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ISS and Strate partner on proxy voting solution
06 November 2023 South Africa
Reporter: Lucy Carter

Through the collaboration, global and custodian banks using ISS’ GPD outsourced voting solutions will be able to use Strate’s central platform for the direct vote processing of South African issuers’ shareholder meetings

Philippines permits short selling on PSE Index stocks and selected midcaps
06 November 2023 Philippines
Reporter: Bob Currie

Short selling is now permitted in the Philippines, with 52 PSE-listed stocks and one exchange-traded fund available for short sale

Repo ADV rises 41.2% YoY for October, reports Tradeweb
03 November 2023 US
Reporter: Carmella Haswell

Further client adoption of Tradeweb’s electronic trading solutions has driven expansion in global repo activity on the platform, which generated US$527.2 billion for October

LCH welcomes UOB as a new member
03 November 2023 UK
Reporter: Carmella Haswell

The move marks United Overseas Bank as the first bank in Southeast Asia to join as a direct member of ForexClear — LCH’s solution for non-deliverable and deliverable foreign exchange

ICMA ERCC reveals update to European repo guide
03 November 2023 Europe
Reporter: Carmella Haswell

Created by ICMA’s European Repo and Collateral Council, the guide is designed to help avoid uncertainty and disagreements among market participants, helping to foster a more efficient and orderly repo market in Europe

Eurex Repo average daily volume climbs 78% YoY for October
03 November 2023 Germany
Reporter: SFT

Trading volumes on Eurex Repo have climbed to € 460.5 billion for October, also representing a significant month-on-month increase from the €385.1 billion average daily term-adjusted volume reported for September

OCC average daily loan value grows 27.7% YoY for October
02 November 2023 US
Reporter: Carmella Haswell

The Options Clearing Corporation has also reported a 19.8 per cent YoY increase in total securities lending transactions cleared on the platform for the month of October

RBC Investor Services to expand securities lending programme
02 November 2023 Canada
Reporter: Carmella Haswell

This move will extend its service coverage to support the lending of client assets held in Malaysia, the Canadian bank’s 34th market

Global securities finance revenue drops 4% YoY for October, reports DataLend
02 November 2023 US
Reporter: Carmella Haswell

Securities lending revenues have contracted globally from US$780 million in October 2022 to US$751 million in October 2023, according to DataLend, driven by mixed performance across asset classes and regions

Duco launches EMIR assurance solution
02 November 2023 UK
Reporter: Lucy Carter

Duco has launched pre-configured processes within its EMIR assurance solution, providing core data controls between trade capture, trade reporting store and trade repository in line with EMIR ISO XML formatting

Nasdaq completes acquisition of Adenza
01 November 2023 US
Reporter: Carmella Haswell

In conjunction with the completed transaction, Nasdaq has appointed Holden Sphat, managing partner at Thoma Bravo, to serve as a member of Nasdaq’s board of directors

GLMX and LCH SA to provide access to sponsored clearing for European repo
01 November 2023 Europe
Reporter: Carmella Haswell

The two firms have now completed the integration to support classic and sponsored clearing for the benefit of mutual clients