SwapsWire, the bank-backed network for OTC derivatives processing, has extended its service to buy-side clients. Until now, the service has been widely used for same-day confirmation between dealers and inter-dealer brokers. The network supports trade capture, broker confirmation and counterparty confirmation for multiple OTC derivatives products. It is backed by a consortium of 22 derivatives dealers. ‘We believe that our clients will benefit significantly from the operational risk reduction we have been able to achieve using SwapsWire,’ said Ken Tremain, managing director of Citigroup’s North American Rate Trading.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.