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LEIs offer major cost savings, says OFR
17 November 2017 Washington DC
Reporter: Drew Nicol

The OFR noted that early academic studies found that cost savings associated with adoption of the LEI approached $1 billion annually

ESMA’s final MMF report reveals parting on haircuts
17 November 2017 Paris
Reporter: Drew Nicol

Of the 18 respondents to ESMA’s study, five aligned themselves with ESMA in calling for standardisation of haircut rules for MMFs engaging in reverse repo trades, while six others emphasised the need for flexibility

One more year for Eurex and Clearstream chief
16 November 2017 Frankfurt
Reporter: Drew Nicol

Deutsche Boerse's Jeffery Tessler is responsible for clients, products and core markets for the two business segments

NEX imbues derivatives platform with KVA analytics
16 November 2017 London
Reporter: Drew Nicol

KVA calculations determine the lifetime costs of capital as part of the pricing of an OTC derivative and the service will helps firms understand the capital costs an OTC trade will consume over the portfolio’s lifetime.

Eurex introduces fresh fixed income hedging tools
16 November 2017 Frankfurt
Reporter: Drew Nicol

The Deutsche Boerse Group noted significant end-user demand for European-listed fixed income ETF options, with institutional investors in Europe ready to migrate from US-listed options once the options are listed

Citi names new head of global ETFs
15 November 2017 London
Reporter: Theo Andrew

Citi has appointed a former iShares global head of relationships as its new global head of exchange traded fund products

OneClearstream now live and trading
15 November 2017 Frankfurt
Reporter: Drew Nicol

Clearstream has launched OneClearstream, a new collateral management service aimed at automating collateral transfers across depositories

Credit Suisse bolsters US equities team
15 November 2017 New York
Reporter: Jenna Lomax

Based in New York, Gerry Milligan will start his role in January 2018 and will report to Anthony Abenante, managing director of global markets

AI can lead us to harmony, says Clearstream
14 November 2017 Luxembourg
Reporter: Jenna Lomax

Clearstream claims that new technological developments such as artificial intelligence and blockchain will support the market to overcome barriers to harmonisation

Pirum Systems bolsters securities finance team
14 November 2017 London
Reporter: Jenna Lomax

Peter Lane was previously part of the securities finance and collateral management team at Maple Securities

BME Clearing to offer clients direct access to repo
14 November 2017 Madrid
Reporter: Jenna Lomax

According to BME Clearing the two models, the agency model and the principal-to-principal model, will contribute to greater capital efficiency and market liquidity

MTS and UnaVista to collaborate for SFTR
13 November 2017 London
Reporter: Jenna Lomax

The collaboration means that firms trading on MTS’s new global collateral management segment will be able to use UnaVista’s trade repository to trade under SFTR