Back in June, TD Bank Group and Cowen had announced that the prime brokerage and outsourced trading businesses were parting ways just months after the deal was completed, seeking a more ‘strategically and geographically aligned’ partner.
The German bank will look to use Taurus technology to manage cryptocurrencies, tokenised assets, and digital currencies.
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A lively panel on tokenisation of payments at Sibos in Toronto led to a broader recap of expectations from DLT.
Clearstream has taken the lead in the securities industry when it comes to moving to the cloud and is now reaching the end of its long journey, the group’s leadership has said.
Following Tuesday’s session on tokenisation, Global Custodian caught up with Waqar Chaudry, executive director, innovation and digital assets product, financing & Securities Services, Standard Chartered Bank to discuss next steps.
CEOs from DTCC, Euroclear and The Canadian Depository for Securities discuss the shift to T+1 settlement around the world at Sibos in Toronto.
Official opening of the new office coincides with the launch of a rebrand for the custodian, reflecting the identity and future of the business.
New message types will support the acceleration of post-trade settlement cycles as the US prepares for its shift to T+1 and other regions assess whether to follow suit.
Ben Pott, head of public policy, EMEA at BNY Mellon, discusses regulatory divergence between the EU and UK with Global Custodian’s deputy editor Chris Lemmon.
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Every year at Sibos, one or two subjects ripen to the point where they move from the fringe to the mainstream. One of these is tokenisation.
Divergence of regulation, legacy operational processes and siloed projects are residing issues hampering the development of digital assets and blockchain, according to expert at Sibos in Toronto.
Market infrastructure says 350 investment managers are now leveraging CTM’s automated trade affirmation capabilities; also launches T+1 scorecards to help preparation.
As of last month, Eurex reported record volumes in its cleared repo markets, doubling across all markets year on year.
Scarcity of talent a worry for firms within the industry, while education of market practices remains a key priority for developing the next generation.
Good ideas do not in themselves create a business case, Sibos delegates hear in discussions around UTIs and ISO 20022.
Significant transformation within the post-trade world is not translating into the benefits it should be providing, says Citi global custody lead.