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Greater automation could slash trade processing costs by a quarter, says DTCC
19 November 2020 US
Reporter: Natalie Turner

A new survey of global broker-dealers analyses costs across cash securities operations and finds opportunities for for cost reductions of up to 25 percent across the post-trade lifecycle

J.P. Morgan enhances US/EU securities lending and collateral teams
18 November 2020 Luxembourg
Reporter: Drew Nicol

Karima Taouche, Zoe Balkwell are joining the securities lending teams in Luxembourg and London, respectively, while Michael Calandra bolsters the bank's collateral services business in New York

EACH raises concerns over EU CCP consultation
18 November 2020 Brussels
Reporter: Maddie Saghir

The association has flagged a host of concerns that ESMA's proposed rules changes for CCPs under EMIR are overly complex, problematic and risks distorting the level playing in the market

J.P. Morgan to open Tokyo agency lending desk
18 November 2020 Japan
Reporter: Drew Nicol

Former-Natixis executive director Kasumi Shibano will lead the new desk that the bank says will position it as the only international lender with an onshore presence in Japan

AcadiaSoft-TriOptima UMR phase five soft-launch draws a crowd
18 November 2020 US
Reporter: Natalie Turner

The initial margin phase five soft launch helps remaining in-scope firms prepare to comply with the Uncleared Margin Rules ahead of September 2021 deadline

Societe Generale and J.P. Morgan go live on WeMatch US platform
18 November 2020 US
Reporter: Natalie Turner

WeMatch launched its US total return swap solution in October with several tier-one dealers and expects 14 additional users to onboard in the coming months

Palmeri and Losurdo to lead securities finance for Muriel Siebert & Co
17 November 2020 US
Reporter: Natalie Turner

Siebert has hired Anthony Palmeri from JPMorgan Chase and Jerry Losurdo from TD Prime Services to lead the securities finance group of Muriel, its retail broker-dealer subsidiary

SIX welcomes Stuart Kidd for post trade sales
17 November 2020 UK
Reporter: Drew Nicol

As a senior sales manager, Kidd will focus on SIX's post trade services, including clearing, settlement and custody

DMA selects SteelEye for MiFIR reporting
17 November 2020 South Africa
Reporter: Natalie Turner

DMA says it selected SteelEye because of the end-to-end visibility and high degree of process automation provided by its MiFIR reporting service

Christian Bullaro joins Clearwater Analytics
17 November 2020 US
Reporter: Drew Nicol

Bullaro has moved from Finastra to Clearwater with a mandate to spearhead its push into the pensions space by building and launching a new team

US SEC chair Jay Clayton to step down
16 November 2020 US
Reporter: Natalie Turner

After serving more than three-and-a-half-years, chair Jay Clayton will leave the SEC as one of its longest-serving chairs

CloudMargin appoints first head of information security
16 November 2020 UK
Reporter: Drew Nicol

CloudMargin's COO says that as the platform attracts more major market participants that require the "highest global standards of excellence" it is seeking to "devote additional expertise to further maturing our risk management programme and informat