ETF settlement fails remain high while ESMA flags stablecoin risks
Watchdog’s latest TRV Risk Monitor report links fail spikes to heightened trading activity in the wake of rapidly-changing US trade policies.
News
Alchelyst and Lyra Client Solutions complete merger
Joan Kehoe, founder and CEO of Alchelyst and former global head of alternative investment services at JP Morgan, will lead the combined company.
Proxymity enables digital voting for German issuers through Breukel tie-up
Several issuer agents have already adopted the solution, representing more than one third of all annual general meetings by German issuers.
State Street mandated by LME Clear as cash investment agent
Mandate will see the custodian support the clearing house’s cash reinvestment activity through global agency repo services.
Northern Trust mandates ICE ETF Hub to support US ETF servicing launch
Agreement will see ICE platform used for ETF primary market order workflows as Northern Trust builds out its US institutional ETF servicing capability.
State Street appoints former Google executive as chief data and AI officer
Executive joins from Google Cloud and previously held senior data and analytics roles at Bank of America, Merrill Lynch and KPMG.
BNY appoints new COO of wealth solutions
Executive previously served as COO of BNY Markets and has held senior roles at Deutsche Bank, JP Morgan and Deloitte.
RBC Investor Services participates in Canadian DLT bond issuance trial
Project Samara sees RBC, Bank of Canada, EDC and TD complete tokenised bond issuance and settlement using central bank money.
Citi issues digitally native structured note on Euroclear DLT platform
Transaction marks first wealth management structured note on Euroclear’s D-FMI distributed ledger infrastructure.
Euronext approves Clearstream and Euroclear as alternative venues for new settlement model
Announcement brings some much-needed clarity after Euronext’s plan to designate its own CSD as the default settlement venue was met with criticism from rivals.