State Street connects collateral platform to DTCC’s MTU
State Street continues to build out new capabilities to drive forward its financing solutions and collateral optimisation group.
Market Infrastructure
Clearstream partners with RegTech ume for enhanced KYD due diligence
The partnership will improve Clearstream’s Fund Centre platform by expanding the KYD offering for asset managers.
DTCC files SEC application for securities finance clearing house
The application is the formal start of the launch process of a central clearing and settlement service for overnight equity securities financing.
Move to T+1 settlement for US equities all but assured after key stakeholders give approval
A shift to T+1 looks all the more likely after three organisations representing banks and brokers conclude that the benefits outweigh challenges.
SIX Digital Exchange hires top trading exec from State Street as new CEO
SDX has received a draft financial market infrastructure (FMI) licence from FINMA, and it expects to receive formalisation of its licences soon.
DTCC hires ex-Citadel Securities and IHS Markit sales exec for digital assets role
The hire is the latest development from DTCC as it formalises a service offering for digital assets and private market securities.
Clearstream forms industry consortium to resolve historic inefficiencies in bond markets
The consortium aims to increase bond market liquidity, as well as reduce transaction costs and reputational risks for the participants who are affected.
LCH adds Euro repo to buy-side sponsored clearing model
Buy-side firms using RepoClear will now have direct access to clearing across 13 Euro debt markets and LCH’s basket repo clearing service, €GCPlus.
CLS completes largest technology change initiative with revamped settlement platform
The project, named Convergence, includes the migration of CLSSettlement onto its Unified Services Platform (USP).
FX Global Code introduces changes to principles for reducing settlement risk
The Code will place greater importance on the use of PvP settlement mechanisms and promote the use of automated settlement netting systems.