Sponsored clearing services among factors leading to a major rise in aggregate cleared repo and reverse repo volumes.
JP Morgan has spent the last year implementing a new look to its global agency securities lending team.
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.
Greater acceptance of ETFs as collateral is one way of fully unlocking ETF inventory for market participants.
Collateral mobility system simulated transactions by several global banks including Commerzbank and ING, and confirms launch date.
New service will help firms meet stringent new securities financing transaction regulations.
Trades that get rejected for not having an issuer LEI could mean the amount of acceptable collateral could drop.
New lending exchange claims its delivering a ‘critical piece of financial markets infrastructure to the crypto economy’.
The Los Angeles County Employees Retirement Association has used State Street and Goldman Sachs as its two securities lending partners.
State Street expects buy-side clearing of repo financing to increase significantly among mutual funds and money markets funds in the US.