CCP Volumes: The Next Evolution of the FX Market?
The above graph shows the Cumulative Monthly Notional Value of LCH FX Notional Values. From September 1st 2016, the non-cleared margin rules have required many large banks to exchange initial margin on NDFs for the…
New Capital Markets Cloud-based Utility, Sernova, Launches with First Client
Sernova Financial, a new capital markets utility for post-trade futures and derivative clearing, has launched with FirstRand Securities Limited as their initial client, clearing via LCH SwapClear. Sernova is now live and integrated at FirstRand…
Risk.net – Start-up Looks to Break Swaps Clearing Bottleneck
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Sernova Financial and TCS Enter into a Strategic Partnership
LONDON: India’s largest software exporter TCS today formed a strategic partnership with Sernova Financial to deliver its next generation cloud-based derivative post trade processing service to enable banks to effectively maintain compliance with the changing…
Calypso Technology Announces Strategic Partnership with Sernova Financial: Alliance Delivers Next-generation, Cloud-based Clearing Solution
Calypso Technology Inc., a leading provider of capital markets software, and Sernova Financial, an innovative provider of turn-key post-trade services, today announced a partnership to deliver next-generation, cloud-based clearing services. The alliance is designed to…
White Paper: The Inevitable Fragmentation of Clearing
With more derivatives users looking at alternative clearing access, what are the pro’s and con’s to direct membership?
No FCM No Problem
Self clearing may be the only viable option for derivatives users if FCMs step back from the business, warns Venkatesh Ramasamy of Calypso Technology – but direct CCP access comes with costs and obligations Large…