The mandate suggests larger-sized asset owners and asset managers now see outsourced trading as a viable solution for their investment operations.
The acquisition expands IQ-EQ's fund administration and middle-office services to private equity managers and hedge funds.
The tech vendor giant outlined an opportunity to review its fees for outsourcing services, including its fund administration business.
ICSDs see annual revenue and assets under custody increases during 2019.
All three stock exchanges are considering a merger after establishing the Latin America Integrated Market for exchange connectivity in 2011.
Intertrust has seen a wave of departures from its Luxembourg team to rival fund administrator TMF Group.
The appointments are the latest changes to BNP Paribas Securities Services’ senior management in recent months.
Digitisation of assets could enable fund managers to access hard-to-reach markets, as the continue to combat the drain on traditional active management.
Securities services firms that have imposed travel bans and closures in Asia as a result of the Coronavirus are having to explain their business continuity and relocation plans.