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Salvation Army sues BNY Mellon
04 April 2011 New York
Reporter: Ben Wilkie

The Southern Division of the Salvation Army in the US has started legal proceedings against BNY Mellon following losses incurred as a result of its securities lending programme...

OCC increases volumes in March
04 April 2011 Chicago
Reporter: Ben Wilkie

Total volume at OCC reached 421,466,054 contracts in March, representing a 19 per cent increase over the March 2010 volume of 353,294,816 contracts.

CalPERS appoints acting chief financial officer
01 April 2011 Sacramento
Reporter: Ben Wilkie

The California Public Employees’ Retirement System (CalPERS) has appointed Russell Fong as its acting chief financial officer (CFO), effective April 4...

Indonesia sees 40 per cent growth in SBL
30 March 2011 Jakarta
Reporter: Ben Wilkie

Securities lending and borrowing transactions have increased by over 40 per cent since the start of the year compared to the same period in 2010...

Reporting on Indian securities lent by FIIs discontinued
30 March 2011 Mumbai
Reporter: Ben Wilkie

The Securities and Exchange Board of India (SEBI) has announced that the reporting on Indian securities lent by FIIs to entities abroad will cease from today...

Securities finance platform BondLend expands into Canada
29 March 2011 Toronto
Reporter: Justin Lawson

BondLend, the fixed income securities finance platform has expanded into the Canadian market. Several clients including, CIBC Mellon, Northern Trust and State Street have incorporated the efficiencies of the platform into their daily businesses by...

Wells Fargo Links To DTCC
29 March 2011 New York
Reporter: Steven Lafferrty

The Depository Trust & Clearing Corporation (DTCC) today announced that Wells Fargo Bank (NYSE: WFC) has linked to its Loan/SERV Reconciliation Service to help....

Oklahoma Teachers renews J.P. Morgan mandate
25 March 2011 Oklahoma
Reporter: Ben Wilkie

Oklahoma Teachers Retirement System has renewed its mandate with J.P. Morgan for a further five years...

Registrations open for ICMA/ISLA workshops
24 March 2011 London
Reporter: Ben Wilkie

The International Capital Market Association (ICMA) and the International Securities Lending Association (ISLA) will be holding a workshop on the Global Master Repurchase Agreement (GMRA) and the Global Master Securities Lending Agreement (GMSLA)...

PrinceRidge Group selects ReadQ Systems
23 March 2011 New York
Reporter: Justin Lawson

ReadQ Systems, Inc. recently announced that New York broker-dealer The PrinceRidge Group, LLC has selected their QTIX trading system for its start-up financing desk.

BTIG still growing
23 March 2011 London
Reporter: Steven Lafferty

BTIG Ltd has expanded its London office with the appointment of three sales trading professionals: Chris McGale, Jon Clements and Adam Bowers.

Aronovitz exits OneChicago
23 March 2011 Chicago
Reporter: Justin Lawson

Abel Aronovitz, director, institutional sales at OneChicago and the company have parted ways after two years, it is understood the time was right for Aronovitz to move on to the next step in his career although the next move is not known at present.