Citi’s former head of Hong Kong securities services joins HKEX
Cindy Chen will oversee the post-trade business development team, as well as the blockchain project HKEX is working on with Digital Asset.
Cindy Chen will oversee the post-trade business development team, as well as the blockchain project HKEX is working on with Digital Asset.
DTCC recently proved it is capable of processing 115,000,000 trades daily, or 6,300 trades per second for five continuous hours, on a DLT platform.
HKEX will trial the technology to help complete post-trade allocations and processing for northbound trades under Stock Connect within a tight settlement window.
Discussions around data helping illiquid instruments trade more effectively conjure up worries about what the future of passive investing and what it means for post-trade providers.
The service will streamline corporate actions, dividend and coupon processing across asset classes, business lines and regions.
The involvement of CSDs in a governance and operational role could help increase trust of investors, and raise the quality of the crypto-trading ecosystem.
Tom Carey previously led the combination of all of Broadridge’s international technology businesses into a single integrated unit earlier this year.
Panelists argued an organisation from outside the asset management industry could pull buy-side firms together.