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NGT records 2% trading volume increase YoY for July, says EquiLend
11 August 2022 US
Reporter: Carmella Haswell

EquiLend executed 2.3 million trades on its NGT trading platform during July 2022 against US$2.2 trillion, representing a 2 per cent YoY increase in trade volume

Proposed Form-PF changes may require retooling of reporting systems, says AIMA
11 August 2022 US
Reporter: SFT

This proposal, advanced jointly by the SEC and the CFTC, is designed to provide better oversight of hedge funds and their advisers, while boosting data quality and consistency

Opinion divided on benefits of clearing in UST securities and repo markets
10 August 2022 US
Reporter: SFT

An ISDA survey finds that industry opinion is divided regarding whether central clearing would improve the efficiency and resilience of cash Treasury securities and repo markets

Global securities finance revenues jump 40% YoY in July
10 August 2022 Global
Reporter: Carmella Haswell

July has become the highest revenue generating month of 2022, with global securities finance revenues totalling US$1.215 billion, according to S&P Global Market Intelligence

Broadridge hires Turmaine
10 August 2022 UK
Reporter: SFT

Former J.P. Morgan head of securities and prime brokerage operations joins Broadridge from Accenture to build the firm’s post-trade and digital asset consultancy in EMEA

Richard Gomm joins CloudMargin
09 August 2022 UK
Reporter: Carmella Haswell

Richard Gomm, former head of EMEA collateral management at VERMEG, has been appointed director of product management at CloudMargin

ISLA appoints Ashurst for GMSLA review
08 August 2022 UK
Reporter: Carmella Haswell

Ashurst will look at key provisional changes to title transfer and pledge frameworks of the Global Master Securities Lending Agreement that may require alterations to cater for digital assets

Bradford joins BNY Mellon
05 August 2022 UK
Reporter: Carmella Haswell

Paul Bradford, former European head of equities, securities lending and repo trading at ING, joins BNY Mellon as director of cross product trading solutions

BlackRock appoints Coinbase to enable cryptoasset services for Aladdin users
05 August 2022 US
Reporter: SFT

Through this relationship, BlackRock clients using the asset manager’s Aladdin platform will be able to employ agency trading services, custody, prime brokerage and reporting services through Coinbase’s prime brokerage platform

Clearstream and Pirum extend collaboration to boost collateral connectivity
04 August 2022 Luxembourg
Reporter: SFT

This extension of their service agreement will offer automation of calculation, matching, submission and validation of collateral requirements and allocations across securities lending, repo and OTC derivatives

Global PSSL welcomes SSE as observer
04 August 2022 UK
Reporter: Carmella Haswell

The Sustainable Stock Exchanges Initiative will have access to meetings and roundtables that shape the activities of the Global Principles for Sustainable Securities Lending group

DTCC’s MTU connects to major triparty agents
03 August 2022 US
Reporter: Carmella Haswell

The Depository Trust & Clearing Corporation achieves new milestone as Margin Transit Utility connects with seven major triparty agents including Clearstream, SIX and J.P. Morgan