The TRADE sits down with James Pike, head of business development at Euroclear-owned Taskize and former global head of institutional client services and global head of co-equity operations at Morgan Stanley, to learn why Europe is still struggling with settlement failures – and what can be done about it.
In launching the service, the platform will allow for the simultaneous exchange of cash and securities between broker-dealers to settle US listed-equities trades.
The launch of the platform marks the latest success for AccessFintech, which originated from JP Morgan’s FinTech incubator and went live just six months ago.
Paxos has been given the green light to launch its blockchain-based settlement service for certain broker-dealers, including Credit Suisse and Societe Generale.
Project saw cash and securities tokens swapped for settlement using DLT, and tokenised cash used as collateral for margin requirements.
The introduction of Japanese funds onto the FX settlement service follows a multi-year effort to onboard the Japanese buy-side community to CLSSettlement.
HKEX will develop new systems for the proposed paperless regime, which could be in place by early 2022.
SEC hands ITG $12 million fine for disclosing information on client activity within POSIT to HFTs and misleading investors on how the dark pool operates.
DTCC, Accenture, Digital Asset and R3 teamed up to build a US equity clearing and settlement system prototype.
ASX is now looking to launch its new post-trade blockchain system in March or April 2021, rather than the end of 2020 as initially planned.