Settlement efficiency dropped in 2022, with SDR cash penalties averaging €141.6 million per month for T2S participants.
Platform will provide asset owners and allocators with access to custom analysis and research.
Sponsored message from SIX
Increasingly, markets are either adopting T+1 for equity trade settlements, or at least consulting with the wider industry about introducing it, with experts arguing such a move will help reduce risk and costs for trading counterparties. SIX looks at the impact which shorter settlements could have on the financial services industry.
Partnership with Blockdaemon will also facilitate more efficient liquidity management.
Survey finds attitudes to technology a differentiator among GPs.
This week’s fund services round-up features Apex Group, IQ-EQ, Vistra, Ocorian, and FundRock.
Incoming hire returns to JP Morgan after spending 12 years at the bank during his first spell.
The reshuffle includes three senior appointments across the bank’s global operations.
The pair have communicated to clients that it would be in the best interest for the businesses to find a more ‘strategically and geographically aligned’ partner; TD acquired Cowen in March for $1.3 billion.
BNP Paribas, Standard Chartered, DBS, Deutsche Bank, HSBC and Mizuho were among the winners of multiple awards at the inaugural event held at Raffles, Singapore last night.
The Global Custodian Directory is a single access point to leading Service Providers.
FRM Optimiser and TRS Cash Flow Management aim to improve efficiency and productivity for users.
Appointment will be responsible for driving the broader data, digital and innovation strategic portfolio.
Cowen Digital officially launched trading and custody services in March last year but had been in the works since early 2021 as institutional investors began increasingly eyeing digital assets.
Renewal extends the investment operations outsourcing services provided to the scheme with £46.9 billion in AuM.
The alliance will focus on supporting strategic planning to service investors and service providers expanding into either market.
Among the concerns is the trade-off between market efficiencies and settlement fails, limited upside for the buy-side and the many challenges in the short term burdening the industry for ‘distant benefits’.
Asia Pacific head of treasury services assumes additional responsibility for driving growth priorities while meeting regulatory expectations for governance and control structures.