All latest securities finance news

Fundtech releases liquidity and risk management solution

14 May 2012 New Jersey
Reporter: Mark Dugdale

Financial technology provider Fundtech has launched a global liquidity and risk management solution that will help banks with measuring, managing and using their cash and collateral...

Parker lifted from Temenos to Rule Financial

14 May 2012 London
Reporter: Georgina Lavers

Pauline Parker has joined as head of Rule Financial’s application managed services division...

Deutsche Bank forces coffee mogul Stiller to sell

14 May 2012 Vermont
Reporter: Georgina Lavers

Company founder of Green Mountain Coffee Roasters Robert Stiller was forced by his bankers to sell $125.5 million of stock after borrowing against his own shares...

Hong Kong stock exchange tightens short selling rules

14 May 2012 Hong Kong
Reporter: Mark Dugdale

The Stock Exchange of Hong Kong has amended the rules that regulate the short selling of designated securities after it conducted a review earlier this year...

FINRA bags new chief legal officer

11 May 2012 Washington, DC
Reporter: Mark Dugdale

US independent regulator the Financial Industry Regulatory Authority has hired Robert Colby as its chief legal officer, while general counsels Grant Callery and Marc Menchel are set to depart...

Markit continues expansion with Cadis purchase

11 May 2012 London and New York
Reporter: Mark Dugdale

Financial information services company Markit has agreed to purchase Cadis, an enterprise data management provider. The deal follows Markit’s acquisition of securities lending data provider Data Explorers in April...

Clearstream announces April 2012 GSF figures

11 May 2012 Frankfurt
Reporter: Mark Dugdale

Post-trading services provider Clearstream of the Deutsche Börse Group has released its April 2012 global securities financing (GSF) services figures. For GSF services, the monthly average outstanding reached €570.7 billion...

HSBC gives Melvyn Ford a new role

10 May 2012 Hong Kong
Reporter: Mark Dugdale

HSBC Holdings PLC has named Melvyn Ford as head of prime services in Asia...

Scrabbling for collateral

10 May 2012 New York
Reporter: Georgina Lavers

Moody’s are considering industry-wide downgrades, with Morgan Stanley taking a potential $9.6 billion hit. After US financial stocks fell, the bank stated that counterparties may call $7.21 billion in additional collateral...

EquiLend and BNY Mellon team up to automate RQV communication

09 May 2012 New York
Reporter: Mark Dugdale

Trading and post-trade service provider EquiLend will work with BNY Mellon to migrate the communication of Triparty Required Value (RQV) figures from email to an automated process using the company’s triparty automated deal matching (ADM) platform.

Moody’s: Merlin acquisition is risky business

09 May 2012 New York
Reporter: Mark Dugdale

Credit ratings agency Moody’s Investor Service has reacted negatively to the Wells Fargo Securities acquisition of Merlin Securities LLC, a prime brokerage and technology provider based in San Francisco and New York...

Sweden’s NASDAQ collateral management shakeup

08 May 2012 Stockholm
Reporter: Georgina Lavers

Sweden-based exchange and clearing company NASDAQ OMX Stockholm (OMX STO) set up three clearing funds to mutualise risk, and revised its collateral management structure so as not to rely too heavily on custodians that are also clearing members...

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