Clearing & Settlement
July 15, 2014 - Options, a financial cloud provider for the capital markets, announced that it has partnered with Orchestrade Financial Systems to deploy its fully integrated position keeping, operations and risk management software to the Options Momentum platform.
July 8, 2014 - Fidessa Group announced the next phase of its post-trade strategy with the launch of an affirmation management service (AMS) for the buyside. Fidessa AMS is a new class of application that automates the workflow for direct trade affirmation between the buy-side and sell-side, delivering a faster, cheaper and more accurate alternative to current solutions.
June 23, 2014 - Electra Information Systems has brought its newest billing system, Electra Billing, which gives the buyside an easy-to-use system that includes new data automation, security upgrades and digital tracking functionality. It is fully customizable.
July 20, 2012 - The Financial Stability Oversight Council voted to designate eight institutions as systemically important financial market utilities (SIFMUs).