Credit Suisse

blockchain, Credit Suisse, Instinet, Paxos, settlement, Societe Generale

Paxos, a New York-regulated financial institution that digitizes and mobilizes assets, announced it launched a service that can now settle select US-listed equity trades between broker-dealers Credit Suisse and Instinet.…

European banks transact on DLT-based seclending platform

December 3, 2019

News and Notes

Commerzbank, Credit Suisse, Deutsche Borse, DLT, HQLAx, Securities Lending, UBS

Deutsche Börse and HQLAᵡ successfully launched their jointly developed Distributed Ledger Technology (DLT) solution for frictionless collateral swaps in the securities lending market. The live transactions were executed by Commerzbank,…

Credit Suisse migrating post-trade to Torstone’s cloud-based platform

September 12, 2019

automation, cloud, Credit Suisse, post-trade, Torstone

Torstone Technology announced that Credit Suisse Securities has selected its post-trade processing platform, Inferno, to replace the firm’s existing third-party outsourced platform and service. The platform is multi-asset, multi-entity and cloud-based,…

Credit Suisse completes transfer of InvestLab to Allfunds

September 6, 2019

News and Notes – Fintech, Uncategorized

Allfunds, Credit Suisse, ETFs, InvestLab, mutual funds

Credit Suisse, Prime Brokerage

Credit Suisse announced the closing of the transfer of its third party investment fund platform InvestLab to Allfunds. In a company statement late June, Credit Suisse stated that “that the…

Fintech weekly deals and partnerships roundup

FT: Vanguard and Ant Financial team up for mutual funds adoption in China Pennsylvania-based Vanguard has just agreed an investment advisory joint venture with Ant, a subsidiary of the Chinese…

Fintech weekly deals and partnerships roundup

HSBC partners with Canada’s Element AI in GBM division HSBC has signed a collaboration agreement with artificial intelligence (AI) software company Element AI to help the bank develop the capability…

The Trade: Credit Suisse sees increased prime brokerage revenues after balance sheet cuts

April 29, 2019

Josh Galper

News and Notes

Credit Suisse has seen a turnaround in its prime brokerage unit after 18 months of cutting back non-profitable hedge fund clients and staff. The Swiss-based bank stated it has seen…

Credit Suisse and Banco Best putting fund trade process on DLT

February 8, 2019

Banco Best, blockchain, Credit Suisse, DLT, FundsDLT

Banco Best and Credit Suisse Asset Management successfully processed live end-to-end fund transactions, using FundsDLT, a blockchain-based decentralized platform for fund transaction processing. The transactions included every part of the fund…

Goldman Sachs, Credit Suisse among investors in $17.5mn round for exceptions management fintech

December 13, 2018

AccessFintech, Citi, Credit Suisse, fundraising, Goldman Sachs, J.P. Morgan, post-trades processing

AccessFintech announced it’s closed a series A funding round and secured $17.5 million investment from Citi, Credit Suisse, Goldman Sachs and J.P. Morgan. The AccessFintech network aggregates business exceptions, and…

Credit Suisse saves $200mn yoy from digitization

December 12, 2018

cloud, Credit Suisse, machine learning, RPA

Credit Suisse said it expects to save CHF200 million ($202.0mn) on operating expenses year-on-year as a result of its digital transformation strategy. Parts of the strategy highlighted in the Swiss…

Credit Suisse and ING in first seclending transaction using collateral lending app and blockchain

March 1, 2018

News and Notes, News and Notes – Fintech

blockchain, collateral technology, Credit Suisse, distributed ledger technology, HQLAx, ING, R3

Credit Suisse and ING have completed the first live securities lending transaction settled using R3’s Corda blockchain platform. The two banks swapped baskets of securities with a value €25 million using…

Axoni, 11 firms prove Peer to Peer blockchain for equity swaps

November 21, 2017

News and Notes, News and Notes – Fintech

Axoni, blockchain, BNP Paribas, Canada Pension Plan Investment Board, Citi, Credit Suisse, Equity Swaps, Goldman Sachs, IHS Markit, ISDA, J.P. Morgan, Thomson Reuters

Axoni and 11 firms announced today the successful completion of a pilot to manage equity swap transactions and related post-trade lifecycle events. The implementation employs blockchain smart contracts and uses…

LiquidityEdge launches off-the-run US Treasuries trading with Barclays and Credit Suisse

November 7, 2017

News and Notes, News and Notes – Fintech

Barclays, Credit Suisse, electronification, Liquidity Management, LiquidityEdge, US Treasuries

Electronic US Treasuries (UST) trading venue LiquidityEdge has launched the market’s first ever fully electronic aggregated streaming service for off-the-run USTs. Three primary dealers including Barclays and Credit Suisse have…

Credit Suisse’s Zoltan Pozsar on sterilization, repo and FX Swaps (Premium)

September 25, 2017

Josh Galper

Cash management, Collateral Management, Federal Reserve, FX, Liquidity Management, Repo

Credit Suisse, FX Swaps, Liquidity, Repo, sterilization, topstory, Zoltan Pozsar

Credit Suisse’s Zoltan Pozsar has written a master class on how money flows in today’s financial markets. It’s on the complicated side and you might need to read this article…

Major global banks look to digital currency to speed cross-currency settlement

September 13, 2017

Richard Stinchfield

Blockchain, ECB, Federal Reserve, Fintech, Market infrastructure, Operations, Settlements, Technology

Barclays, blockchain, CIBC, Credit Suisse, FX, HSBC, MUFG, State Street, UBS, utility settlement coin

Late in 2015, UBS announced it was working on a blockchain-based digital currency for capital markets, called the utility settlement coin (USC). The USC would be used to facilitate settlement…

Credit Suisse says Japanese banks are driving unsecured debt pricing in US money markets, and the move to the Overnight Benchmark Funding Rate is not going to end well

August 8, 2016

Josh Galper

Derivatives, Money Market Funds, Repo, unsecured funding, US

Credit Suisse, FX Swaps, LIBOR, secured funding, topstory, unsecured funding

In a new Fixed Income Research release, Zoltan Pozsar, formerly of the US Treasury, and his colleague Sarah Smith have conducted a deep analysis of secured and unsecured debt pricing…

FRTB could spur new wave of IT overhaul (Premium)

March 31, 2016

Basel III, Regulatory, Technology

Basel capital rules, Credit Suisse, FRTB, Fundamental Review of the Trading Book (FRTB), Societe Generale, technology, topstory

Regulatory, Securities Lending

Last week, we dived into the FRTB and what it will mean for capital cost increases. But market risk heads and vendors are also getting prepared for what the trading…

Regulation SHO Woes: Finra Fines Credit Suisse $1.75 Million For Alleged Violations

December 27, 2011

Jonathan Cooper

Credit Suisse, Regulation SHO, Securities Lending, Systems Architecture, UBS