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TMX collaborates with Clearstream to release new Canadian collateral management service
24 May 2023 Canada
Reporter: Bob Currie

The CCMS collateral solution is targeted for Q3 2023 and will deliver improved automation, optimisation and collateral mobilisation, while bringing domestic triparty repo to the Canadian market for the first time

Broadridge announces new trades on intraday repo platform
23 May 2023 US
Reporter: SFT

DRW and Societe Generale become latest banks to trade on Broadridge’s Distributed Ledger Repo platform, following first cross-border trades executed in April

Taskize and Symphony integrate to enhance post-trade solution
23 May 2023 UK
Reporter: Carmella Haswell

The integration aims to allow users of the two firms to collaborate in real time without reverting to “slow traditional methods” such as phone or email

CDS welcomes Kinart to its post-trade team
23 May 2023 Canada
Reporter: SFT

Securities finance and post-trade specialist Craig Kinart steps into the post-trade team at the Canadian Depository for Securities as senior manager for strategy and innovation

Bloomberg, MarketAxess and Tradeweb sign consolidated tape joint venture agreement
23 May 2023 UK
Reporter: Carmella Haswell

The joint venture will see the firms participate in the public procurement procedure to become a fixed income consolidated tape provider in the European Union

LIBOR to SOFR conversion done, says LCH SwapClear
22 May 2023 UK
Reporter: SFT

The LSEG-owned swap clearing house migrated contracts from LIBOR to SOFR in two tranches completed on 22 April and 20 May, representing a total US$43 trillion in aggregate notional

Archegos and gilts crisis motivates tighter FCA scrutiny of non-bank financial intermediaries
22 May 2023 UK
Reporter: Bob Currie

Prompt action is necessary to enhance reporting from NBFIs and to establish better data for monitoring leverage and risk concentrations, according to the UK financial regulator

S&P Global Market Intelligence updates performance measurement tools
22 May 2023 UK
Reporter: Carmella Haswell

The new adjustments aim to provide a more accurate representation of how lending programmes are performing against their peers

Udeshi leaves Goldman Sachs
19 May 2023 US
Reporter: Carmella Haswell

Nehal Udeshi has departed from her position at Goldman Sachs after 17 years with the firm

NYIC and MAS publish cross-border payments study findings
19 May 2023 US
Reporter: Lucy Carter

The project investigated the efficiency of distributed ledger technology (DLT) in multi-currency cross-border wholesale payments and settlements

Northern Trust welcomes Jackson to EMEA trading team
18 May 2023 UK
Reporter: Carmella Haswell

Joe Jackson joins the firm from BNY Mellon as a securities finance trader on Northern Trust’s agency lending desk

SEC proposes rule changes for US clearing houses
18 May 2023 US
Reporter: Bob Currie

The US Securities and Exchange Commission has targeted rule amendments that aim to strengthen resilience, recovery and wind-down procedures for clearing agencies