Same-day FX settlement service CLSNow has gone live with JP Morgan and Goldman Sachs among the first to use the platform.
Baton Systems has hired former Traiana CEO, Andrés Choussy, who takes on the role of COO at the firm.
Total revenues for Brussels-based Euroclear and Luxembourg-based Clearstream increased 8% and 6% respectively.
The proposed solution will provide one consolidated hub for the issuing of European commercial paper with delivery vs payment (DvP) settlement.
Many of the established custodians are remaining on the sidelines to see what exchanges and other market infrastructures will offer for tokenised securities.
This rules will require firms that are taking on settlement themselves, and not through a CSD or sub-custodian, to report data on a quarterly basis.
JP Morgan’s securities services division goes live with post-trade FinTech firm’s transaction status solution
The bank’s securities services division has been developing a single end-to-end data integration framework aiming to break down the barriers in the post-trade lifecycle
The move allows the £1 billion private bank to fully automate settlement and cash movements for its UK investment funds.
A trial project using blockchain to transfer and settle securities and cash proved costly and less speedy than the traditional way, the Bundesbank president said.