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BNY Mellon promotes Keaney to CEO of Investment Services
17 December 2012 New York
Reporter: Jenna Jones

BNY Mellon has appointed Timothy Keaney as CEO of Investment Services as the firm aligns its asset servicing, corporate trust, depositary receipts, global markets, global collateral services, broker dealer services and Pershing businesses under his l

BrokerTec and MTS release RepoFunds Rate
17 December 2012 London
Reporter: Mark Dugdale

A fixed income trading platform and an electronic trading venue have teamed up to launch the RepoFunds Rate daily repo index for eurozone sovereign bonds...

SIX acquires Oslo Clearing
17 December 2012 Zurich
Reporter: Jenna Jones

SIX has agreed to purchase Oslo Clearing—which deals with CCP clearing of financial directives and securities lending products—from Oslo Børs...

Wells Fargo settles with Sarasota over securities lending feud
17 December 2012 Sarasota
Reporter: Mark Dugdale

Wells Fargo will pay Sarasota County $23.75 million to settle claims that Wachovia Bank, which it acquired at the peak of the financial crisis, mismanaged the county’s securities lending portfolio between 2007 and 2008...

Five ways for portfolio managers to cut costs
14 December 2012 London
Reporter: Georgina Lavers

A new paper from BNY Mellon in association with banking consultants Rule Financial examines the impact that a reform of the OTC derivatives markets will have on all users of those instruments...

BNP Paribas handles second fund migration for Henderson
14 December 2012 London
Reporter: Georgina Lavers

BNP Paribas Securities Services has migrated nine funds with an approximate value of €2.5 billion for Henderson Global Investors...

CME Clearing opts for BNY Mellon services
13 December 2012 London
Reporter: Jenna Jones

CME Clearing Europe has selected BNY Mellon to provide triparty collateral management services supporting the buy side, sell side and clearing houses...

There is no collateral shortage, says Finadium
13 December 2012 Massachusetts
Reporter: Georgina Lavers

Finadium has released a new report on the mechanics and sizing of the collateral transformation trade...

Paladyne singles out its order management system
12 December 2012 New York
Reporter: Jenna Jones

Paladyne Systems has released its order management system (OMS) as a standalone product for hedge funds, asset managers and prime brokers...

New role created for Alan Pace at Citi
12 December 2012 New York
Reporter: Georgina Lavers

In order to drive forward its prime finance business and create a fully integrated division, Citi has created a new role for Alan Pace...

LCH.Clearnet extends OTC clearing to down under
12 December 2012 London
Reporter: Georgina Lavers

LCH.Clearnet will extend its clearing business for OTC interest rate instruments to Australian banks...

NASDAQ shakes up eligible collateral
11 December 2012 New York
Reporter: Georgina Lavers

NASDAQ OMX Derivatives Markets is making a number of changes to its list of eligible collateral, announcing that further changes will be made...