BNY Mellon to enable buy-side to direct repo trades at point of execution
Tie-up with GLMX comes off the back of growing demand from clients seeking to expand their BNY Mellon triparty usage beyond uncleared margin into repo financing.
Tie-up with GLMX comes off the back of growing demand from clients seeking to expand their BNY Mellon triparty usage beyond uncleared margin into repo financing.
Roll-out will be staggered in strategic phases over the coming months, with the full integration across pricing, execution and lifecycle management targeted for a Q3 2024 launch.
GPIF will implement modifications to its lending rules, allowing it to retain temporary control over share certificates while facilitating loans.
Broadridge’s cloud-based solution will help the Japanese securities brokers to access new markets as well as reduce the burden of maintenance and complexities.
This week’s securities finance round-up features ISLA, Women in Securities Finance (WISF), Pirum, Xceptor, and an update on the challenge to the SEC’s rules on securities lending and short position reporting.
The adoption of Broadridge’s SFCM offering will allow the Singapore-based financial services provider to optimise and simplify its securities finance operations.
The expansion into the US is in response to the evolving nature of the securities finance industry in the region.
The adoption of Pirum’s technology will help eSecLending’s stay ahead of regulatory changes, especially with the US T+1 settlement deadline around the corner.
The repo transaction uses collateral from the largest digital bond issuance globally and the ‘first-ever’ multi-currency digital bond issuance.
Incoming hire brings with him nearly two decades of experience from Clearstream, where he held a variety of senior executive positions.