GFI Group and ICAP plan to jointly develop new clearing services for OTC derivative products with The Clearing Corporation, and have each agreed to acquire a minority ownership interest in The Clearing Corporation. In addition, The Clearing Corporation has agreed to appoint one GFI/ICAP representative to its Board of Directors. The Clearing Corporation serves major dealers and participants in the worldwide marketplace for derivative products, many of who are stockholders. GFI and ICAP intend to work with The Clearing Corporation to jointly develop clearing services for OTC derivative products, including credit and interest rate derivatives. The Clearing Corporation will continue to function as an independent entity. The establishment of a centralized clearing mechanism should allow market participants to more effectively net offsetting transactions, while boosting capacity through the elimination of backlogs and lengthy settlement times in the OTC markets.
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