Leading the Way

Global Securities Finance News and Commentary

Securities finance news and commentary

People moves

Pirum promotes Stillwell

12 June 2026 UK
Reporter: Hansa Tote

James Stillwell will lead product management for CollateralConnect, Pirum’s cross-venue collateral management and optimisation platform

Repo

Federated Hermes launches Digital Treasury Fund Reserve Shares

12 June 2026 US
Reporter: Hansa Tote

The fund is Federated Hermes' first product designed to satisfy the requirements for eligible reserve assets that payment-stablecoin issuers are required to maintain under the GENIUS Act

Repo

ISDA launches repo market indicators

12 June 2026 US
Reporter: Hansa Tote

According to the International Swaps and Derivatives Association, the indicators illustrate central clearing adoption in the US Treasury repo market

Technology

alrajhi capital selects EquiLend

11 June 2026 Saudi Arabia
Reporter: Hansa Tote

Industry

BSF Capital joins ISLA

11 June 2026 Saudi Arabia
Reporter: Hansa Tote

Technology

Clearstream unveils digital securities infrastructure

11 June 2026 Luxembourg
Reporter: Tahlia Kraefft

The firm is launching a hybrid post-trade infrastructure handling both traditional and digital securities, digitising the full lifecycle, including settlement, custody, and asset servicing

People moves

Marex hires Woodcock

11 June 2026 Hong Kong
Reporter: Hansa Tote

Charlie Woodcock brings more than 20 years of experience across institutional trading and global markets to the role

People moves

ISLA names O’Donnell as COO

11 June 2026 UK
Reporter: Hansa Tote

Stephen O’Donnell joins ISLA from BNY, where he spent four years as EMEA head of sales and relationship management for global collateral and global clearing

People moves

D2 Legal Technology appoints Heymann

10 June 2026 UK
Reporter: Carmella Haswell

Daniel Heymann brings more than 20 years of experience in the legal field to his new role

Leading the Way

Global Securities Finance News and Commentary

Features

The next phase for securities financing

Dan Long, global head of securities lending product at GLMX, delves into the balance between standardisation and nuanced engagement to drive liquidity across market segments

The architecture of indifference: Why prime brokerage has forgotten its clients — and what comes next

Raj Karan Singh, managing director, co-head Securities Finance & Delta One, and Alasdair Sutherland, managing director, co-head Securities Finance & Delta One of Mirae Asset Securities (UK), consider how prime brokerage has changed in the post-2008 era

Repo reinvented

Sunil Daswani, global head of client management, Match Products at MarketAxess, looks at how speed, clarity, and confidence are reshaping the future of repo markets

Reading between the lines

A new paper, co-authored by Dr Radek Stech and Roy Zimmerhansl, explores how securities lending can reveal governance and risk signals across financial markets, and argues for a more interconnected and action-oriented approach to transparency and accountability

The new liquidity landscape: Why integrated solutions are optimal for pension funds

CACEIS’s Olivier Zemb, head of Equity Finance and Collateral Management, Joanna Ksenzova, senior Market Services sales, and Rémy Ferraretto, head of Securities Finance & Repo Sales, explore why a proactive, integrated approach to financing and liquidity, delivered through the custodian, is critical for resilience and performance

The regulatory forces shaping securities lending

Market participants discuss the core factors pushing the securities finance industry forward in Europe, touching on Basel 3.1, T+1, and CCP clearing. As they take strides to support an evolving market, panellists review post-trade, digital assets, and the continued demand for HQLA

Repo resilience: Why today’s US repo market tends to bend rather than break

The structure of the modern US repo market has evolved significantly since previous episodes of stress. Thomas Hefty, head of front-end repo rates trading at BMO Capital Markets, looks at how central clearing, sponsored repo, and Federal Reserve backstops are reshaping market resilience

The benefits of an integrated fixed income value chain: From trading to clearing and settlement

Yama Darriet, head of OTC Capture and Repo Expansion Initiative at Euronext, explores fragmentation across the value chain and the significance of infrastructure design

Leading the Way

Global Securities Finance News and Commentary

Podcasts

Acadia Ahead of the Curve

Word on the (Clear) Street

eSecLending Insights

Making Sense

Interviews

Murex

The clock is ticking: How intraday repo is rewriting the rules of liquidity management

Rising rates, compressing settlement cycles, and the emergence of DLT-based platforms have thrust intraday repo into the institutional spotlight. Murex’s Ramzi Khemakhem, head of repo and secured funding product management, and Dorothy Queant, securities finance connectivity manager, explain why the economics have shifted

Appia Financial Services

A collection of expertise

John Stracquadanio, CEO of Appia Financial Services, sits down with Hansa Tote to discuss the aims of the business, target clientele, and initial product offerings in a world that is becoming increasingly technologically minded

BrokerTec

Connecting markets and remaining at the centre of trading execution

CME Group’s Matthew Gierke, global head of BrokerTec, and Sara Carter, global head of Repo for BrokerTec, speak to Carmella Haswell on the firm’s move to support central clearing, the transformational era of repo, and plans to connect its offerings

Lago Kapital

Nordic growth and challenger positioning

Lago Kapital CEO Jarkko Järvitalo sits down with Hansa Tote to discuss the firm’s expansion across Scandinavia, built on a foundation of securities lending, with integrated offerings spanning market making, incentive programmes, and complex valuation services

BNY

Investing in resilience: Navigating the US Treasury clearing mandate

Nate Wuerffel, head of product for Global Collateral and head of Market Structure at BNY, provides a comprehensive perspective on the US Treasury market and the upcoming clearing mandate that is set to impact not only the US, but Asia and Europe also. Carmella Haswell reports

National Bank of Canada

Trading with agility: Driving the business forward in a rapidly evolving market

James Bryce, Mathilda Yared, and Steven Scholl of National Bank of Canada speak to Carmella Haswell on driving the business forward via technological investment, building the foundations to prepare for upcoming regulatory changes, and questioning infrastructure through a digital assets lens

London Stock Exchange Group

A single source of trade and agreement data

London Stock Exchange Group recently launched TradeAgent, designed to replace the industry’s duplicative processes with a single source of trade and agreement data. Annabel Harrison speaks with Hansa Tote to discuss the platform — from collaboration to cutting costs

CIBC Mellon

Talent at the core: Shaping the future of Canada’s securities finance industry

CIBC Mellon’s Lisa Tomada, vice president of securities lending, and William Yan, relationship executive of markets, review the search for talent, a broadening skill set, and supporting the next generation as a consequential investment

Leading the Way

Global Securities Finance News and Commentary

Magazine

News and people moves roundup

At the centre of trading execution

BrokerTec’s Matthew Gierke and Sara Carter on the firm’s move to support central clearing and plans to connect its offerings.

A collection of expertise

John Stracquadanio, CEO of Appia Financial Services, sits down with Hansa Tote to discuss the aims of the business, target clientele, and initial product offerings in a world that is becoming increasingly technologically minded.

The clock is ticking

Rising rates, compressing settlement cycles, and the emergence of DLT-based platforms have thrust intraday repo into the institutional spotlight. Murex’s Ramzi Khemakhem, head of repo and secured funding product management, and Dorothy Queant, securities finance connectivity manager, explain why the economics have shifted.

Magazine archive