Broadridge Financial Solutions has added exchange-traded options to its Gloss multi-asset trade processing and settlement solution, reducing operational risk and cost around the asset class by supporting it on a unified platform delivering a single view of positions across all asset classes, high level straight through processing (STP) and reduced time exposure to failed settlements.
Post-trade solutions specialist Traiana is promising eight foreign exchange clearers that will use its Harmony CCP Connect to clear over-the counter (OTC) foreign exchange derivatives reduced operational risk through electronic matching, reconciliation and allocation processes, and reduced counterparty risk through real-time limit monitoring and kill switches.
The launch this month of what’s being touted as the market’s first Composite IT Health Score (CHS) by ITRS Group and Netuitive aims to straddle the divide between IT and business when it comes to monitoring the performance of ‘trading plant’ infrastructure. By keeping tabs on trading and other mission-critical systems under ongoing market conditions, the protagonists say, financial institutions can reduce the risk associated with trading infrastructure and identify opportunities, both for lower costs and trading gains.
Mizuho Trust & Banking (USA), the US custody bank within Japan’s Mizuho Financial Group, has implemented IT2’s treasury management system to provide a straight through processing (STP) solution for its expanding foreign exchange operations.
Nordic Investment Bank (NIB) has moved from a manual collateral management process based on Microsoft Excel for its OTC derivatives trades to Omgeo’s ProtoColl automated solution with a view to lowering counterparty risk and optimising capital.
Hedge fund manager Marshall Wace has expanded its use of ITRS’s Geneos real-time monitoring and management solution across 100 applications on 150 servers. The firm is now working towards using Geneos metrics to deliver additional functionality such as capacity planning.
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TriOptima has added a third service to its post-trade risk management portfolio for OTC derivatives. Called triBalance, the web-based service uses the multilateral algorithmic optimising engine at the heart of existing services triResolve and triReduce and aims to reduce systemic risk by rebalancing counterparty credit exposure for cleared and uncleared OTC derivatives.
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