Citigroup has entered the Australian third party clearing market using GBST’s Shares platform. GBST is an Australian financial technology provider. The new service enables Citigroup’s broker dealer clients to trade securities listed on the Australian Stock Exchange (ASX) from offshore locations. Clients are able to place their trades directly on the ASX via their own SEAT terminals or by using infrastructure provided by Citigroup, which also manages clearing and settlement of those transactions through the Shares platform. Citigroup’s third party clearing service is targeted at those securities firms wanting to access the Australian market without establishing a local presence or infrastructure, as well as Australian brokers looking to achieve cost-savings by outsourcing their securities back-office operations to a third party clearer.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more