Broadridge to launch electronic repo trading platform
The Repo Order Quote service provides traders with the ability to quote and execute repo trades on aggregate basis.
Securities Finance
State Street testing blockchain system for securities lending, says CEO
Hooley told Global Custodian the bank is underway with a number of pilot blockchain programmes to streamline and automate processes.
BNY Mellon to launch FX prime brokerage service
The custodian bank is looking to allow its clients to access a new source of much-needed liquidity in the FX space.
Cantor Fitzgerald’s prime brokerage head departs for private equity manager
Noel Kimmel, who founded Cantor Fitzgerald's prime brokerage business in 2009, has left to join Cerberus Capital Management.
IHS Markit and REGIS-TR partner for SFTR reporting service
REGIS-TR will work with IHS Markit on interoperable SFTR reporting solution.
Hong Kong regulator to probe prime brokerage practices
Hong Kong's SFC will look into the conduct and risk management practices of prime brokers in the country.
Global Custodian announces nominees for Prime Brokerage and Private Equity Admin awards
The awards for categories based on Global Custodian's prime brokerage and private equity fund administration surveys will be presented at the Industry Leaders awards.
Clearstream and Pirum to automate collateral exposure for buy-side
Automated solutions for valuing collateral has become a pressing need for the buy-side since the onset of stricter margin rules.
JP Morgan eyes further automation for agency lending desk
Ben Challice joined JP Morgan as global head of agent lending and collateral management in a newly created role.
Cowen completes integration of Convergex Prime Services
Cowen Group agreed to buy Convergex Execution Services and its prime brokerage business in April for $116 million.