SIX’s Collateral Cockpit will link fragmented front and back-office systems and provide control over collateral management functions.
State Street expects buy-side clearing of repo financing to increase significantly among mutual funds and money markets funds in the US.
DTCC recently broadened the category of market participants accessing the Fixed Income Clearing Corporation’s (FICC) cleared repo service.
Industry welcomes consultation paper which addresses which securities financing transactions will be reportable for incoming regulation, among other aspects.
The transaction immediately follows the recent regulatory approval for DTCC to expand the DTCC its sponsored service clearing programme.
Eurex now has 28 participants signed up to the repo partnership programme including JP Morgan, Deutsche Bank and Morgan Stanley.
The two associations found that post-crisis regulations have had a profound impact on banks’ SFT businesses and could detrimentally impact the securities lending market.
Major investment banks including Citigroup and JP Morgan sign up to use the Eurex clearing profit scheme for repo as Brexit looms.
De Vidts, who has served in the financial markets since 1972, was one of the pioneers of the international and tri-party markets in the mid-1990s.
The enhancements include a direct buy-side access link with LCH RepoClear, added tri-party repo services, and a new collateral optimisation tool.