Euroclear’s Russia earnings jump 782% to €3bn in first nine months of 2023
Market infrastructure provider points to “increasing complexity” around the situation, as European Commission contemplates use of profits.
Market infrastructure provider points to “increasing complexity” around the situation, as European Commission contemplates use of profits.
Citi’s Issuer Services acted as the issuing and paying agent for the inaugural digitally native notes, issued by the World Bank.
Chief executive Frank La Salla tells Global Custodian that DTCC is going to play a larger role in blockchain by focusing on interoperability and helping the industry consolidate so that disparate platforms can begin to interact with one another.
Executives from the DTCC, Goldman Sachs, JP Morgan and AFME want to see an improvement in settlement efficiency in Europe before committing to a shortened settlement cycle.
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.
Market infrastructure says 350 investment managers are now leveraging CTM’s automated trade affirmation capabilities; also launches T+1 scorecards to help preparation.
Three market infrastructures co-author a whitepaper titled ‘Advancing the Digital Asset Era, Together’ highlighting how they can solve some of the scalability, interoperability and standardisation issues which could hamper the development of a future digital ecosystem.
Arrangement will allow eligible clearing members to gain increased margin efficiencies between US treasury securities and CME Group interest rate futures, with an expected launch in January 2024.
The service forms part of CLSSettlement which has seen a 38% year on year increase in cross currency swaps for the first half of 2023.
The move comes just days after rival ICSD Euroclear signed an agreement to open an omnibus account with KSD.