Pershing has recruited two new sales directors who will be tasked to support its ambitious growth strategy for Europe.
JP Morgan has developed a DLT-based system alongside Baton Systems to speed-up and automate post-trade margin payments.
Attitudes towards the disruptive nature of DLT as a solution to everything post-trade have significantly changed since Sibos 2017.
State Street expects buy-side clearing of repo financing to increase significantly among mutual funds and money markets funds in the US.
GC Legend takes up new role at Commerzbank as part of an organisational restructure.
Baton Systems has hired former Traiana CEO, Andrés Choussy, who takes on the role of COO at the firm.
BNP Paribas Securities Services has emerged as a leading derivatives clearing provider in Italy, having won a number of clearing and collateral management mandates.
DTCC recently broadened the category of market participants accessing the Fixed Income Clearing Corporation’s (FICC) cleared repo service.
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.