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Tradeweb, Euroclear and IGM collaborate to build new solution for syndicated Eurobonds
12 April 2023 Belgium
Reporter: Jenna Lomax

The solution, expected to launch in Q3 of 2023, aims to improve the way investors access and manage critical pre-pricing data for newly-syndicated Eurobonds by providing security identification and set-up processes

Clear Street attracts US$270 Million in Series B funding
12 April 2023 US
Reporter: SFT

This is the second investment that Prysm Capital has made in Clear Street’s Series B funding, following on from a US$165 million commitment in May 2022, taking the value of the New York-based prime broker to close to US$2 billion

Adams leaves Delta Capita
05 April 2023 UK
Reporter: Carmella Haswell

Jonathan Adams departs from Delta Capita after seven years at the firm, where he was most recently head of securities finance and collateral management

Smith departs from BNY Mellon
05 April 2023 Asia Pacific
Reporter: Carmella Haswell

Tony Smith, former head of collateral management product for Asia Pacific, has departed from the firm after more than 15 years

OCC cleared securities lending volumes jump 11.2% YoY for March
04 April 2023 US
Reporter: Carmella Haswell

Securities lending volumes cleared on the Options Clearing Corporation platform increased 11.2 per cent year-on-year to 235,633 trades for March 2023

Trade associations respond to PRA Basel Consultation
04 April 2023 UK
Reporter: Bob Currie

Industry bodies including ISDA, AFME and ISLA have published responses to the Prudential Regulatory Authority consultation on Basel 3.1 standards, warning against the impact of “disproportionate capital costs” on financing, liquidity and hedging

RISCfp introduces managed treasury pool notes
04 April 2023 UK
Reporter: Frances Jones

Financial solutions provider RISCfp has introduced managed treasury pool notes to enable insurers to diversify or reduce their short-term investment risk as they pledge collateral

Komainu launches collateral management solution
04 April 2023 US
Reporter: Carmella Haswell

The new service comes as a response to an industry requirement to reduce counterparty risk by removing the need to store collateral with trading counterparties

Global securities lending revenue rises 27% YoY for Q1 2023, says DataLend
04 April 2023 US
Reporter: Carmella Haswell

The global securities finance industry generated US$2.76 billion in revenue for lenders in Q1 2023, a 27 per cent year-on-year increase, according to DataLend

PASLA appoints Wells as new executive committee chair
04 April 2023 Asia Pacific
Reporter: Carmella Haswell

Jason Wells, Asia Pacific head of agency trading at State Street Bank and Trust, will replace former chair Ben Burns, who recently resigned from his position following his departure from BlackRock

UBS executes first cross-border repo trade on Broadridge’s DLR platform
03 April 2023 UK
Reporter: Carmella Haswell

The intraday trade marks the launch of the next phase in the rollout of Broadridge’s Distributed Ledger Repo platform, which was first launched in June 2021

BoE working paper dissects gilts market crisis
03 April 2023 UK
Reporter: Bob Currie

The Bank of England staff working paper draws on transaction-level data from government bond, repo and IRS markets to evaluate movements in market liquidity, price trends and investor behaviour during the autumn 2022 gilts market upheaval