BNY Mellon snaps up former DTCC collateral expert
Industry veteran to work with buy-side firms for upcoming non-cleared initial margin regulation.
Industry veteran to work with buy-side firms for upcoming non-cleared initial margin regulation.
DTCC recently broadened the category of market participants accessing the Fixed Income Clearing Corporation’s (FICC) cleared repo service.
IHS Markit, Pirum Systems and Rabobank ran the test for reporting securities financing transactions to DTCC's trade repository.
The partnerships expand DTCC's support coverage for the incoming securities financing transaction regulation (SFTR).
LEI and UTI information will be required ahead of the SFTR deadline for large funds, according to an industry expert.
Three tier one banks sign up to DTCC's global trade repository (GTR) service for SFTR.
Panelists at AFME's Post-Trade conference in London argued T2S has failed to lower costs, enhance efficiencies, and overcome post-trade barriers.
The proposals aim to shift trading activity away from bilateral markets and towards central clearing.
The research explained how, for some firms, most settlement communications still occur through email instead of through secure networks.