Settlement fails cited as major operational strain on banks’ middle-office teams
Nearly half of banks and brokers intend to change their middle-office system completely, according to the survey.
Tag: broker dealer
GPP appoints SGSS as settlement agent for clearing business
The partnership bolsters SGSS’ post-trade coverage for mid-tier broker-dealers in Europe.
Broker-dealers can reduce post-trade costs by 25% through automation, says DTCC
The spike in trade settlement fails across the US and Europe highlighted the urgency for post-trade automation.
Sanford C Bernstein selects BNP Paribas Securities Services as its settlement provider
Broker dealer extends partnership with BNP Paribas Securities Services to include settlement services across Europe.
Custodians awaiting key information from CSDs over buy-in procedures
Custodians are still waiting for vital information to work out exactly how the penalties are calculated under CSDR.
SGSS reshuffles leadership for banks and broker-dealer sales
SGSS has promoted two of its senior sales executives to lead strategy and relationship management for two key client segments.
Paxos teams up with Credit Suisse and Instinet to launch blockchain settlement system
In launching the service, the platform will allow for the simultaneous exchange of cash and securities between broker-dealers to settle US listed-equities trades.
BNY Mellon’s Pershing recruits SGSS’ Duffin for new EMEA sales role
Pershing has recruited two new sales directors who will be tasked to support its ambitious growth strategy for Europe.
BNY Mellon’s Pershing chief Lisa Dolly to step down
Lisa Dolly announces intentions to step down as CEO of Pershing after more than three years in the role.
HSBC recruits sell-side custody and clearing veteran for new global role
The appointment is the latest in a string of moves for HSBC Securities Services as it increases its focus on the banks and broker-dealer segment.