The new capability is the next step in State Street’s goal to encourage buy-side clients sto participate in peer-to-peer trading activities in the securities finance market.
Pressures from COVID-19, regulations and changing geopolitical market trends, as well as low volumes, have forced Eurex to prioritise other activities.
The move could provide significant savings for banks that have faced increased regulatory costs to trade in the balance sheet-intensive repo market.
Custodians and prime brokers have sought to unlock the use of ETFs as collateral in securities lending transactions.
The resurgence in short selling and increased performance among hedge funds could pave the way for a profitable year for securities lending desks of banks.
The move is the latest in Citi’s efforts to grow its securities services capabilities in emerging and frontier markets.
ATP joins Dutch pension fund PGGM and German asset manager Ampega which have gone live on SimCorp’s securities finance reporting solution.
In the first of a new Friday Q&A segment, GC spoke to BBH's global co-heads of securities lending Thomas Poppey and Marney McCabe on asset manager lending strategies for 2021, the rise of peer-to-peer trading, and how technology is shaping new services.
MUFG continues to invest in securities finance team with new hire in Luxembourg.
Custodian banks laud new collateral and securities lending platform which is looking to transform the way assets are mobilised.