With the creation of the new standardised triparty basket dedicated to African sovereign
eurobonds, the firms aim to create an interbank flow market within the African repo market
TCN sits on J.P. Morgan’s Onyx Digital Assets, and operates as a private blockchain-based platform, which is used for tokenised asset movements including collateral settlement
The companies say the offering will increase post-trade efficiencies while providing clients with the benefits of an established risk management counterparty
Moderated by Steve Everett, head of business strategy and Post Trade Innovation at TMX, panellists agreed that the Canadian market requires improvements in the collateral space
Market participants gathered to attend the 14th annual Canadian Securities Lending Association conference in Toronto, where panellists discussed T+1 post go-live
The panel discussion, titled ‘Regulatory Discussion: Who is Drinking and Who is Paying?’, applied a Croatian phrase to the subject of regulations, typically denoting a confused and disorganised situation