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GCEX appoints Nabi as strategic business development consultant
05 October 2023 United Kingdom
Reporter: Jenna Lomax

Based in the UK, Nabi will be responsible for driving growth from institutional and professional clients

MarketAxess appoints Pavan
05 October 2023 UK
Reporter: Carmella Haswell

Neelan Pavan, former product manager at Pirum Systems, joins MarketAxess as technical product manager for its post-trade product team

HKEX launches settlement acceleration platform
04 October 2023 Hong Kong
Reporter: Carmella Haswell

Designed to create improved efficiency and transparency for the market, Synapse is the latest enhancement to Stock Connect — a mutual market access programme that connects Mainland Chinese markets with those in Hong Kong

Global securities finance revenue climbs 1% for Q3 2023, says DataLend
04 October 2023 US
Reporter: Carmella Haswell

In September 2023, the industry generated US$767 million in revenue for lenders, representing a 6 per cent decrease from the previous year

OCC average daily loan value up 20.2% YoY for September
04 October 2023 US
Reporter: Carmella Haswell

The Options Clearing Corporation records a 20.2 per cent year-on-year increase in average daily loan value for securities lending trades, generating US$147.3 billion for September

EXCLUSIVE: Challice to depart from J.P. Morgan
04 October 2023 UK
Reporter: Carmella Haswell

Ben Challice, global head of Trading Services, securities finance, J.P. Morgan Chase, is to depart from the firm after six years of service

Banerrji to lead State Street in India
04 October 2023 India
Reporter: Lucy Carter

In the Bengaluru-based role, Banerrji will be responsible for the growth and transformation of the firm’s operations in India

Abu Dhabi Pension Fund picks Northern Trust for securities lending services
03 October 2023 UAE
Reporter: Jenna Lomax

Abu Dhabi Pension Fund has selected Northern Trust to provide its securities lending and global custody services, effective 1 January 2024

Clear Street hires Bisgay as chief financial officer
03 October 2023 US
Reporter: Carmella Haswell

The New York-based firm has expanded its senior leadership team with Steve Bisgay as chief financial officer, Ursula Clay as chief compliance officer, and Brent Posner as chief operating officer

BCBS releases adoption progress update
03 October 2023 Switzerland
Reporter: Lucy Carter

The update considers outstanding standards that remain after the Basel III framework’s 1 January 2023 implementation date, outlining progress that has been made by BCBS member jurisdictions since the end-September 2022 update

SmartStream launches new release of collateral management solution
03 October 2023 UK
Reporter: Carmella Haswell

TLM Collateral Management, V.6 is designed to assist organisations with data integrity and validation for all collateral management processing

UOB joins LCH’s SwapClear and ForexClear
03 October 2023 Singapore
Reporter: Lucy Carter

UOB is the first Southeast Asian bank to join ForexClear as a direct member, and is the final Singapore local banking group to join as a direct member of SwapClear