Completion of the first repo transaction based on delivery versus payment using distributed ledger technology.
Nivaura launched in 2016 and focuses on providing blockchain technology for issuance processes.
The plan was highlighted as one of HKEX’s top strategic priorities in order to cater for the needs of Mainland China and international investors.
The pension fund will act as a pilot fund for State Street and is the first to migrate its FX settlement to CLS in Japan.
The move will bring it in line with other Latin American (LATAM) markets that have already made the transition to a T+2 settlement cycle.
US custodian in ongoing settlement talks with regulator after first proposal was rejected for being 'too low'.
Baillie Gifford has chosen software specialist corfinancial to help automate its post-trade processing and settlement.
The introduction of Japanese funds onto the FX settlement service follows a multi-year effort to onboard the Japanese buy-side community to CLSSettlement.
Clearstream recorded an increase of 7.5% for total revenues at €718 million, driven by net income from its banking business.
Global Custodian looks at the recent MOUs’ between the UK and EU financial regulators and their implication for securities markets.