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MarketAxess reports first returns from SFTR solution
29 October 2020 London
Reporter: Drew Nicol

Revenue from the SFTR service — which launched in partnership with EquiLend — is collated as part of MarketAxess’ information service and post-trade services earnings, totalling $13.4 million in Q3

Former eSecLending CEO joins Sharegain as first US hire
28 October 2020 New York
Reporter: Drew Nicol

Based in New York, Peters will act as the vanguard of Sharegain’s move into the US following what it describes as a “significant uptick in demand” from US financial institutions for its services this year

Jonathan Spirgel joins Hazeltree from BNY Mellon
28 October 2020 New York
Reporter: Becky Bellamy

Jonathan Spirgel has been hired as managing director and global head of cash and liquidity management at Hazeltree

BrokerTec launches dealer-to-client execution platform
28 October 2020 New York
Reporter: Drew Nicol

The platform, hosted by BrokerTec Americas, promises to enable clients to more-effectively manage positions and access liquidity, while automating their end-to-end repo execution workflow

IHS Markit and Tru Technologies tackle South Korean naked short selling
28 October 2020 Seoul
Reporter: Drew Nicol

Most if not all naked short selling incidents are due to human errors in the lending transaction process stemming from manually-intensive systems, such as online messengers, says Tru Technologies' CEO

DTCC hires former BBH head of custody product Bob Stewart
27 October 2020 Boston
Reporter: Becky Bellamy

Former BBH head of custody product Bob Stewart has joined DTCC as executive director of institutional trade processing

Northern Trust securities lending revenue hits five-year low
27 October 2020 Chicago
Reporter: Drew Nicol

Northern Trust’s experience mirrors its peers of seeing record-breaking high Q2 earnings turn into multi-year lows in the following quarter

FCA flexing its muscles with ARCM short selling penalty
26 October 2020 London
Reporter: Drew Nicol

The FCA’s reaction to ARCM’s short selling disclosure violations is being taken as a statement of intent by market participants that the regulator will pursue enforcement actions regardless of intent or external factors

EC agrees to new CSDR delay until 2022
23 October 2020 Brussels
Reporter: Drew Nicol

The settlement discipline regime, which was originally due to go into force in September, will now come into effect on 1 February 2022

Finastra and CloudMargin partner on new collateral management solution
23 October 2020 London
Reporter: Natalie Turner

The financial technology company and the collateral management platform have partnered to provide a solution aimed at helping financial institutions meet time-critical regulatory deadlines and reduce costs associated with managing collateral

Bequant enhances its prime services offering
23 October 2020 New York
Reporter: Maddie Saghir

The digital assets prime broker Bequant has enhanced its prime services to include a new suite of options available to institutional clients

PSSL Global CEO Radek Stech joins Bretton Woods committee
22 October 2020 London
Reporter: Natalie Turner

Radek Stech, the CEO of the Global Principles for Sustainable Securities Lending, has joined the Bretton Woods Committee alongside other representatives from the Bank of England, BlackRock, Harvard University and the World Economic Forum