Broker-dealers can reduce post-trade costs by 25% through automation, says DTCC
The spike in trade settlement fails across the US and Europe highlighted the urgency for post-trade automation.
Tag: settlement
Not settling for failure: The custodians hoping to predict future settlement fails through AI
With settlement becoming a multi-billion-dollar cost for the industry and regulation set to heap complexity on failed trades, custodians are looking to apply technology to spot weaknesses and predict future fails.
Goldman Sachs and AccessFintech launch derivatives cash payments affirmation service
Banking giant and rising FinTech player look to create a zero-touch settlement payment process with a digital workflow for collaborative dispute resolution.
Long-serving BBH custody product head joins DTCC
The addition will help support several of DTCC’s projects as it seeks to transform the securities post-trade process.
Deutsche Bank launches early warning system for securities settlement delays
The new service is powered by Elastic, where the bank will use its machine learning and anomaly detection features.
Sanford C Bernstein selects BNP Paribas Securities Services as its settlement provider
Broker dealer extends partnership with BNP Paribas Securities Services to include settlement services across Europe.
SWIFT seeks industry partner to help curb securities settlement failures
SWIFT plans to play a significant role in helping the industry to minimise securities settlement failures as part of its new two-year strategy.
Euroclear’s CREST suffers outages, hits Bank of England gilt buy-back
Euroclear's CREST system has suffered two outages, causing intermittent delays to settlement and impacting the Bank of England's gilt buy-back operation.
Interdealer broker Tradition awards custody mandate to Deutsche Bank for Turkish market
Deutsche Bank will support the broking firm’s institutional clients with custody and settlement services for its Turkish fixed income securities.
Majority of banks and brokers will be ready for ASX blockchain-based post-trade system in 2022, says exchange
A recent consultation by the ASX on the CHESS replacement timetable, showed around 91% of CHESS users said they will be able to meet the revised go-live date.