Robert Chiuch initially joined Clear Street to form a new securities finance initiative aimed at improving the securities finance experience for Clear Street’s institutional clients
Salvatore DiMaggio, senior vice president of D.E. Shaw, joins the FinOptSys advisory board to accelerate the firm’s solutions in global buy- and sell-side markets
The firm says the extension provides clients with an 'immutable, transparent and distributable' golden-record of their trades for reference, audit and other purposes
The BoE has outlined an action plan for the review of the UK Money Market Code, which is due in April 2024, and it will be working with the London Money Markets Association on steps to improve settlement efficiency in UK repo markets
The news follows regulatory approval regarding critical components of securities borrowing and lending — short selling can only function if a securities borrowing and lending programme is in place
The electronic trading platform and technology services provider says the new functionality offers further flexibility to clients, with efficient hedging for term repo trading