Northern Trust will leverage machine learning to project demand for equities in the securities lending market and grow revenues.
Tag: securities lending
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.
Hire in Hong Kong sees JP Morgan tap BNP Paribas Securities Services for new APAC head of agency securities lending trading.
BNY said the transaction represents a major new route to market for its securities lending clients without the need to set up direct clearing membership.
IHS Markit, Pirum Systems and Rabobank ran the test for reporting securities financing transactions to DTCC's trade repository.
Move away from third-party provider reflects growth in automation.
The partnership will enable Standard Chartered to provide agency securities lending to both custody and non-custody clients.