Securities Finance

New CEO at SecFinex

SecFinex, the online marketplace for securities finance, announced the appointment of John Oddie as Chief Executive Officer and Board member. Commencing in the position today, John brings global market insight and proven ability of developing innovative technology solutions for strategic

JP Morgan Gets Equity in TradeWeb

JP Morgan has acquired an equity interest in electronic bond tradingplatform TradeWeb. JP Morgan joins seven other major global banking firmswith an ownership interest in the platform.

Second Part of ISMA Survey is Due on Jan 22

The International Securities Market Association (ISMA) is holding a press conference to publish the second in its new series of European repo market surveys, designed to enable participants in Europe's cross border repo market to gauge its size. The repo

Merrill Lynch To Take a Q4 Charge of $2.2 billion

Merrill Lynch said it will take a Q4 charge of $2.2 billion, mainly to cover the elimination of 9,000 jobs. Merrill said the job cut number includes all reductions since November, including a new round of 1,200 job cuts in

Equilend Finally Breaks Cover

After months of silence, Equilend has finally announced a COO and CTO for the securities lending consortium. Brent Bessire will be COO and be responsible for formalizing the infrastructure of the company, and will work with platform participants to provide

Euro MTS: Clearnet Bites Back

In an interview with GC.com, Clearnet managing director Victorien Goldscheider has hit back at claims by London Clearing House (LCH) that the choice of Central Counter Party (CCP) provider to Euro MTS is a "no brainer" see News Item below,

Industry Opposes Japan's Cross-Border Repo Tax

In strong opposition to a proposal by the Japanese Ministry of Finance to tax cross border repurchase (repo) transactions, John Vogt, executive vice president of The Bond Market Association, says in a letter to Treasury Secretary Paul O'Neill that the

Metropolitan West to Buy Cantor Sec Lending Operation

Metropolitan West Securities will reportedly purchase Cantor Fitzgerald LP's securities lending operation, sharing profits from the acquisition with Cantor Fitzgerald for two years, according to Bloomberg. The Cantor Fitzgerald division manages about $3.4 billion in customer assets.

Fintuition Extends Operations to New York

KAS BANK clearing specialist on Euronext Paris KAS BANK is the first General Clearing Member of Euronext that is able to provide clients of the three underlying Euronext exchanges with its services from one portal instead of from three different