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De Vidts, who has served in the financial markets since 1972, was one of the pioneers of the international and tri-party markets in the mid-1990s.

The DA platform processed more than four times the amount of trades per second than the latest DLT prototype developed by DTCC.

Assets under custody and administration (AuC/A) also jumped 7% for BNY Mellon to $34.5 trillion and 12% for Northern Trust to $10.8 trillion.

SGSS will use Addventa's artificial intelligence technology to automate the portfolio commentary process for asset managers.

Haggart previously served as head of fund accounting, and prior to joining SS&C in March 2017 he spent almost nine years at EY in Luxembourg.

DTCC built a blockchain-based clearing and settlement platform that could process over 100 million US equities trades per day

The new business known as Fidelity Digital Assets will offer custody and trade execution of cryptocurrencies to institutional investors  from 2019.

The involvement of CSDs in a governance and operational role could help increase trust of investors, and raise the quality of the crypto-trading ecosystem.

RBC I&TS is currently two years into a four-year programme of digitally transforming its back- and middle-office services globally.

The two US investment banks are the first to report their quarterly earnings, with their results often seen as a reflection of the current state of the banking industry.