As Brexit looms, Societe Generale is to open a new base in Paris for clearing of derivatives and OTC products by the end of the year.
Major investment banks including Citigroup and JP Morgan sign up to use the Eurex clearing profit scheme for repo as Brexit looms.
The European Commission has said it will adopt temporary equivalence to ensure no disruption to central clearing in the case of no-deal Brexit.
Citi already offers direct custody and clearing services in Denmark, Finland and Sweden, with expansion taking its European sub-custody network to 37 markets.
DTCC built a blockchain-based clearing and settlement platform that could process over 100 million US equities trades per day
Kate Birchall joins LCH from National Australia Bank, replacing previous region head Marcus Robinson.
Credit Suisse has hired Terry Burke from CME Group as it continues to rebuild its US prime services division.
The decision comes after industry feedback raised concerns on the ASX’s timeline to implement the technology.
CACEIS will also act as the main listed derivatives clearer for the French investment bank.