The platform could serve as a significant boost to State Street’s position as an alternative to the bulge-bracket prime brokers in the securities lending market.
Tag: securities lending
Collateral mobility system simulated transactions by several global banks including Commerzbank and ING, and confirms launch date.
Trades that get rejected for not having an issuer LEI could mean the amount of acceptable collateral could drop.
New lending exchange claims its delivering a ‘critical piece of financial markets infrastructure to the crypto economy’.
The Asia-Pacific region has become an important area of growth for Northern Trust to introduce new capital markets products.
The Los Angeles County Employees Retirement Association has used State Street and Goldman Sachs as its two securities lending partners.
Northern Trust will leverage machine learning to project demand for equities in the securities lending market and grow revenues.
The lawsuit accused the six banks and their prime brokerage divisions had colluding to ‘boycott’ an electronic securities lending trading platform.
The decline means another disappointing quarter for the world’s largest global custodian as asset servicing revenues fell 8% year-on-year.