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FICC sponsored clearing passes US$750 billion in daily activity, says DTCC
14 June 2023 US
Reporter: SFT

The New York-based post-trade infrastructure provider flags up the release of its sponsored general collateral service in September 2021 as an important driver in fuelling this expansion, with Sponsored GC now passing US$100 billion in daily notional

Dinosaur Merchant Bank expands prime brokerage services
14 June 2023 UK
Reporter: Carmella Haswell

The London-based bank says its enhanced prime brokerage services are designed to meet the evolving needs of today’s dynamic financial landscape

Consort1 collaborates with banks and infrastructure to extend access to sec lending and repo markets
14 June 2023 UK
Reporter: SFT

The Jersey-based financial technology company will work with Clearstream, NatWest, Standard Chartered Bank, Arlingclose, BankClarity and Alpha Group to support the trading of secured deposits and to extend access to wholesale SFT markets

R3 releases beta version of new gen Corda platform
14 June 2023 US
Reporter: Bob Currie

Through consultation with the Corda community, this evolution is driven by scalability, enhanced privacy and security, user friendly dev tools and the new generation platform’s ability to interconnect and interoperate with other DLT platforms

Cboe Clear Europe to introduce clearing service for SFTs
14 June 2023 Amsterdam
Reporter: Carmella Haswell

Participant agent lenders BNY Mellon and Citi, in addition to participant borrowers ABN AMRO Clearing Bank and J.P Morgan, will support the launch of the new service

Bursa Malaysia expands Approved Securities criteria to boost market vibrancy
13 June 2023 Malaysia
Reporter: Carmella Haswell

Approved Securities are securities that have met the criteria prescribed by the exchange and may be utilised for purposes of securities borrowing and lending, as well as short selling

ION launches Fidessa Spotlight to improve global equities trading performance
13 June 2023 US
Reporter: Klea Neza

ION launches Fidessa Spotlight which aims to improve global equities trading performance

Credit risk RWAs could prove challenging under Basel III rules, says ISLA
13 June 2023 UK
Reporter: Carmella Haswell

The International Securities Lending Association has published an overview of the Basel III framework, its impact on the securities finance market and how to address upcoming challenges

Nasdaq enters agreement to acquire Adenza
12 June 2023 US
Reporter: Klea Neza

Through its US$10.5 billion acquisition of Adenza, Nasdaq aims to enhance its offerings across regulatory technology, compliance and risk management solutions

Jacomb departs from BNP Paribas
09 June 2023 UK
Reporter: Carmella Haswell

Oliver Jacomb has departed from his position as head of prime brokerage sales, EMEA at BNP Paribas

Clearstream GSF volumes outstanding jump 12% YoY for May
08 June 2023 Luxembourg
Reporter: Carmella Haswell

Clearstream’s global securities financing business recorded a 12 per cent YoY increase in volumes outstanding to €664.5 billion for May, according to recent monthly figures

OSTTRA releases cross-currency swap conversion service ahead of Libor cessation
08 June 2023 UK
Reporter: SFT

The post-trade specialist indicates that the conversion service is delivered via its triReduce and triBalance products, with OSTTRA MarkitWire providing connectivity to CCPs for the overlay swaps.