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DTCC launches data access service for OTC derivatives
08 November 2023 US
Reporter: Bob Currie

OTC Direct Connect will improve data access for OTC derivatives trades reported to DTCC’s Data Repository, using AWS Data Exchange to reference trade data held in AWS cloud

TS Imagine and Kayenta enter strategic partnership
08 November 2023 US
Reporter: Lucy Carter

Hedge fund treasury management system provider Kayenta has partnered with TS Imagine to grant clients access to multi-asset trading and risk management solution TS One

Metaco to power HSBC’s new digital asset custody service
08 November 2023 UK
Reporter: Bob Currie

HSBC has announced plans for the release of a new digital assets custody service using Metaco’s institutional client platform, Harmonize.

RBC selects Kim and Dragic as Canadian prime brokerage co-heads
07 November 2023 Canada
Reporter: Carmella Haswell

Roanna Kim and Vesna Dragic both bring a wealth of experience in securities finance to the new role

SimCorp and Axioma announce merger
07 November 2023 US
Reporter: Lucy Carter

The announcement follows the acquisition of SimCorp by Deutsche Börse Group in September 2023

EXCLUSIVE: Daswani leaves Standard Chartered
07 November 2023 UK
Reporter: Carmella Haswell

Sunil Daswani, global head of securities lending at Standard Chartered, has departed from the bank after more than three years

Financial Services Commission applies short selling ban in South Korea
06 November 2023 South Korea
Reporter: Carmella Haswell

The ban will commence from 6 November 2023 until the end of June 2024, and will prohibit the short selling of all KOSPI, KOSDAQ and KONEX listed items

ISS and Strate partner on proxy voting solution
06 November 2023 South Africa
Reporter: Lucy Carter

Through the collaboration, global and custodian banks using ISS’ GPD outsourced voting solutions will be able to use Strate’s central platform for the direct vote processing of South African issuers’ shareholder meetings

Philippines permits short selling on PSE Index stocks and selected midcaps
06 November 2023 Philippines
Reporter: Bob Currie

Short selling is now permitted in the Philippines, with 52 PSE-listed stocks and one exchange-traded fund available for short sale

Repo ADV rises 41.2% YoY for October, reports Tradeweb
03 November 2023 US
Reporter: Carmella Haswell

Further client adoption of Tradeweb’s electronic trading solutions has driven expansion in global repo activity on the platform, which generated US$527.2 billion for October

LCH welcomes UOB as a new member
03 November 2023 UK
Reporter: Carmella Haswell

The move marks United Overseas Bank as the first bank in Southeast Asia to join as a direct member of ForexClear — LCH’s solution for non-deliverable and deliverable foreign exchange

ICMA ERCC reveals update to European repo guide
03 November 2023 Europe
Reporter: Carmella Haswell

Created by ICMA’s European Repo and Collateral Council, the guide is designed to help avoid uncertainty and disagreements among market participants, helping to foster a more efficient and orderly repo market in Europe