Securities Finance

BNY Hires Malgieri to Replace Parkes

The Bank of New York announced today that James Malgieri will replace Shaun Parkes as head of global collateral management. Parkes left in September to join Deutsche Bank. Malgieri, who joins as Managing Director and Product Manager of Global Collateral

Bond Market Association Favours Disintermediation of Brokers

The ability for sophisticated municipal market professionals (SMMPs) to have full access to electronic platforms without an intermediating dealer to perform fair practice obligations will spur the on line trading of municipal securities, The Bond Market Association emphasized in a

OM Strengthens Relationship with BrokerTec

OM and BrokerTec have signed a new and extended agreement to further strengthen the cooperation between the two companies. The initial agreement between OM and BrokerTec, announced in December 1999, encompassed OM supplying BrokerTec with electronic, inter dealer trading platforms

Olesky Switches From BrokerTec to TradeWeb

Electronic interdealer bonds and repo broker BrokerTec Global LLC's European head Lee Olesky is to join another electronic broker TradeWeb Group, the companies said on Friday. Olesky leaves BrokerTec Europe, where he was president and chief executive officer, and joines

Japan Changes Law on Short Selling

Revisions to the Securities and Exchange Law concerning the prices for regulated short selling came into effect in Japan today. Until now, permissible prices for regulated short selling excluded anything below the prices most recently announced by the relevant exchange.

European Repo Benchmark Launched

The European Banking Federation (FBE), the European Savings Banks Group (ESBG), the European Association of Cooperative Banks (EACB), in cooperation with the European Repo Council (ERC) announced today the launch of EUREPO, which is positioning itself as the benchmark for

Barclays Hires Two to Trade Latin American Debt

Barclays Capital has hired Michael McGowan and Ronaldo Lyrio as Directors, Latin America, Credit Trading. McGowan will be responsible for managing the Latin American credit repo book. He comes to Barclays Capital from the Chicago Mercantile Exchange where he was