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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

Global securities lending revenue increases 24% YoY for July, says DataLend
03 August 2022 Global
Reporter: Carmella Haswell

The global securities finance industry generated US$939 million in revenue for lenders in July 2022, however, equities in the APAC region saw a decline in revenue of 15 per cent

CME Clearing accepts short-term UST ETFs as collateral
02 August 2022 US
Reporter: SFT

The Chicago-based clearing house will now accept short-term US treasury ETFs as initial margin as part of efforts to offer more flexible funding solutions and margin management to market participants

OCC cleared sec lending volume up 10% YoY
02 August 2022 US
Reporter: SFT

Cleared volume rises for SBL trades, but average daily loan value through OCC has contracted 2.95% YoY to US$119.64 billion for July 2022