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Cash collateral opened to central banks
08 December 2016 Frankfurt
Reporter: Drew Nicol

Eurosystem central banks will now be able to accept cash collateral in their public sector purchase programme’s securities lending facilities, without having to reinvest it in a ‘cash-neutral manner’...

ECB to extend APP to December 2017
08 December 2016 Frankfurt
Reporter: Drew Nicol

The European Central Bank will continue with a reduced version of it asset purchase programme until December 2017, after the original March 2017 cut-off...

PDQ secures Cestaro and Lazar for senior roles
08 December 2016 Chicago
Reporter: Drew Nicol

Former Quadriserv CEO and chair Pasquale Cestaro has been snapped up by PDQ to lead sales and business development for its CODA market platform...

FIS’s Traquair retires
08 December 2016 Toronto
Reporter: Drew Nicol

FIS’s Brian Traquair has retired after 15 years at the company. He most recently served as group executive vice president of capital markets, based in Toronto...

ING launch synthetics PB platform for buy side
08 December 2016 New York
Reporter: Drew Nicol

ING Capital Markets has launched a synthetic prime brokerage platform to address hedge funds’ demand for cross-asset portfolio swap products...

Lombard’s Colline heads to Germany in 2017
08 December 2016 London
Reporter: Drew Nicol

Lombard Risk’s flagship cloud-based collateral management solution Colline will be introduced to the German market in early 2017...

Cowen goes-live with PB platform
07 December 2016 London
Reporter: Drew Nicol

Cowen Group has onboarded the first customers to its newly-launched international prime brokerage business following an extensive acquisition and hiring campaign...

India to maintain repo/reverse repo rates
07 December 2016 New Delhi
Reporter: Drew Nicol

The Reserve Bank of India is keeping its policy repo rate at 6.25 percent after a unanimous vote of the monetary policy committee on 7 December...

US broker fined for pre-IPO swaps negligence
07 December 2016 Washington DC
Reporter: Drew Nicol

The US Securities and Exchange Commission has fined an online broker for failing to register security-based swaps that were sold to shareholders in pre-initial public offering companies...

ICAP reports strong November EU repo
06 December 2016 London
Reporter: Drew Nicol

ICAP Electronic Market recorded a 15 percent year-over-year increase in European repo transactions in November...

Asian exchanges bolster lendable securities lists
06 December 2016 Shanghai
Reporter: Drew Nicol

The Shanghai Stock Exchange, in concert with the Shenzhen Stock Exchange, has significantly increased the number of underlying stocks available for securities lending, while also loosening the reins on margin trading rules...

Shorters round on retailers despite Trump bump-up
05 December 2016 London
Reporter: Drew Nicol

US retailer Restoration Hardware has attracted more than double the short interest than any other firm in North America in the week ahead of earnings, according to an IHS Markit research note...