All industry news

ISS and Strate partner on proxy voting solution

06 November 2023 South Africa
Reporter: Lucy Carter

Through the collaboration, global and custodian banks using ISS’ GPD outsourced voting solutions will be able to use Strate’s central platform for the direct vote processing of South African issuers’ shareholder meetings

Philippines permits short selling on PSE Index stocks and selected midcaps

06 November 2023 Philippines
Reporter: Bob Currie

Short selling is now permitted in the Philippines, with 52 PSE-listed stocks and one exchange-traded fund available for short sale

LCH welcomes UOB as a new member

03 November 2023 UK
Reporter: Carmella Haswell

The move marks United Overseas Bank as the first bank in Southeast Asia to join as a direct member of ForexClear — LCH’s solution for non-deliverable and deliverable foreign exchange

OCC average daily loan value grows 27.7% YoY for October

02 November 2023 US
Reporter: Carmella Haswell

The Options Clearing Corporation has also reported a 19.8 per cent YoY increase in total securities lending transactions cleared on the platform for the month of October

RBC Investor Services to expand securities lending programme

02 November 2023 Canada
Reporter: Carmella Haswell

This move will extend its service coverage to support the lending of client assets held in Malaysia, the Canadian bank’s 34th market

Global securities finance revenue drops 4% YoY for October, reports DataLend

02 November 2023 US
Reporter: Carmella Haswell

Securities lending revenues have contracted globally from US$780 million in October 2022 to US$751 million in October 2023, according to DataLend, driven by mixed performance across asset classes and regions

Duco launches EMIR assurance solution

02 November 2023 UK
Reporter: Lucy Carter

Duco has launched pre-configured processes within its EMIR assurance solution, providing core data controls between trade capture, trade reporting store and trade repository in line with EMIR ISO XML formatting