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Pirum collaborates with Kingfield to automate income claims
19 July 2023 US
Reporter: Carmella Haswell

The connectivity created by the two firms aims to increase straight-through processing, enabling counterparties to remit claims on pay date and reduce capital requirements

ISLA and PASLA release overview of Asian addendums and annexes
19 July 2023 Asia Pacific
Reporter: Carmella Haswell

The document includes summaries of the Korean Broker annex, Korean Securities Depository (KSD) annex, Malaysia addendum and Taiwan addendum, extending their legal opinions covering use of the GMSLA to 64 jurisdictions

Wematch.live launches Data & Analytics Tool
18 July 2023 UK
Reporter: Carmella Haswell

The fintech firm says the release is designed to enhance securities financing through improved market transparency and standardisation

CME Group and FICC extend cross-margining
18 July 2023 US
Reporter: SFT

The Depository Trust & Clearing Corporation and CME Group have extended their cross-margining arrangements for the benefit of mutual clients that clear US treasuries and CME Group interest rate futures

GLMX reaches US$1.5 trillion milestone in daily balances
18 July 2023 US
Reporter: Carmella Haswell

The daily balances reached on the platform represent the trading activity of global financial institutions that use GLMX technology to negotiate and execute securities financing transactions

Securities lending revenues make for ‘second-best half year ever’ for 2023
18 July 2023 US
Reporter: Carmella Haswell

The sector generated US$7.02 billion in securities lending revenue during H1 2023, nearing heights not seen since 2008, according to S&P Global Market Intelligence’s Matthew Chessum

StoneX Launches SOFR Swap Trading for FX Clients
14 July 2023 US
Reporter: Jamie Richards

The American financial services firm has announced the new capabilities as part of its transition from LIBOR to SOFR, offering users near-term protections from higher interest rates

ActiveViam partners with Tonic for transformation and implementation
14 July 2023 UK
Reporter: Jamie Richards

The analytics and decision-making firm will combine its expertise in analytics with The Tonic Consultancy’s broad experience in collateral management, post-trade, inventory management, market risk, and x-value adjustment

Zodia Custody and Hidden Road Partners collaborate on digital asset solution
14 July 2023 UK
Reporter: Lucy Carter

Zodia Custody’s Interchange solution will give institutional clients access to custody services and prime brokerage, provided by Hidden Road

FCA fines Bastion Capital for cum-ex violations
13 July 2023 UK
Reporter: Bob Currie

The UK regulator ruled that the transactions were carried out in a way “that was highly suggestive of financial crime” and that the broker had failed to manage risk that it was being used to facilitate fraudulent trading and moneylaundering

Interactive Brokers launches Securities Lending Dashboard
13 July 2023 US
Reporter: Jamie Richards

The Connecticut-based electronic broker has targeted the new tool towards short traders and will track securities that trade in North America, Europe and Asia

SFTs are risky, complex and difficult to understand for some retail clients, says ESMA
13 July 2023 Europe
Reporter: Carmella Haswell

The European authority has released a public statement highlighting the risks of securities lending in regards to retail client financial instruments, and how MiFID II rules apply to protect investors