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OCC average daily loan value grows 24.3% YoY for March
02 April 2024 US
Reporter: Sophie Downes

The Options Clearing Corporation (OCC) has recorded a 24.3 per cent year-on-year increase in average daily loan value

European Central Bank selects Tradeweb for electronic trading platforms
02 April 2024 UK
Reporter: Carmella Haswell

The electronic trading platforms will cover EUR-denominated bonds — including European government bonds, covered bonds and repo — US treasuries and Japanese government bonds

Chiuch swaps Clear Street for Curvature Securities
02 April 2024 US
Reporter: Carmella Haswell

Robert Chiuch will join the broker-dealer as director of special projects, bringing more than two decades of securities finance experience

Matrix Applications releases sec lending solution
02 April 2024 US
Reporter: Carmella Haswell

The solution is designed to address challenges facing financial firms — notably firms that want to expand into stock loan and which require the expertise or technology to build out the operational support

UK government gives the go-ahead for move to T+1
02 April 2024 UK
Reporter: Carmella Haswell

The Accelerated Settlement Taskforce report recommends that the UK should aim to move to T+1 no later than the end of 2027 — the government “fully endorses” this as firms require sufficient time to prepare for the transition

WISF’s Rathgeber to join Fidelity Agency Lending
02 April 2024 US
Reporter: Carmella Haswell

Jill Rathgeber, former director of product and strategy at BNY Mellon, has joined Fidelity Agency Lending

SIX acquires FactEntry
28 March 2024 Switzerland
Reporter: Sophie Downes

The acquisition was completed on 27 March and will enable SIX to provide a comprehensive and unified data offering to its customers, says the firm

Talos connects to TP ICAP’s Fusion
27 March 2024 US
Reporter: Jack McRae

Fusion Digital Assets is a trading venue for institutional participants

BNY Mellon and GLMX collaborate to connect the buy side
27 March 2024 US
Reporter: Carmella Haswell

This integration connects the New York-based bank’s US$5.25 trillion triparty liquidity pool with the electronic securities financing trading platform’s US$2 trillion network.

TMX Group becomes member of Liquidity Alliance
27 March 2024 Canada
Reporter: Carmella Haswell

Founded in 2013 by ASX, B3, Clearstream and Strate, the Liquidity Alliance is a global association of market infrastructures, delivering collateral management services

ISLA welcomes OTP Bank as a new member
27 March 2024 Hungary
Reporter: Carmella Haswell

The bank forms part of OTP Group, one of the fastest growing financial services groups in Central and Eastern Europe

Swift completes second testing phase for its CBDC interlinking solution
26 March 2024 Brussels
Reporter: Bob Currie

This second testing phase has extended the project coverage to include a more complex set of use cases, employing Swift’s solution to support transactions across simulated digital transactions, tokenised assets and foreign exchange networks