News search | Securities Finance Times

Generic business image for news articles

Citi releases automated settlement upgrades in Hong Kong
07 June 2023 Hong Kong
Reporter: SFT

This proprietary solution links directly to Hong Kong’s central clearing and settlement system and will support demand for faster settlement to drive collateral management efficiency, settlement confirmation reporting and other gains in post-trade

Wematch.live hires Green
06 June 2023 UK
Reporter: Carmella Haswell

James Green will join the securities finance trading and workflow specialist as a sales trader after four years with Credit Suisse

State Street Global Markets appoints Delikaris as new global head
06 June 2023 US
Reporter: Carmella Haswell

Nick Delikaris, former head of digital finance trading at Coinbase, has re-joined State Street as global head of automation, analytics and platform services for Financing Solutions

FCA hits ED&F Man Capital with £17.2m fine for its role in facilitating cum-ex trades
06 June 2023 UK
Reporter: Bob Currie

This is the fourth penalty applied by the UK regulator and the largest that it has applied to date relating to div arb violations. MCM qualified for a 30% reduction under the Settlement Discount Scheme since it did not dispute the FCA's charges

Repo ADV on Tradeweb climbs 11.9% YoY for May
06 June 2023 US
Reporter: SFT

The New York-based provider of electronic trading for rates, credit, equities and money markets indicates that average daily trading volume across all asset classes for the month of May has risen 14.1 per cent YoY to US$1.35 trillion

Indonesia’s IDClear launches Bilateral Securities Lending and Borrowing facility
06 June 2023 Indonesia
Reporter: Carmella Haswell

With the Bilateral SLB facility, securities lending and borrowing transactions will become “increasingly regular and fair”, according to IDClear, and is designed to allow market participants to optimise all securities that are eligible for transactio

Bank of England research highlights benefits of central clearing in gilts repo markets
05 June 2023 UK
Reporter: Bob Currie

Drawing on quantitative data from recent liquidity shocks, a BoE working paper evaluates how wider central clearing could extend dealers’ capacity to intermediate repo markets

Kamal departs from Wealthsimple to launch firm
05 June 2023 Canada
Reporter: Carmella Haswell

Farah Kamal has departed from her role as director of new investment products at Wealthsimple to launch a new product and consulting firm

OCC cleared securities lending volumes rise 4.4% YoY for May
05 June 2023 US
Reporter: Carmella Haswell

The total securities lending volumes cleared on the Options Clearing Corporation (OCC) platform have increased 4.4 per cent year-on-year to 212,269 trades for May 2023

Harris joins Transcend
05 June 2023 UK
Reporter: Lucy Carter

New Jersey-based financial service provider Transcend has appointed Emily Harris as a product specialist. She is based in the UK

Wematch launches new digital workflows for trade desks
02 June 2023 UK
Reporter: SFT

With the addition of two new modules to its digitised dealing workflow platform, the Financial Resource Management Optimiser and Total Return Swaps Cash Flow Management solution, Wematch aims to deliver greater efficiency to sec finance trading

Global securities lending revenue up 15% YoY for May, reports DataLend
02 June 2023 US
Reporter: SFT

The global securities finance industry delivered US$1.06 billion in lending revenue in May 2023, a small rise on the US$1.05 billion in revenue generated for lenders during April 2023