All industry news

BoE instructs LME Clear to strengthen governance and risk management

03 March 2023 UK
Reporter: Bob Currie

Following an independent review commissioned by the Bank of England, LME Clear has been told to improve its governance, to raise levels of managerial independence at the CCP, and to strengthen its risk management framework

Securities lending volumes cleared through OCC fall 1.2% for Feb

03 March 2023 US
Reporter: SFT

OCC cleared sec lending volumes fall to 173,888 trades YoY for February, with average daily loan value down 12.3 per cent YoY

Digital Asset confirmed as DLT provider for EquiLend 1Source

02 March 2023 US
Reporter: SFT

1Source applies Digital Asset’s Daml smart contract language and Canton ledger to enable counterparties to draw on a single blockchain-based transaction record, thereby minimising reconciliation breaks

GCEX appoints Cheung to lead APAC sales

02 March 2023 Hong Kong
Reporter: SFT

Cheung’s initial focus will be to drive digital prime brokerage sales in Taiwan, Thailand, Singapore and Malaysia, as the first part of a broader growth strategy for the APAC region

LSEG and Shenzhen Stock Exchange sign MoU

01 March 2023 UK
Reporter: Carmella Haswell

The Memorandum of Understanding aims to support the growth of capital markets in London and Shenzhen, with both exchanges eager to enhance collaboration in areas such as market development and product innovation

MTS and Wematch partner to digitise workflow for IRS voice trading

28 February 2023 France
Reporter: SFT

This solution, MTS Swaps by Wematch.live, aims to digitise voice trading in rates swaps, combining benefits of voice and electronic platforms through offering additional voice negotiation supported by digital workflow

Derivatives Service Bureau to release its UPI testing framework from April 2023

23 February 2023 US
Reporter: Bob Currie

DSB will be making its UPI user acceptance testing framework available to users from April 2023, providing a nine-month window to ensure readiness prior to this UPI requirement being enforced in trade reporting from January 2024

BNY Mellon expands collateral platform to Malaysia

23 February 2023 Malaysia
Reporter: Carmella Haswell

BNY Mellon has expanded its International Collateral Management platform to Malaysia to unlock Malaysian equities and fixed income instruments for use as eligible collateral

Duco releases EMIR Refit solution

21 February 2023 UK
Reporter: Carmella Haswell

The solution will offer a no-code functionality to remap existing processes or build new ones without technical knowledge, says Duco

Deutsche Bank trials digital fund investment servicing platform with Memento

21 February 2023 Germany, Singaore
Reporter: Bob Currie

Proof of concept aims to offer a “one-stop” digital fund investment servicing solution, targeted at asset managers and their service intermediaries, that will streamline the process of issuing and servicing digital funds

Clearstream GSF volume outstanding dips to €542 billion for January

21 February 2023 Luxembourg, Clearstream
Reporter: SFT

Global securities finance volume contracts 2% YoY for January 2023, but Clearstream’s assets under custody and ICSD activity grows relative to January 2022

EquiLend to launch Competitive Bid

17 February 2023 US
Reporter: Carmella Haswell

Competitive Bid will soon launch to promote greater liquidity in the automated trading market of hard-to-borrow securities

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