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Adoption of the CTM workflow is a critical enabler to achieving T+1 settlement, says DTCC
12 October 2021 US
Reporter: Jenna Lomax

The Depository Trust & Clearing Corporation’s central trade manager service for US domestic trade matching has grown to more than 1,800 firms, with organisations further consolidating global post-trade flows on a single platform

FSB targets measures to improve MMF resilience
12 October Switzerland
Reporter: Bob Currie

Report forms a key element of FSB workstream on non-bank financial intermediation, providing policy toolkit for tackling vulnerabilities in money market funds as part of a programme running until at least 2026

LCH RepoClear has record third quarter
11 October 2021 UK
Reporter: Bob Currie

LCH reports growing clearing interest from new and existing customers, while supporting the market with the latest phase of uncleared margin rules and cessation of LIBOR

G20 Data Gaps Initiative publishes latest progress report
08 October 2021
Reporter: Bob Currie

FSB and IMF pinpoint securities financing transactions as one of four areas where steps to implement G20 DGI recommendations unlikely to hit targets for 2021

ECSDA updates its CSDR settlement penalties framework
07 October 2021 EU
Reporter: SFT

The revised framework aims to improve the safety and efficiency of securities settlement in the EU, highlighting changes from the previous document along with matters awaiting consideration from ESMA or the Commission

Deutsche Börse releases digital post-trade platform
06 October 2021 Germany
Reporter: Bob Currie

D7 platform targets end-to-end digital securities processing, with over 80% of German ISINs expected to be digitisable via the platform by mid-2022

Broadway Technology expands global business development team
06 October 2021 UK
Reporter: Carmella Haswell

Carlota Parages-Torres and Jim Bruen are appointed directors of business development for Broadway Technology’s London and New York offices

Tradeweb reports September rise in repo trading activity
06 October 2021 US
Reporter: Carmella Haswell

The total trading volume for September 2021 was US$21.7 trillion across electronic marketplaces for rates, credit, equities and money markets, Tradeweb reports

Global PSSL issues two progress reports and announces review of workstreams
05 October 2021 US
Reporter: Carmella Haswell

Focusing on emerging markets and collateral within the securities lending sector, the firm seeks to implement high-level principles and make an impact within the industry

DTCC argues for extension of central clearing in US treasury markets
05 October 2021 US
Reporter: Bob Currie

FICC, the DTCC subsidiary, argues that central clearing provides widespread benefits to the US Treasury market, including lower credit risk and settlement risk, improved liquidity and market access, and a more orderly system for liquidating positions

Prime veterans depart BNP Paribas
05 October 2021 US
Reporter: Jenna Lomax

SFT understands that Tommy Guagliardo, global head of prime finance sales trading and Bob Luzzo, head of prime brokerage sales, Americas have left BNP Paribas’ Chicago office after both serving more than twenty years with the bank

SteelEye appoints president to its new US arm
05 October 2021 US
Reporter: Jenna Lomax

Based in New York, Lynch will be responsible for SteelEye’s US footprint, leading the firm’s commercial expansion in the North American market