The lawsuit accused the six banks and their prime brokerage divisions had colluding to ‘boycott’ an electronic securities lending trading platform.
Both companies are looking to get clients ready for SFTR reporting in advance of the 2020 deadline.
The decline means another disappointing quarter for the world’s largest global custodian as asset servicing revenues fell 8% year-on-year.
IHS Markit and Pirum will make available Delta Capita's SFTR test pack to its clients to support and standardise testing.
Hire in Hong Kong sees JP Morgan tap BNP Paribas Securities Services for new APAC head of agency securities lending trading.
DTCC recently broadened the category of market participants accessing the Fixed Income Clearing Corporation’s (FICC) cleared repo service.
Partner firms signed up for UnaVista's SFTR trade repository include Calypso Technology, EquiLend, IHS Markit, MarketAxess, Trax and Murex.
BNY said the transaction represents a major new route to market for its securities lending clients without the need to set up direct clearing membership.
IHS Markit, Pirum Systems and Rabobank ran the test for reporting securities financing transactions to DTCC's trade repository.
JP Morgan will continue to hold a 10% ownership interest in EquiLend.