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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

OSTTRA collaborates with LCH SwapAgent
02 August 2022 UK
Reporter: Carmella Haswell

The firms will join forces to reconcile bilateral over-the-counter trade data through OSTTRA’s portfolio reconciliation service, OSTTRA triResolve

Ben Burns to chair PASLA
02 August 2022 Asia Pacific
Reporter: Carmella Haswell

Burns will begin his new role with immediate effect as former PASLA chair Stuart Jones relinquishes his position

EXCLUSIVE: SmartStream expands collateral management team with Dominy
02 August 2022 UK
Reporter: Carmella Haswell

Nick Dominy will join SmartStream as business development director for the TLM Collateral Management solution

DTCC, ICI and SIFMA publish T+1 Playbook
01 August 2022 US
Reporter: SFT

This guide is designed to assist market participants in preparing for the SEC’s proposed transition to next-day securities settlement which, subject to final regulatory approval, is targeted in the US for Q3 2024