Market structure changes to shake up repo trading
Sponsored clearing services among factors leading to a major rise in aggregate cleared repo and reverse repo volumes.
Securities Finance
JP Morgan continues to build out agency lending team with new EMEA trading head
JP Morgan has spent the last year implementing a new look to its global agency securities lending team.
State Street launches peer-to-peer securities lending platform
The platform could serve as a significant boost to State Street’s position as an alternative to the bulge-bracket prime brokers in the securities lending market.
BNY Mellon to begin accepting ETF collateral for agency lending business
Greater acceptance of ETFs as collateral is one way of fully unlocking ETF inventory for market participants.
HQLAX successfully tests tokenised securities lending solution with banks
Collateral mobility system simulated transactions by several global banks including Commerzbank and ING, and confirms launch date.
SmartStream RDU launches SFTR security reference data service
New service will help firms meet stringent new securities financing transaction regulations.
Securities lending participants missing key reporting data for SFTR
Trades that get rejected for not having an issuer LEI could mean the amount of acceptable collateral could drop.
Digital asset lending platform gears up for early September launch
New lending exchange claims its delivering a ‘critical piece of financial markets infrastructure to the crypto economy’.
US pension fund LACERA plans to open up bids for $9 billion securities lending mandate
The Los Angeles County Employees Retirement Association has used State Street and Goldman Sachs as its two securities lending partners.
State Street processes $140 billion of client-cleared repo transactions
State Street expects buy-side clearing of repo financing to increase significantly among mutual funds and money markets funds in the US.