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Global securities lending revenue up 8% YoY for August, reports DataLend
06 September 2023 US
Reporter: Jamie Richards

The global securities finance industry delivered US$945 million in lending revenue in August 2023, an 8 per cent increase year-on-year, according to DataLend

OCC average daily loan value up 16% YoY for August
06 September 2023 US
Reporter: Jamie Richards

Total securities lending volumes at the Chicago-based clearing house rose 6.9 per cent to 218,910 transactions, with average daily loan value increasing 16 per cent year-on-year

Eurex Repo average daily volume up 49% YoY for August
05 September 2023 Germany
Reporter: Jamie Richards

Trading volumes on Eurex Repo have grown 49 per cent year-on-year to €358.1 billion, with GC pooling volumes up by 243 per cent

Norddeutsche Landesbank goes live with new version of Murex’s MX.3
05 September 2023 Germany
Reporter: Jenna Lomax

NORD/LB capital markets activity relies on the MX.3 platform for back-office services, including collateral and accounting

Pirum appoints Koopmans as chief revenue officer
05 September 2023 UK
Reporter: Carmella Haswell

Jacob Koopmans brings more than 20 years of experience in capital markets to the role, alongside a distinguished career in sales and sales management

EquiLend adds DLT-based SSI repository using SSImple
05 September 2023 UK
Reporter: Bob Currie

The two companies indicate that this solution, built on R3 Corda DLT platform, is designed to address the challenges presented by inaccurate standing settlement instructions (SSIs) and to deliver a more efficient and secure trading environment

Investment Association opens applications for fintech accelerator programme
05 September 2023 UK
Reporter: Jamie Richards

The annual Engine Innovator programme supports fintech firms offering services and technology to the investment management sector

J.P. Morgan welcomes Deng
04 September 2023 UK
Reporter: Klea Neza

Koko Deng, former associate for CPP Investments, joins J.P. Morgan’s prime finance margin trading team

Dieter Bernhard retires from Deutsche Bank
04 September 2023 Germany
Reporter: Jenna Lomax

From 1986 to 2001, Bernhard was vice president, head of broker-dealer securities lending and custody services at Frankfurt-based Dresdner Bank

Bank of England steps up unwind of its asset purchase facility
04 September 2023 UK
Reporter: SFT

With this announcement, the UK central bank will reduce the planned size of its final three gilt auctions scheduled for Q3 from £790 million to £650 million for each of the short, medium and long maturity auctions

Ron Kaim exits Tonic
04 September 2023 UK
Reporter: Jenna Lomax

Ron Kaim has left Tonic to become a senior business consultant for platform connectivity at SimCorp

Phillip Capital selects DeMarco as trade manager
04 September 2023 US
Reporter: Carmella Haswell

David DeMarco, former Stonewain Systems senior business analyst, joins broker-dealer firm Phillip Capital as securities lending trade manager