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Global securities lending revenue up 34% YoY for February, says DataLend
03 March 2023 US
Reporter: Carmella Haswell

The global securities finance industry generated US$850 million in revenue for lenders in February 2023, a 34 per cent increase year-over-year, according to DataLend

BoE instructs LME Clear to strengthen governance and risk management
03 March 2023 UK
Reporter: Bob Currie

Following an independent review commissioned by the Bank of England, LME Clear has been told to improve its governance, to raise levels of managerial independence at the CCP, and to strengthen its risk management framework

Securities lending volumes cleared through OCC fall 1.2% for Feb
03 March 2023 US
Reporter: SFT

OCC cleared sec lending volumes fall to 173,888 trades YoY for February, with average daily loan value down 12.3 per cent YoY

Digital Asset confirmed as DLT provider for EquiLend 1Source
02 March 2023 US
Reporter: SFT

1Source applies Digital Asset’s Daml smart contract language and Canton ledger to enable counterparties to draw on a single blockchain-based transaction record, thereby minimising reconciliation breaks

OCC promotes Cohen to general counsel
02 March 2023 US
Reporter: Carmella Haswell

Megan Cohen takes on the role of general counsel and corporate secretary, with chief legal officer Janet Angstadt announcing her retirement

GCEX appoints Cheung to lead APAC sales
02 March 2023 Hong Kong
Reporter: SFT

Cheung’s initial focus will be to drive digital prime brokerage sales in Taiwan, Thailand, Singapore and Malaysia, as the first part of a broader growth strategy for the APAC region

EXCLUSIVE: Sackett appointed head of prime financing
01 March 2023 US
Reporter: Carmella Haswell

Robert Sackett takes on the new role as securities finance veteran Vincent Avena retires after more than 40 years in the industry

LSEG and Shenzhen Stock Exchange sign MoU
01 March 2023 UK
Reporter: Carmella Haswell

The Memorandum of Understanding aims to support the growth of capital markets in London and Shenzhen, with both exchanges eager to enhance collaboration in areas such as market development and product innovation

Mick Chadwick joins London Reporting House
01 March 2023 UK
Reporter: Carmella Haswell

Ex-Aviva and UBS sec finance veteran strengthens London Reporting House team as head of sales and business development

State Street appoints new heads Grossman and Jones
01 March 2023 US
Reporter: Carmella Haswell

Chelsea Grossman has been promoted to head of client management for agency lending, North America, while Cassandra Jones steps up to head of client management for securities finance, EMEA

Vantage Capital Markets appoints Bingre
28 February 2023 UK
Reporter: Carmella Haswell

Jim Bingre, former BNP Paribas CIB sales trader assistant, has joined the investment bank and financial broker as senior bond repo broker

MTS and Wematch partner to digitise workflow for IRS voice trading
28 February 2023 France
Reporter: SFT

This solution, MTS Swaps by Wematch.live, aims to digitise voice trading in rates swaps, combining benefits of voice and electronic platforms through offering additional voice negotiation supported by digital workflow