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Clear Street launches investment banking business
29 June 2023 US
Reporter: Carmella Haswell

The business aims to provide strategic advisory, transaction and capital solutions to emerging growth companies through a newly formed team including John D'Agostini, Nicholas Hemmerly, Ryan Gerety and Wes Heffernan

Singapore authorities report on interoperable digital asset networks
26 June 2023 Singapore
Reporter: Bob Currie

The Monetary Authority of Singapore (MAS) has been working in partnership with industry firms through its Project Guardian initiative to test the viability of asset tokenisation and decentralised finance in financial services

Euronext confirms sale of its stake in LCH SA
26 June 2023 EU
Reporter: Bob Currie

LCH Group has exercised its right to buy back Euronext’s holding in LCH SA following the early termination of the derivatives clearing arrangement between Euronext and the Paris-based clearing house

Funding market stresses drive demand for alternative financing solutions
23 June 2023 Lisbon
Reporter: Bob Currie

Funding markets are stressed and at times are operating close to their limits, say industry leaders at ISLA’s 30th Annual Securities Finance and Collateral Management conference in Lisbon

Settlement efficiency remains point of concern for sec lending industry, says BoE's Pyzer
22 June 2023 Lisbon
Reporter: Bob Currie

Settlement rates remain a point of concern for the securities lending industry, delegates heard at ISLA’s 30th Annual Conference in Lisbon

Consort1 collaborates with banks and infrastructure to extend access to sec lending and repo markets
14 June 2023 UK
Reporter: SFT

The Jersey-based financial technology company will work with Clearstream, NatWest, Standard Chartered Bank, Arlingclose, BankClarity and Alpha Group to support the trading of secured deposits and to extend access to wholesale SFT markets

R3 releases beta version of new gen Corda platform
14 June 2023 US
Reporter: Bob Currie

Through consultation with the Corda community, this evolution is driven by scalability, enhanced privacy and security, user friendly dev tools and the new generation platform’s ability to interconnect and interoperate with other DLT platforms

ION launches Fidessa Spotlight to improve global equities trading performance
13 June 2023 US
Reporter: Klea Neza

ION launches Fidessa Spotlight which aims to improve global equities trading performance

US repo volumes climb 7.8 per cent YoY, with EU repo slightly up, says BrokerTec
08 June 2023 US
Reporter: SFT

BrokerTec, the CME-owned fixed income and repo trading platform, has reported a year-on-year rise in US repo ADV to US$292.3 billion, with activity also up 4 per cent MoM on April numbers

FCA hits ED&F Man Capital with £17.2m fine for its role in facilitating cum-ex trades
06 June 2023 UK
Reporter: Bob Currie

This is the fourth penalty applied by the UK regulator and the largest that it has applied to date relating to div arb violations. MCM qualified for a 30% reduction under the Settlement Discount Scheme since it did not dispute the FCA's charges

Bank of England research highlights benefits of central clearing in gilts repo markets
05 June 2023 UK
Reporter: Bob Currie

Drawing on quantitative data from recent liquidity shocks, a BoE working paper evaluates how wider central clearing could extend dealers’ capacity to intermediate repo markets

Kamal departs from Wealthsimple to launch firm
05 June 2023 Canada
Reporter: Carmella Haswell

Farah Kamal has departed from her role as director of new investment products at Wealthsimple to launch a new product and consulting firm