News/Technology
GDF Suez chooses bank status for new trading arm
European energy giant GDF Suez this week launched a new trading unit, choosing to obtain bank status that prepares it for potentially tougher European regulation of commodity trading
Thomson Reuters Matching hit by four-hour outage
Banks say liquidity was affected by the service outage but it was fortunate to occur at a quiet time for the market
Algorithmics patents operational risk capital modelling framework
Algos patents operational risk capital modelling framework
Energy companies face software integration issues
Energy Risk software survey shows traders plan to add to ETRM systems in 2011; vendors discuss integration problems
SunGard launches social media surveillance
Financial services information technology vendor SunGard's social media offering to help with new compliance rules
Regulation to be ‘primary driver’ for reference data investment in 2011
Financial services firms say client data is a critical area for development, driven by US Office of Financial Research
Brussels forges ahead with Sepa end-date proposal, despite differences
European Commission proposes deadlines for national credit and debit transfers to migrate to Sepa system; move could divide stakeholders
Icap pilots bank-only block trading platform for manual users
Pilot comes at a time when news reports suggest a group of 10 banks plan to launch a bank-only FX trading platform
Merkel enraged at vote to scrap US-EU Swift data deal: WikiLeak
Leaked wire from US embassy in Berlin says Germany’s Chancellor Angela Merkel was furious at German MEPs' decision to reject Swift data sharing deal with United States
Sophis acquisition to bring Asian buy-side benefits for Misys
Misys' acquisition of Sophis may create synergies in the Asia region
BoE: High-frequency traders raise risks of liquidity event
Potential liquidity mirage in foreign exchange markets must be addressed, says Michael Cross
EPC chairman 'shocked' at Brussels' 'competing' Sepa schemes
European Payments Council chair slams European Commission's willingness to allow operation of multiple, national Sepa schemes; says plan would thwart aims of Sepa
Swift lays out 2015 business strategy
New focus on tailored solutions for emerging markets, says Americas CEO Church
ICFA talks Target2- Securities with the ECB
Jean-Michel Godeffroy, chairman of the T2S programme board at the European Central Bank, talks through the future of the settlement platform with Melanie White of ICFA Magazine
More offshore renminbi currency pairs to go electronic
Icap plans to launch electronic cash trading for offshore renminbi against yen, Hong Kong dollars and euros within weeks to support its renminbi/ US dollar initiative.
Speed streaming on the Straits Times Index
New streaming technology has been introduced in Singapore to increase the speed and improve the transparency of structured products trades.
ECB approves business continuity standards at payment infrastructures
Systemically important payment systems get a "pass" mark but are asked to focus on crisis communication
IBM acquires operational risk software vendor OpenPages
Partnership on GRC software leads to deal, and new opportunities, says OpenPages' Gordon Burnes
Bank of America Merrill Lynch’s data convergence initiative takes off
Aim is to provide clear and entitled connectivity for data throughout the organisation
Payments providers split over Sepa end dates
Comments released by the European Commission show that European institutions and banking associations disagree over Sepa proposals to seperate end dates
Ginga debuts electronic coal trading in Asia
The Singapore-based broker aims to use technology to gain market share in the Indonesian sub-bit coal swaps market.
Global pension funds on the hunt for new custodians
Requests for proposals from continental Europe soar says JP Morgan pensions expert
TradingScreen launches corporate bond platform in Europe
TradingScreen has created a multilateral trading platform to streamline the process of corporate bond transactions by centralising the buying and selling of corporate bonds in Europe.