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Bridges joins Clear Street
12 September 2022 UK
Reporter: Carmella Haswell

Colin Bridges, former director of prime brokerage sales at Cowen, has been appointed as managing director of prime services at Clear Street

Global securities lending revenue rises 10% YoY for August, says DataLend
06 September 2022 US
Reporter: Carmella Haswell

The global securities finance industry generated US$878 million in revenue for lenders in August 2022, representing a 6 per cent decrease from July 2022, according to DataLend

DTCC’s Project Ion live in parallel production environment
22 August 2022 US
Reporter: Bob Currie

The distributed-ledger technology (DLT) driven settlement service is now processing an average of more than 100,000 bilateral equity trades daily and more than 160,000 transactions on peak days in parallel production

Baton Systems adds OCC to its collateral management network
18 August 2022 UK
Reporter: SFT

By linking to the Chicago-based clearer for futures, options and securities lending trades, clearing members will be able to automate collateral management across 11 CCPs globally via the Baton Core-Collateral ecosystem

Xceptor hires Ridout to head sales for EMEA and APAC
17 August 2022 UK
Reporter: Carmella Haswell

John Ridout joins Xceptor’s London office where he will lead the sales team and the firm’s growth strategy for EMEA and APAC

Broadridge hires Turmaine
10 August 2022 UK
Reporter: SFT

Former J.P. Morgan head of securities and prime brokerage operations joins Broadridge from Accenture to build the firm’s post-trade and digital asset consultancy in EMEA

DTCC’s MTU connects to major triparty agents
03 August 2022 US
Reporter: Carmella Haswell

The Depository Trust & Clearing Corporation achieves new milestone as Margin Transit Utility connects with seven major triparty agents including Clearstream, SIX and J.P. Morgan

OSTTRA collaborates with LCH SwapAgent
02 August 2022 UK
Reporter: Carmella Haswell

The firms will join forces to reconcile bilateral over-the-counter trade data through OSTTRA’s portfolio reconciliation service, OSTTRA triResolve

DTCC, ICI and SIFMA publish T+1 Playbook
01 August 2022 US
Reporter: SFT

This guide is designed to assist market participants in preparing for the SEC’s proposed transition to next-day securities settlement which, subject to final regulatory approval, is targeted in the US for Q3 2024

Mirae Asset Securities hires Sackett to lead prime brokerage
20 July 2022 US
Reporter: Carmella Haswell

Robert Sackett has been appointed head of prime brokerage at Mirae Asset Securities, where he will promote the firm’s service capabilities, including US and global custody and clearing, global securities lending and repo

EquiLend to release Swaptimization TRS platform in EU
20 July 2022 EU
Reporter: Bob Currie

The company reports it is in the final stages of securing OTF approval from the Central Bank of Ireland prior to releasing an enhanced Swaptimization service to EU clients

FCA fines TJM for facilitating Solo Capital cum-ex trades
18 July 2022 UK
Reporter: Bob Currie

The UK financial regulator has fined The TJM Partnership slightly more than £2 million for control failures linked to cum-ex trading and money laundering