Custodian announces deal to acquire investment management front office service provider Charles River Development in a landmark $2.6 billion deal.
Investment services revenues of increased 8% to $3.1 billion year-on-year but remained flat over the previous quarter.
CERN Pension Fund CEO cites technology and value as reasons for review which will it move $4.25 billion of assets to Northern Trust for custody.
The investment from Euroclear was in response to client demands wanting access untapped liquidity pools in the bond market.
Citi and JP Morgan both recorded a 12% increase in the second quarter for their securities services businesses.
Securities services firms hope to capture the relevant skills to mix with the experience of their business heads and create new solutions and services.
A fully integrated trading, settlement and custody infrastructure for digital assets is set to launch in 2019.
The new fixed income clearing and settlement offering was developed as part of SGSS’ ongoing work with Accenture Post-Trade Processing.
Clearing members will now be able to use UK and US government treasury bills, bonds, and other approved fixed income securities as collateral.
Coinbase launches custody for cryptocurrencies but is still looking to partner with traditional custodians.