Looking towards the horizon, the FinTech industry is set to be a strong influencing factor on the financial industry. The role that Blockchain may play for example is intriguing – and there’s little doubt that its advantages will potentially be harnessed in the not too distant future. Within a five to ten year timeframe there’s…
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Deutsche Börse AG has published its results for the third quarter of 2016 on Thursday. Consolidated net revenue rose by 1%, to €558.5 million (Q3/2015: €555.0 million), despite the weaker market environment. Thanks to structural efficiency measures, adjusted operating costs declined by 5% in the period under review, to €275.7 million (Q3/2015: €290.6 million). Adjusted…
Read moreClearstream has just announced its September report. The highlights last month were: A slight rise can be seen in ICSD and IFS numbers YoY. ICSD was 6.85, IFS - 1.47, compared to last year's 6.66 and 1.44. September's GSF on the other hand, dropped down with 13.60% YoY and the actual number was 501.63. September's GSF has…
Read moreDubai Gold and Commodities Exchange (DGCX) has welcomed ABN AMRO Clearing Bank N.V. as a Special Clearing Member on Dubai Commodities Clearing Corporation (DCCC). DCCC is a wholly owned subsidiary of DGCX and acts as central counterparty for all trades executed on the Exchange. ABN AMRO Clearing is a global company in clearing and post-trade services and…
Read moreInternational investors based in Hong Kong can now use their existing setup with banking company Clearstream’s global Vestima fund processing platform to directly invest in MRF-eligible, China-domiciled funds. The Mainland China - Hong Kong Mutual Recognition of Funds (MRF) programme allows Hong Kong and Chinese asset managers to distribute recognised funds in both jurisdictions. Vestima…
Read moreSIX Securities Services and the banking company Clearstream have announced their intention to enter into a partnership to provide services to the Swiss and European markets. In the months to come they will work on the exact details of the partnership and intend to launch in the beginning of 2017. The partnership comes in the context…
Read moreClearstream has just announced its August report. The highlights last month are: - Successful TARGET2-Securities wave three migration - Clearstream prepares for its migration in February 2017 After the successful third migration wave, TARGET2 Securities (T2S) is now gaining momentum, and Europe is one step closer to a harmonised settlement. With its own migration drawing…
Read moreThe banking company Clearstream has just announced its July report. The pan-European settlement platform TARGET2-Securities (T2S) is gaining momentum. The third migration wave will take place next month, and more and more market participants now focus on optimising their operating model in a T2S world. Clearstream Chairman Jeffrey Tessler when presenting Clearstream’s monthly figures, mentioned: Although T2S…
Read moreThe banking company Clearstream reported a steadily growing demand for Exchange Traded Funds (ETF). According to the company, the market now has a value of more than €450 billion with over 2,200 products in at least 20 countries. However, the boom is curtailed by settlement and realignment challenges within the fragmented European market, notes Jeffrey Tessler,…
Read moreMembers of The Liquidity Alliance, including ASX (Australia), Cetip (Brazil), Clearstream (Luxembourg), Iberclear (Spain) and Strate (South Africa), will be able to give the buy-side an option to collateralise triparty repos with banks through 360T, a platform for foreign exchange and money markets trading, which was recently acquired by Deutsche Boerse AG (ETR:DB1). Buy-side customers…
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