Morgan Stanley and Dutch Pension fund PGGM are in the final stages of testing to become the first to use the EquiLend Clearing Services connectivity to access Eurex Clearing’s securities lending CCP.
Zirpolo held senior securities lending roles at Cantor Fitzgerald and Cowen Group.
For the first time, trade reporting requirements will be imposed on repos and other securities financing transactions.
Deutsche Boerese and FinTech firm HQLAX will jointly use R3's blockchain technology for the securities lending platform.
Goldman Sachs partnered last year with Fidelity Custody and Clearing Solutions to provide securities lending services to smaller-sized clients.
The mandate will also include accounting and reporting, compliance monitoring, benefit disbursements, and cash sweep services.
The addition of PGGM as its first buy-side member could significantly increase cleared securities lending volumes.