared derivatives transactions.
The final phase of the framework for posting initial margin is due to come into force in 2020.
Credit Suisse has hired Terry Burke from CME Group as it continues to rebuild its US prime services division.
CACEIS will also act as the main listed derivatives clearer for the French investment bank.
Pension funds will have to begin clearing OTC derivatives contracts on 17 August 2018, despite calls for a third extension.
Trades by JP Morgan and Citadel processed by ‘no-touch’ platform designed to remove post-trade manual processes.
Former Citi derivatives expert to join BNP Paribas' prime solutions and financing division.
Eurex Clearing recently recorded notional outstanding exceeding €5 trillion for cleared interest rate swaps.