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Tradeweb reports November increase in repo trading activity
07 December 2021 US
Reporter: Carmella Haswell

The total trading volume for November 2021 was US$24.2 trillion across electronic marketplaces for rates, credit, equities and money markets, Tradeweb reports

Gino Timperio expands State Street role as Martin Tell retires
06 December 2021 US
Reporter: Carmella Haswell

Timperio will assume leadership of State Street’s securities finance division as global head of securities finance, Tell, plans to retire after 35 years in the financial services industry

Clear Street appoints Joseph DiMartino
06 December 2021 US
Reporter: Carmella Haswell

DiMartino, former head of repo at MUFG, joins Clear Street as managing director, where he will oversee repo trading

Broadridge hires Steve Baker
06 December 2021 US
Reporter: Carmella Haswell

Baker will take on the role of head of repo, securities finance and collateral management for Broadridge’s New York office

OCC securities lending loan values up 60% for November
03 December 2021 US
Reporter: SFT

OCC’s securities lending average daily loan value rises to US$138.4 billion for November, with total cleared contract volume hitting record levels for the clearing house

Mark Snowdon joins Standard Chartered
03 December 2021 Hong Kong
Reporter: Bob Currie

Snowdon moves into newly-created role in Hong Kong as head of insurance relationship management, financing and securities services for Asia, reporting to Simon Kellaway

ISLA and PASLA enter into new legal services agreement
02 December 2021 Global
Reporter: Bob Currie

Running from January 2022, the new agreement will encourage further standardisation and digitisation of securities lending documentation, providing mutual access for members to GMSLA annexes and related docs on the association websites

Global securities lending revenue up 29% YoY for November
01 December 2021 US
Reporter: Carmella Haswell

The global securities finance industry generated US$787 million in revenue for lenders in November 2021, according to DataLend

T+1 settlement for US securities by H1 2024, says report
01 December 2021 US
Reporter: Bob Currie

DTCC, ICI and SIFMA outline path to implement next-day settlement for US securities by H1 2024, but a move to T+0 is not feasible in the short term

EXCLUSIVE: Matthew Harrison returns to Trading Apps as CEO
01 December 2021 UK
Reporter: Carmella Haswell

After three years at BNY Mellon as managing director of securities lending, following BNY’s purchase of Trading Apps’ software, Harrison makes his return to the company he founded back in 2011

Broadway Technology expands leadership team with senior hires
01 December 2021 US
Reporter: Carmella Haswell

Eitan Reich is appointed chief technology officer at Broadway Technology’s New York office, with Dario Gatta assigned as chief information officer for its London branch

CPMI IOSCO consult on client clearing and portability
30 November 2021 Global
Reporter: SFT

Consultative report focuses on new CCP access models and portability of client positions in case of a clearing member default