Securities

See below for a list of independently written IBS Journal news and feature articles and IBS Intelligence Research vendor profiles, case studies and market analysis related to Securities in order of publication date.

You may also be interested in our Treasury & Capital Markets Systems Market Report >>

The term, securities, is a collective one that generally refers to shares and bonds, although other items of value may be included. The shares, or other types of equity, can be in any quoted company. Bonds are debt instruments that are issued by governments and companies.

Securities represent some form of financial claim and are generally very liquid as they are most often traded via exchanges or other intermediaries.

The purchase/sale of a security will involve two aspects – the exchange of cash and the receipt/cancellation of the security either in paper or electronic form. These steps are generically referred to as 'settlement'. The safekeeping of the security certificate is referred to as custody.

Several exchanges and clearing institutions have been established to aid the settlement process. For example, in Europe there is a pan-European organisation, Euroclear, which claims to be the world's largest settlement system for securities, covering both bonds and equities. The organisation has subsidiaries in Belgium (also its headquarters), Netherlands, UK & Ireland and France. It handles domestic settlement (i.e. within a single country) and cross-border (between different countries). Clearstream is another European organisation which not only provides settlement of securities but custody services also. In Canada, the CDSX (Canadian Depository for Securities Exchange) provides a settlement service and in the US, the Depository Trust & Clearing Corporation (DTCC) provides securities settlement facilities.

Due to the specialised nature of securities trading and the associated complexity of computer systems, many banks will consider outsourcing all or part of the processing to specialist operators. State Street Bank, Brown Brothers Harriman and Bank of New York Mellon are US banks that have traditionally provided significant services for securities processing.

The securities trading industry is striving to achieve 'straight-through processing' (STP) in which a securities trade is completely automated from order entry, through order routing (to execute, or perform the trade) to clearing and settlement. To help achieve this some industry standards have emerged such as the FIX Protocol.

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Article: Euroclear and DTCC to offer joint collateral services

16 May 2013

Euroclear and Depository Trust and Clearing Corporation (DTCC) have announced they will launch new collateral processing services based on the former's Collateral Highway offering and the latter's equivalent, Margin Transit Utility.

Article: Euroclear gains recruits for Collateral Highway

29 April 2013

Euroclear's Collateral Highway has similar aims to Clearstream's Global Liquidity Hub and is gaining a similar set of takers, with Standard Chartered the latest to sign.

Article: BNP Paribas adopts new Swift collateral flow messages

25 April 2013

BNP Paribas Securities Services is to integrate Swift's new collateral flow messages into its Margin Protect service to try to remove fax and email-based processes ahead of the expected leap in volumes as a result of new regulations.

Article: Standard Chartered partners with Clearstream for collateral management

24 April 2013

As BNP Paribas nears go-live, Standard Chartered has signed as the third institution to seek to provide a global collateral pool for clients by working with Clearstream's Global Liquidity Hub service.

Article: Vermeg: Megara, Omega

05 April 2013

Independently researched profile featuring company status, history, background, future strategy, system functionality and technical specifications, plus an extensive, verified user list for Vermeg Megara and Omega, including a pie chart breaking...

Article: Torstone Technology: Inferno

05 April 2013

Independently researched profile featuring company status, history, background, future strategy, system functionality and technical specifications, plus a verified user list for Torstone Technology and a pie chart breaking down implementations...

Article: GBST: Syn

02 April 2013

Independently researched profile featuring: Company Overview / Functionality of Syn / Post acquisition roadmap, 2009-2012 / Company and product history and evolution / User List and System Implementations by Region for Syn.This...

Article: Bursa Malaysia revamps securities trading platform

03 January 2013

Bursa Malaysia, a Kuala Lumpur-based stock exchange, is implementing a new securities trading platform, X-Stream Inet from Nasdaq OMX. The new solution will be 1000 times faster than its predecessor, supplied by NYSE Euronext, and will have a...

Article: End of Year Review 2012

20 December 2012

As 2012 drew to a close, IBS Journal rounded up the significant developments of the international banking software industry, highlighting major achievements, dubious accomplishments, key mergers and acquisitions, as well as regulatory changes that...

Article: JM Finn nearing go-live with Eximius and Beta Global wealth management solution

11 December 2012

UK-based JM Finn is nearing go-live with a wealth management solution from Thomson Reuters. It is the first to take a combination of this supplier's Beta Global back office system and Eximius portfolio management front-end. 

Article: On the move: December 2012 / January 2013

03 December 2012

A round-up of recent appointments and departures within the industry. Reshuffle at 3i Infotech, departures at ACI Worldwide, Lombard Risk and Sage SA, and new hires at Openlink Financial, Misys and Torstone Technology.

Article: Analysis: Target2-Securities – Where there is a (political) will, there is a way

03 December 2012

The likely make-up of the post-trade market with the arrival of Target2-Securities (T2S) is starting to take shape. Far from the predicted reduction in the number of Central Securities Depositories (CSDs), it looks as though there will be an...

Article: ECB revision to migration deadlines pushes back arrival of T2S

22 November 2012

Already delayed, Target2-Securities (T2S) has effectively been pushed back further as a result of a revision to the migration waves for Central Securities Depositories (CSDs). Few CSDs wanted to go in the first two of the three scheduled waves and,...

Article: SIX Securities plans decision on new CSD shortly

31 October 2012

SIX Securities Services expects to make a decision in the next couple of months about setting up a new CSD in the eurozone. With a number of banks also eyeing establishing CSDs, a shake-up looks likely ahead of the ECB's pan-European settlement...

Article: Clearstream makes acquisition to address hedge fund sector

30 October 2012

Can Clearstream bring straight-through processing to the hedge fund sector? It has acquired part of an Irish fund administration company, Centaur, to try to do just that.

Article: Torstone's Inferno ousts mainframe system at Daiwa Europe

04 October 2012

Torstone Technology, formerly KBC's captive securities and derivatives software developer, has signed multi-year extension deals with its major clients, Peel Hunt and Daiwa Europe. At the latter, it will become the sole back office system provider.

Article: GBST puts on brave face despite Syn issues

17 September 2012

GBST has not had a happy time with the Syn securities system since acquiring its developer, Coexis, in 2008. A long-running dispute with two of the company’s former senior officers, Sunil Shah and Terry Williams, has now resulted in...

Article: Ashmore goes live with Calastone for connectivity

13 September 2012

Ashmore Investment Management has turned to Calastone for connectivity to support its diversification away from the institutional market. Cut-over came in September.

Article: GBST undergoes restructuring, eyes expansion in Asia and North America

31 August 2012

Australia-based securities software vendor, GBST, has reorganised its operations into three distinct units, responsible for the Syn and Composer platforms and wholesale provision of access to financial products and data information transactions. 

Article: RLAM's implementation project with Murex in the testing phase

29 August 2012

UK-based Royal London Asset Management (RLAM) expects to go live with the new system for derivatives before the year-end 2012. Murex with its MX.3 offering has beaten Calypso, Openlink and Misys to the deal. 

Article: Completed Proof of Concept tests provide boost for T2S

24 August 2012

Swift and SIA/Colt have concluded Proof of Concept phases for Target2Securities connectivity as the long-awaited and much delayed European Central Bank-led project starts to move into view.   

Article: ProgressSoft – PS-ECC Suite, PS-SIG Suite, PS-eTrade, PS-ACH, PS-MPay

25 July 2012

Contents: Overview / Corporate Overview / Product Suite / Partnerships / Uptake and customer experiences / User List. 

Article: Temenos performs '180 degree turn' with Viveo user base

05 July 2012

Two and a half years after acquiring French rival, Viveo, Temenos has formally changed tack. It is no longer looking to force the user base to move systems by 2014. 

Article: Who's Bought What? – July / August 2012

04 July 2012

A round-up of recent orders in the financial technology sector worldwide. Temenos, Misys, Polaris and Sword Apak are among the vendors gaining new deals. National Bank of Egypt, Standard Bank, BTG Pactual and others acquire new software.

Article: Bloomberg's real-time research platform given global reach

26 June 2012

Bloomberg has extended the coverage of its Bloomberg Industries real-time portal. It now offers interactive industry research and data across more than 100 industries in North America, Europe and Asia.

Article: Vermeg buys 25 per cent stake in BSB

21 June 2012

Vermeg, the Paris-based securities system supplier, has acquired a 25 per cent stake in BSB, which sells systems for wealth management and life insurance.

Article: Euroclear's eurozone CSDs to sign T2S Framework Agreement

14 June 2012

The migration date is still to be determined but the four Euroclear central securities depositories inside the eurozone have agreed to sign the framework agreement to implement Target 2 Securities, and outsource their settlement functions to a...

Article: ERI gains breakthrough in Indonesia at Mandiri Sekuritas

08 June 2012

ERI has gained a first taker for its Olympic system in Indonesia and a third for the Unix and Oracle version. This is Mandiri Sekuritas, the securities brokerage subsidiary of the country's largest bank.

Article: Tieto launches end-to-end securities system in UK and Ireland

17 May 2012

The Scandinavian vendor has unveiled a new securities product for the UK and Irish markets, Tieto Securities. The first taker is expected later this year.

Article: Markit buys EDM specialist, Cadis

10 May 2012

After evaluating the enterprise data management market for a couple of years, Markit believes Cadis' platform is a 'natural fit', with the deal driven by escalating data-related demands on financial institutions.

Article: On the move – May 2012

02 May 2012

A round up of recent appointments and departures within the industry. Departures at Temenos and Paypal. FIS, TCS and Fiserv are among the companies who have announced new hires.

Article: 15 public sector banks in India issue banking software RFP

23 April 2012

A consortium of 15 public sector banks in India, led by Bank of Baroda, has issued an RFP for supply and installation of a biometric authentication solution for its core banking software, Infosys' Finacle. Nearly 200,000 devices are required.

Article: Saxo Bank live on RA-Cheetah for FIX

07 March 2012

Online trading institution, Saxo Bank, is live with Rapid Addition's RA–Cheetah FIX solution. Enhanced performance was the key.

Article: IBS Sales League Table 2012 (results Jan-Dec 2011)

01 March 2012

Who was up, who was down, what types of bank and what geographies were buying? Article contents: Introduction & Overview / Annual Sales League Table 1st Jan 2011 - 31st Dec 2011 / Oracle FSS and Temenos / Other Core Banking Systems...

Article: Russian vendors Sales League Table 2012 (results Jan-Dec 2011)

01 March 2012

Who was up and who was down in 2011? BIS, CFT, Diasoft, Fors Banking Systems, Inversia and R-Style Softlab compete for the top spot in this year's Sales League Table of Russian suppliers. Article contents: International banks...

Article: GBST grows user base of Syn settlement system

14 February 2012

GBST's Syn settlement system has had a handful of go-lives globally and is poised to replace the legacy Shares platform in Australia.

Article: Backchat – December 2011 / January 2012

05 December 2011

All the latest gossip from around the industry.

Article: KBC breakaway, Torstone Tech, sets sights on brokerage market

08 November 2011

Torstone Technology, a newly founded company, intends to market its Inferno securities and derivatives processing solution internationally. It already has a presence in New York, Hong Kong and London. 

Article: SIA Expo 2011: The tell-tale heart

01 November 2011

The SIA Expo 2011, which took place in Milan in mid-October, billed itself as 'the beating heart of the European payments evolution'. It attracted over 600 bankers, who had come to hear from a cross-section of speakers from industry bodies and...

Article: Eurofinance 2011: Think about the future

28 October 2011

Eurofinance's 20th anniversary international cash and treasury management event did not want to dwell on the past but instead looked forward to what might be. Technology will be at the forefront of the treasury role. Probably.

Article: SAB software to replace Viveo at Quilvest Banque Privée

28 October 2011

A suite of front and back office products of French supplier SAB will replace Viveo's software at a Paris-based private bank with $17 billion of assets under management, Quilvest Banque Privée.

Article: DAB Bank implements Core24 core banking offering from Kordoba

06 October 2011

As reported last month, DAB Bank in Germany is to install Core24 to replace Flexcube. Klaus-Peter Weiss, head of IT at the bank, talks to IBS about the bank's experience.

Article: On the move – October 2011

05 October 2011

A round-up of recent appointments and departures within the financial technology market worldwide. Mashreq Bank appoints new CIO, there is a new COO at Barclaycard and WDX Organisation has a new managing director. Temenos, Sentenial and others...

Article: Novus Capital live with MBA Systems bespoke front end

14 September 2011

Novus Capital Markets in the UK has gone live with a bespoke order capture and routing system from MBA Systems. The solution replaces outmoded manual processes.

Article: Search is on for Target2 Securities connectivity services providers

18 July 2011

Banca d'Italia has issued a tender to award two seven-year licences for Target2 Securities (T2S) connectivity services. The search is being carried out on behalf of the Eurozone central banks. 

Article: Top 10 IBS Journal Case Studies of 2011

13 July 2011

For one week only, we are making this year's Top 10 Case Studies from IBS Journal free to read when you register/login on our website (ends Wed 20th July 2011 when articles will be made subscription unless they feature in one of our...

Article: Who's Bought What? – July / August 2011

06 July 2011

A round-up of recent orders in the financial technology sector worldwide. Polaris, 3i Infotech, Callataÿ & Wouters, Capital Banking Solutions, TCS and others have gained new deals. Housing Bank for Trade Finance, Reserve Bank of India, Unicredit ...

Article: Who's Bought Who? IBS Journal July / August 2011

06 July 2011

A round-up of recent mergers and acquisitions in the financial technology sector worldwide. Buyers include Accenture, S1 Corporation and Sungard. ING Direct, Fundtech, and Swisscom Finance are among the target companies.

Article: On the move – July / August 2011

06 July 2011

A round-up of recent appointments and departures within the financial technology market worldwide. There's a new CIO at Union Bank of California, additional directors named at Infosys and a departure from Temenos. Broadridge, TwoFour, Vocalink and...

Article: Calypso launches collateral optimisation solution

04 July 2011

Collateral optimisation has become a hot topic among banks and regulators. Calypso is among the first suppliers to launch a solution to support this.