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SEC charges US-broker TradeZero with misleading customers over meme stock trading
25 May 2022 US
Reporter: Bob Currie

The US securities market regulator alleges that TradeZero and its co-founder Daniel Pipitone misled customers by stating that they did not restrict customer purchases of meme stocks

Linklaters and ISLA sign MOU to automate sec lending documentation
25 May 2022 UK
Reporter: Carmella Haswell

The memorandum of understanding will allow the automation of securities lending documents on the CreateiQ contract automation platform

SFTS: Securities lending, TRS and repo are still in the Dark Ages
25 May 2022 United Kingdom
Reporter: Jenna Lomax

“Securities lending, total return swaps and repo is still in the Dark Ages,” said panellist Shane Martin of Wematch.live, when commenting on manual processes in trading at this years’ Securities Finance Technology Symposium

Clear Street closes $165m Series B funding round
24 May 2022 US
Reporter: Carmella Haswell

The funding round marks Clear Street's first venture capital raise since inception and brings its valuation to US$1.7 billion

Broadridge launches ESG reporting service
24 May 2022 Europe
Reporter: Carmella Haswell

The service will assist asset managers of European funds in preparing for compliance requirements and disclosure obligations of SFDR

APG appoints Eurex for repo clearing
24 May 2022 Germany
Reporter: Bob Currie

Eurex will connect Dutch pension fund asset manager APG, with approximately €600 billion AUM, to its ISA Direct repo clearing service from mid-June. It plans to release its ISA Direct Indemnified model in July

SFTS: Securities finance ‘behind the technology curve’
23 May 2022 UK
Reporter: Carmella Haswell

The “FutureTech” session of the Securities Finance Technology Symposium revealed an industry need for further transformation and innovation

Zodia Custody links to Fireblocks network
23 May 2022 UK, US
Reporter: SFT

Zodia Custody, a Standard Chartered Bank subsidiary, has extended access for its institutional customers to the Fireblocks Network, providing linkage to more than 1000 liquidity providers, lending desks, trading venues and counterparties

LedgerEdge integrates with thinkFolio platform
23 May 2022 US
Reporter: Carmella Haswell

The integration aims to increase access to corporate bond liquidity through utilising LedgerEdge’s DLT-based platform

Christian Schuetze to leave Societe Generale
19 May 2022 Germany
Reporter: Carmella Haswell

Schuetze is set to depart from the French bank after eight years as head of cross-asset secured financing sales for Germany and Austria to pursue other opportunities

Gresham Technologies appoints McGowen as senior sales executive
19 May 2022 US
Reporter: Carmella Haswell

Robert McGowen will join the firm’s New York office where he will aid firms in addressing regulatory compliance challenges involving FINRA’s Consolidated Audit Trail and Dodd-Frank reforms

Saxo Bank implements Adenza ControllerView to automate regulatory reporting
19 May 2022 UK
Reporter: Carmella Haswell

Adenza will support the Saxo Bank’s multijurisdictional capital and liquidity reporting requirements throughout Denmark, Switzerland and the UK, with plans to expand into the Netherlands