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OCC sees YoY new loan uptick for November
03 December 2020 US
Reporter: Natalie Turner

Options Clearing Corporation records its highest November ever for total cleared contracts, and second-highest month on record and its securities lending CCP activity on the rise from last year

LSEG opens new pan-European share trading platform in light of Brexit
02 December 2020 The Netherlands
Reporter: Maddie Saghir

The London Stock Exchange Group has launched its new pan-European share trading platform Turquoise in Amsterdam as part of its Brexit contingency plans

Deutsche Boerse gains majority stake in Quantitative Brokers
02 December 2020 Germany
Reporter: Drew Nicol

Quantitative Brokers is a fintech specialising in advanced execution algorithms and data-driven analytics for global futures, options and interest rate markets

South Street Securities expands securities lending team
02 December 2020 US
Reporter: Natalie Turner

South Street Securities, the specialist securities finance firm, has appointed industry veterans Frank Giusti and Doug Wilkinson

BNY Mellon SA/NV opens new branch in Denmark
02 December 2020 Denmark
Reporter: Maddie Saghir

Søren Eberhard established the Copenhagen representative office in 2008 and will become the branch manager

IHS Markit valued at $44bn in merger with S&P Global
01 December 2020 US
Reporter: Drew Nicol

Peterson, president and CEO of S&P Global, will serve as CEO of the combined company, while Lance Uggla, chairman and CEO of IHS Markit, will stay on as a special advisor to the company for one year

HSBC solves TTF securities lending tax handicap with “market first” look through model
01 December 2020 UK
Reporter: Drew Nicol & Natalie Turner

The model allows tax transparent funds to scrap the blended withholding tax rate system that has made their assets less attractive to borrow for nearly a decade, and thereby promises to boost lender revenue and market liquidity

Exactpro unveils new test automation toolkit
01 December 2020 UK
Reporter: Maddie Saghir

Exactpro has launched a new test automation toolkit for functional and non-functional testing of complex financial systems.

Deutsche Boerse completes Regulatory Reporting Hub sale to MarketAxess
01 December 2020 Germany
Reporter: Drew Nicol

The German exchange group will transition the hub’s clients to MarketAxess over the coming months and is committed to providing technical services until the migration is complete

Can securities lending programmes be too bespoke?
01 December 2020 US
Reporter: Natalie Turner

Speakers on the IMN’s North American securities lending webinar discussed the potential impact of bespoke securities lending programmes and if this is the “new travel of direction” for the market

COVID-19 inspires derivatives post trade renovations, survey shows
30 November 2020 UK
Reporter: Drew Nicol

COVID-19 chaos in H1 exposed weaknesses in some firms’ post-trade derivatives processing infrastructures and firms are now allocating major financial resources to reinforce their operations, according to a Acuiti survey sponsored by Broadridge

EC gives green light to Euroclear UK & Ireland for temporary equivalence extension
30 November 2020 Ireland
Reporter: Maddie Saghir

The European Commission has granted Euroclear UK & Ireland the ability to continue to offer issuer central security depository services after the Brexit transition period ends on 31 December