Markit has completed the acquisition of SwapsWire and expects to complete the full integration of the company by July this year. According to data from the latest Markit Metrics report, trade confirmation backlogs in credit derivatives stabilised in the first quarter this year to approximately 6,000 trades per dealer per month relative to average monthly trading volumes of 25,000 trades per dealer. However, with OTC derivative markets continuing to grow at a rapid pace, market infrastructure will remain a key concern among regulators. The combination of the Markit and SwapsWire trade processing platforms is designed to give the company critical mass and a global network at a time of increased consolidation in the vendor market. The addition of SwapsWire’s workforce means that Markit now employs over 650 staff globally. Markit acquired SwapsWire from Bank of America, The Bank of Tokyo-Mitsubishi UFJ, Barclays Bank, Bayerische Hypo-und Vereinsbank, BNP Paribas, Calyon, Citi, CDC Ixis Capital Markets, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC Bank, J.P. Morgan Chase, Lehman Brothers, Merrill Lynch, Mizuho Capital Markets, Morgan Stanley, The Royal Bank of Scotland, Societe Generale, Sumitomo Mitsui Banking Corporation, and UBS Investment Bank.
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