The Depository Trust & Clearing Corporation and CME Group have extended their cross-margining arrangements for the benefit of mutual clients that clear US treasuries and CME Group interest rate futures
The daily balances reached on the platform represent the trading activity of global financial institutions that use GLMX technology to negotiate and execute securities financing transactions
The sector generated US$7.02 billion in securities lending revenue during H1 2023, nearing heights not seen since 2008, according to S&P Global Market Intelligence’s Matthew Chessum
The American financial services firm has announced the new capabilities as part of its transition from LIBOR to SOFR, offering users near-term protections from higher interest rates
The analytics and decision-making firm will combine its expertise in analytics with The Tonic Consultancy’s broad experience in collateral management, post-trade, inventory management, market risk, and x-value adjustment
The European authority has released a public statement highlighting the risks of securities lending in regards to retail client financial instruments, and how MiFID II rules apply to protect investors
These amendments, the SEC says, are designed to reduce the risk of investor runs on MMFs during periods of market stress by boosting MMF liquidity, improving transparency and reinforcing anti-dilution practices
Clearstream’s global securities financing business recorded a 15 per cent YoY increase in volumes outstanding to €681.1 billion for June, according to recent monthly figures
This establishes a multi-year collaboration between US financial technology group Nasdaq and B3, drawing on Nasdaq’s expertise in delivering real-time clearing solutions to more than 30 clearing houses globally
