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Citi, WisdomTree and Wellington Management conduct tokenisation trial for private funds
16 February 2024 US
Reporter: SFT

This tested the tokenisation of a private equity fund issued by Wellington, with ABN AMRO fulfilling the role of a traditional investor. The proof of concept was conducted on the Avalanche Spruce Institutional test Subnet

BNY launches digital direct-to-custody trading
15 February 2024 US, Europe
Reporter: Lucy Carter

The integrated trading solution automates end-to-end, trade-to-settlement processing and allows clients to place equity, ETF and US Treasury orders directly from their accounts

MUFG appoint Al Sharif to head GCIB for MENA
15 February 2024 Middle East, Africa
Reporter: Sophie Downes

Wael Al Sharif succeeds Elyas Al Gaseer who has held the post of head of global corporate and investment banking since 2013

DTCC M2i workflow found to boost settlement efficiency
14 February 2024 US
Reporter: Lucy Carter

This has been achieved through the use of DTCC’s CTM Match To Instruct workflow in Q4 of 2023, the company says

CPMI-IOSCO launch consultation on VM processes in cleared markets
14 February 2024 Switzerland
Reporter: Bob Currie

The consultation report, Streamlining Variation Margin in Centrally Cleared Markets, outlines eight practices for promoting effective VM processes and transparency between CCPs, clearing members and their clients

ESMA withdraws Euronext Paris SA’s approval as a data reporting service
14 February 2024 France
Reporter: Carmella Haswell

The withdrawal follows the notification by Euronext to renounce its authorisation under conditions set out in Article 27e(a) of MiFIR

Trading Apps celebrate launch of TA.Link
14 February 2024 UK
Reporter: Carmella Haswell

TA.Link provides an alternative connection which aims to mitigate the risk of using a single messaging service to communicate with counterparties

Bankaool selects Adenza Calypso Treasury Foundations solution
13 February 2024 Mexico
Reporter: Sophie Downes

The cross-asset, front-to-back solution aims to strengthen Bankaool’s infrastructure for rapidly-expanding digital services

Overy leaves TD Cowen
13 January 2024 UK
Reporter: Sophie Downes

Based in London, John Overy was managing director of global securities finance

ESMA clarifies best execution reporting for MiFID II
13 February 2024 Europe
Reporter: Carmella Haswell

Under the reviewed framework, investment firms are no longer required to annually report detailed information on trading venues and execution quality through RTS 28 reports

BNP Paribas Securities Corporation joins LCH CDSClear
12 February 2024 Europe, US
Reporter: Sophie Downes

LCH CDSClear aims to create greater access to the capital reduction, margin offsets and operational efficiencies available through clearing

Basel III Endgame and G-SIB Surcharge may reduce clearing access for SFT and derivatives markets
09 February 2024 US
Reporter: Bob Currie

ISDA’s head of capital Panayiotis Dionysopoulos and head of clearing services Ulrich Karl speak to Bob Currie about the implications of the US Basel III Endgame and G-SIB Surcharge proposals