U.S. Bank becomes third member to join CLSSettlement this year
The move also makes the firm, which is the fifth largest bank in the US, the service’s seventy-sixth settlement member.
News
JP Morgan to service Nordea AM’s newly launched ETF range
Mandate will cover custody, fund accounting, transfer agency, order taking, ETF servicing, and basket services.
Former State Street exec joins Northern Trust as global head of product management for asset servicing
Asset servicing specialist with more than 25 years’ experience previously held senior leadership roles at State Street.
State Street executes first API order for Australian-domiciled ETF on Fund Connect
Fund Connect now has six ETF issuers and six APs live on the platform, with more due to join in the coming months.
Pirum taps JP Morgan EMEA flow trading head to lead pre-trade offering
Individual has also previously worked across securities finance trading and automation at firms including State Street, EquiLend, Merrill Lynch and Goldman Sachs.
DTCC looks to launch new cleared tri-party service through BNY
FICC submits rule filing with the SEC for approval to offer a new “Collateral-in-Lieu” service as part of its sponsored general collateral offering.
UBS, Chainlink and DigiFT collaborate to automate tokenised fund operations
Initiative approved under Hong Kong’s Cyberport Blockchain & Digital Asset Pilot Subsidy Scheme in a bid to reduce manual errors and unlock significant cost savings.
HSBC and BNP Paribas join tokenisation initiative Canton Foundation
New members follow the additions of Goldman Sachs, HKFMI and Moody’s Ratings in Q1 of this year.
State Street partners with Daiwa to enhance fund accounting solutions for Japanese clients
Custodian to implement accounting system owned by Daiwa Institute of Research for fund accounting solutions in Japan to support global clients.
SIX and Swiss Post-Trade Council issue T+1 recommendations for Switzerland and Liechtenstein migration
A market consultation is open until 10 October 2025, ahead of an industry event hosted by SIX on 23 September 2025 to present the roadmap.