All industry news

StoneX extends its UK institutional prime solution

07 June 2023 UK
Reporter: SFT

The US prime broker and FCM has strengthened its team in London with the appointment of Gary Clifford-Newman to drive cross-asset sales and James Barten, who becomes head of EMEA securities finance

Citi releases automated settlement upgrades in Hong Kong

07 June 2023 Hong Kong
Reporter: SFT

This proprietary solution links directly to Hong Kong’s central clearing and settlement system and will support demand for faster settlement to drive collateral management efficiency, settlement confirmation reporting and other gains in post-trade

Repo ADV on Tradeweb climbs 11.9% YoY for May

06 June 2023 US
Reporter: SFT

The New York-based provider of electronic trading for rates, credit, equities and money markets indicates that average daily trading volume across all asset classes for the month of May has risen 14.1 per cent YoY to US$1.35 trillion

Indonesia’s IDClear launches Bilateral Securities Lending and Borrowing facility

06 June 2023 Indonesia
Reporter: Carmella Haswell

With the Bilateral SLB facility, securities lending and borrowing transactions will become “increasingly regular and fair”, according to IDClear, and is designed to allow market participants to optimise all securities that are eligible for transactio

Bank of England research highlights benefits of central clearing in gilts repo markets

05 June 2023 UK
Reporter: Bob Currie

Drawing on quantitative data from recent liquidity shocks, a BoE working paper evaluates how wider central clearing could extend dealers’ capacity to intermediate repo markets

OCC cleared securities lending volumes rise 4.4% YoY for May

05 June 2023 US
Reporter: Carmella Haswell

The total securities lending volumes cleared on the Options Clearing Corporation (OCC) platform have increased 4.4 per cent year-on-year to 212,269 trades for May 2023

Wematch launches new digital workflows for trade desks

02 June 2023 UK
Reporter: SFT

With the addition of two new modules to its digitised dealing workflow platform, the Financial Resource Management Optimiser and Total Return Swaps Cash Flow Management solution, Wematch aims to deliver greater efficiency to sec finance trading

Global securities lending revenue up 15% YoY for May, reports DataLend

02 June 2023 US
Reporter: SFT

The global securities finance industry delivered US$1.06 billion in lending revenue in May 2023, a small rise on the US$1.05 billion in revenue generated for lenders during April 2023

Lack of market discussions on recall cutoffs a “main concern” for T+1 move, says Yared

01 June 2023 Canada
Reporter: Carmella Haswell

A lack of discussion between all market participants on securities lending recall cutoff times has become a main concern during the move to T+1, according to Mathilda Yared, managing director of global securities finance at National Bank of Canada

Securities lending revenues highest in 5 years for Q1 2023, says EquiLend

01 June 2023 Canada
Reporter: Carmella Haswell

Securities lending revenue for Q1 2023 was the highest generating quarter since 2018, according to Matthew Ross, associate director of EquiLend Data and Analytics Solutions

Clearstream and Proxymity launch digital general meeting service

30 May 2023 Luxembourg
Reporter: Carmella Haswell

The service is planned to go live by the end of the year and will use Proxymity’s Vote Connect service to deliver to German and Luxembourg markets

TMX collaborates with Clearstream to release new Canadian collateral management service

24 May 2023 Canada
Reporter: Bob Currie

The CCMS collateral solution is targeted for Q3 2023 and will deliver improved automation, optimisation and collateral mobilisation, while bringing domestic triparty repo to the Canadian market for the first time

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