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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

Crumpler appointed Credit Benchmark CEO
18 July 2023 US
Reporter: Lucy Carter

Michael Crumpler replaces Donal Smith, current CEO and co-founder, who will retain his position as executive chairman

Mike Sleightholme named Broadridge International president
17 July 2023 UK
Reporter: Lucy Carter

Broadridge Financial Solutions has appointed Mike Sleightholme as president of Broadridge International

DSB updates UPI UAT environment
17 July 2023 UK
Reporter: Lucy Carter

Over-the-counter derivatives reference data provider the Derivatives Service Bureau has expanded its universal payments interface user acceptance testing environment

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

Clear Street enters futures clearing market with React acquisition
13 July 2023 US
Reporter: Jamie Richards

The New York-based prime broker has acquired React Consulting Services and its cloud-based futures clearing platform BASIS

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