Markit has announced the launch of a new electronic affirmation service within Markit Trade Processing (MTP). The company claims that its new service, which builds on an existing affirmation model, can electronically match trades between counterparties prior to confirmation. MTP is designed to reduce client risk by automating the post-trade lifecycle for all OTC derivative instruments. Last month, the service processed in excess of 60,000 trades. MTP provides trade date affirmation and trade confirmation through industry utilities such as the Depository Trust & Clearing Corporation (DTCC). The platform also supports non-straight-through processing (STP) workflow, enabling clients to process paper confirmations in an automated manner. The first dealers to sign up to the new platform are Bear Stearns, Goldman Sachs and Lehman Brothers.
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