Securities finance round-up: ISLA, GPFA, xCube and more
This week’s securities finance round-up features include ISLA, GPFA, xCube, Mirae Asset Securities, and RQD*.
This week’s securities finance round-up features include ISLA, GPFA, xCube, Mirae Asset Securities, and RQD*.
The series C funding was led by HSBC alongside other collaborators such as BNP Paribas, BNY Mellon, JP Morgan and Citi and will help support the development of HQLAx’s offering.
The launch grants Bloomberg Terminal users to access global securities lending data through the Bloomberg App Portal.
The agreement is the latest in a string of new mandates announced by the custodian this year.
Two key market players are set to support the service from its launch, anticipated in Q3 2024, adding to the likes of BNY Mellon, Citi and JP Morgan who are already behind the initiative.
This week’s securities finance round-up features Broadridge, BNY Mellon, ISLA, Matrix Applications, Supernova Technology, RBC Investor Services and BBH.
Tie-up with GLMX comes off the back of growing demand from clients seeking to expand their BNY Mellon triparty usage beyond uncleared margin into repo financing.
Roll-out will be staggered in strategic phases over the coming months, with the full integration across pricing, execution and lifecycle management targeted for a Q3 2024 launch.
GPIF will implement modifications to its lending rules, allowing it to retain temporary control over share certificates while facilitating loans.
Broadridge’s cloud-based solution will help the Japanese securities brokers to access new markets as well as reduce the burden of maintenance and complexities.