Custodian invests in widely backed collateral mobility platform and will also connect its agency securities lending business to HQLAx.
The new platform utilises smart contracts and distributed ledger technology, a move that could potentially transform the repo market.
Securities finance automation firm announces upgrade to CollateralConnect platform to provide enhanced visibility, workflow and controls.
Contribution to the code will the addition of securities loan product and transaction definitions, as well as a settlement and allocation event for a cash settled DVP loan.
BNY Mellon hires markets executive from Goldman Sachs for securities financing and liquidity business
The newly created role will focus on the strategic direction of BNY Mellon’s financing, collateral and short-term liquidity offering.
The move marks the latest development in the securities lending market, as more asset managers seek to lend their holdings to other investors.
The move will enable its institutional investor clients to invest in a wider variety of short-end investment products that they would not previously had access too.
The agency lending team has partnered with its buy-side arm to provide securities lending clients with the strategy.
The move comes as international investors look to significantly increase their access to China’s $13.9 trillion bond market.
The Global Securities Lending Solutions (GSLS) Group within MUFG continues to grow as market revenues swing in Q1.