State Street lets go four senior executives across waning securities finance business
The securities finance division was one of the worst performing business units for State Street in 2018.
Securities Finance
EquiLend partners with tech vendor for integrated securities finance platform
The new system will integrate its trading, post-trade and data services, as well as its flagship Next Generation Trading (NGT), on a single platform.
Pirum sets up connectivity to US domestic tri-party agents
The expansion builds on Pirum's existing real-time connectivity to the four international tri-party agents.
Deutsche Boerse-backed blockchain sec lending platform nears launch
Six banks have confirmed they have started the onboarding process and will join the platform at launch date, expected to be in the first half of 2019.
IHS Markit adds all-star line-up to SFTR design team
Nine banks join IHS Markit’s design team to collaborate on Securities Financing Transaction Regulation (SFTR) reporting service.
PGGM addresses liquidity concerns through Eurex’s repo clearing service
PGGM is the first pension fund manager to centrally clear repos at German exchange group Eurex.
Revenues from securities lending touch $10 billion in 2018
The year was a record in terms of revenues for beneficial owners, with more securities lending activity shifting to the front-office.
Securities lending and repo regulations could be detrimental to the market, say associations
The two associations found that post-crisis regulations have had a profound impact on banks’ SFT businesses and could detrimentally impact the securities lending market.
Eurex Clearing gains ground with profit scheme for repo
Major investment banks including Citigroup and JP Morgan sign up to use the Eurex clearing profit scheme for repo as Brexit looms.
Foreign investors seek securities lending when analysing emerging markets
Foreign investors look for short-selling and securities lending capabilities above other market structure features when analysing emerging markets.