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NEW - BondLend, securities finance technology for fixed income
17 May 2010 New York
Reporter:

BondLend announced today the roll-out of its Securities Finance platform targeted specifically to the fixed income lending and repo community.

BNY Mellon Asset Servicing tops two
16 May 2010 Pittsburgh
Reporter:

BNY Mellon Asset Servicing, has been ranked No.1 in the Single Provider and USD 1-10 Billion categories within Global Custodian magazine's 2010 Securities Lending survey.

O'Connor finds new land
15 May 2010 Chicago
Reporter:

Terra Nova Financial, LLC, (Terra Nova) recently announced the addition of Mark P. O'Connor as Managing Director of Sales.

South African repo rate kept the same
14 May 2010 Pretoria
Reporter:

Following on from the recent Monetary Policy Committee of the SA Reserve Bank (Sarb) meeting, the repo rate will remain at 6.5 percent. The prime rate would therefore remain set at 10 percent.

Matrix expands its Asset Management Business
14 May 2010 London
Reporter:

The fast growing Asset Management business of the Matrix Group is expanding its sales and marketing functions with the appointments of Chris Beament as Business Development Manager and Chris Elliott as Marketing Executive.

Systemic short sale wrist slap
13 May 2010 Washington, D.C
Reporter:

FINRA Fines Deutsche Bank Securities, National Financial Services a Total of $925,000 for Systemic Short Sale Violations. Both Firms Facilitated Customer Execution of Short Sales Through Direct Market Access Order Systems That Violated the 'Locate'

SSgA's Blake to Succeed Brakke
13 May 2010 Boston
Reporter:

State Street Global Advisors (SSgA), the investment management business of State Street Corporation, today announced that Lynn Blake, a 23-year SSgA veteran will assume the role as global head of Index Equity following the retirement of Paul Brakke,

Unlawful Short Selling
12 May 2010 Washington, D.C.
Reporter:

The Securities and Exchange Commission today charged two Boca Raton residents for engaging in illegal short selling of securities in advance of participating in numerous secondary offerings to make illicit profits.

Options Clearing Corporation Board Shuffle
11 May 2010 Chicago
Reporter:

The Options Clearing Corporation (OCC) has announced that Craig Abruzzo and Valar Mihan were recently elected to the OCC Board of Directors. Additionally, Paul Brody was elected to the role of Vice Chairman and succeeds outgoing director Gary Yetman

Credit Suisse agrees to buy Fortis Bank Nederland’s PFS business
10 May 2010 Zurich
Reporter:

Credit Suisse has entered into an agreement to purchase from Fortis Bank Nederland its Prime Fund Solutions business ("PFS"), a leader in hedge fund administration services. The acquisition enhances Credit Suisse’s offering to alternatives

Data Explorers - US Short Alert
10 May 2010 New York
Reporter:

The latest Data Explorers US Short Alert looks at Sears Holding Corp and Nutri System Inc.

Clearstream on the increase
10 May 2010 Luxembourg
Reporter:

The facts and figures highlighting Clearstream's performance in April and demonstrating a healthier but unsuprising position in relation to April 2009.