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Clearstream GSF volumes outstanding jump 12% YoY for May
08 June 2023 Luxembourg
Reporter: Carmella Haswell

Clearstream’s global securities financing business recorded a 12 per cent YoY increase in volumes outstanding to €664.5 billion for May, according to recent monthly figures

OSTTRA releases cross-currency swap conversion service ahead of Libor cessation
08 June 2023 UK
Reporter: SFT

The post-trade specialist indicates that the conversion service is delivered via its triReduce and triBalance products, with OSTTRA MarkitWire providing connectivity to CCPs for the overlay swaps.

Virginia Department of the Treasury appoints Mitsubishi for sec lending services
08 June 2023 US
Reporter: Lucy Carter

The Virginia Department of the Treasury has selected Mitsubishi UFJ Trust and Banking Corporation to provide its securities lending services

Baudo becomes strategic advisor for Broadridge
08 June 2023 US
Reporter: Carmella Haswell

Michael Baudo will work with the corporate services and financial technology firm to enable growth across the securities finance market in North America

Eurex Clearing extends Partnership Program to short-term rates products
07 June 2023 EU
Reporter: Bob Currie

The Frankfurt-based exchange and clearer aims through its partnership scheme to create a strong alternative liquidity pool for EURIBOR futures and options embracing Eurex’s LTIR segment and clearing services for OTC rate swaps and repo

Comyno appoints Andrić and Grubišić as DevOps engineers
07 June 2023 Serbia
Reporter: Carmella Haswell

Marko Andrić and Željko Grubišić join the fintech firm as development operations engineers to support Comyno’s growth

StoneX extends its UK institutional prime solution
07 June 2023 UK
Reporter: SFT

The US prime broker and FCM has strengthened its team in London with the appointment of Gary Clifford-Newman to drive cross-asset sales and James Barten, who becomes head of EMEA securities finance

Mizuho welcomes Jorge Castillo
07 June 2023 US
Reporter: Jenna Lomax

Castillo was previously an equity finance trader at Natixis CIB Americas from 2022 to 2023

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