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Eris Innovations closes US$7.2 million investment round
09 March 2023 US
Reporter: SFT

The news follows an announcement on 27 February that Eris SOFR swap futures will be eligible for portfolio margining with IRS cleared through CME Group, offering significant potential reduction in hedging costs

OSTTRA contributes to ETD data standard initiative
09 March 2023 UK
Reporter: Lucy Carter

The project aims to improve data quality and operational efficiency and reduce systemic risk through the minimisation of breaks on trade date

Kaizen Reporting buys majority stake in London Reporting House
08 March 2023 UK
Reporter: Bob Currie

With the equity purchase, London Reporting House’s repo market tools and analytics will be available through Kaizen’s web-based regulatory information and compliance platform known as Kaizen Hub

Potluri moves to FinOptSys
07 March 2023 United States
Reporter: Carmella Haswell

Venkat Potluri, former senior technology lead at Wells Fargo, joins the platform as director of product development to bolster FinOptSys’ securities finance offering

SEC’s Gensler spotlights asset protection risks with crypto custodians
06 March 2023 US
Reporter: Bob Currie

Just because a crypto trading platform claims to be a qualified custodian doesn’t mean that it is, SEC chair observes in statement to Investor Advisory Committee

Global securities lending revenue up 34% YoY for February, says DataLend
03 March 2023 US
Reporter: Carmella Haswell

The global securities finance industry generated US$850 million in revenue for lenders in February 2023, a 34 per cent increase year-over-year, according to DataLend

EXCLUSIVE: Pirum welcomes Cornock
28 February 2023 UK
Reporter: Carmella Haswell

Stuart Cornock, former S&P Global director of market intelligence, joins Pirum as EMEA origination director within the firm’s sales team

Broadridge hires Bunouf to lead capital markets solutions sales
27 February 2023 Europe
Reporter: Carmella Haswell

Guillaume Bunouf has become senior sales director of Broadridge’s capital markets solutions to aid the firm in identifying new opportunities in France, Belgium, Luxembourg and areas of Switzerland

HSBC hires Bunn to run securities finance for Americas
23 February 2023 US
Reporter: Carmella Haswell

Greg Bunn, former global head of counterparty strategy and central funding at Citadel, joins HSBC as the bank continues to expand its prime finance business

Deutsche Bank trials digital fund investment servicing platform with Memento
21 February 2023 Germany, Singaore
Reporter: Bob Currie

Proof of concept aims to offer a “one-stop” digital fund investment servicing solution, targeted at asset managers and their service intermediaries, that will streamline the process of issuing and servicing digital funds

Sharegain goes live with lending-as-a-service solution in US
16 February 2023 US
Reporter: Bob Currie

FINRA approval provides green light for release of Sharegain’s Securities Lending as a Service product in the US, building on existing coverage in Europe, APAC and Middle East

Venture capital firm IMC Investments invests in Clear Street
15 February 2023 US
Reporter: SFT

The investment, for an undisclosed sum, provides additional backing to efforts of the New York-based international prime broker to build a modern capital market infrastructure that does not rely on legacy technology