OCC to revamp securities lending clearing tech with DLT
The clearing house has partnered with blockchain-specialist Axoni to develop the new system, and development is slated to begin in the second quarter of this year.
Tag: clearing
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.
LCH RepoClear brings on BNY Mellon as custodian for sponsored clearing service
BNY Mellon has taken an active role in promoting the cleared repo and securities lending markets to its buy-side clients globally.
LCH EquityClear goes live with LSEG post-trade tech platform
Migration to LSEG’s clearing and risk technology platform Millennium will reduce end of processing time for market participants.
European Commission sets up industry-wide group to solve clearing challenge for pension funds
New working group will look to solve complications for pension funds in providing cash collateral as variation margin.
RBC joins LCH RepoClear as clearing member
Royal Bank of Canada and its Channel Islands subsidiary have joined LCH RepoClear as clearing members for Euro and Sterling debt.
HSBC to combine markets and securities services divisions in major restructure
Bank to combine global markets and securities services businesses into a single unit, handing new roles to its two custody heads, Global Custodian understands.
CCPs clash over Brexit impact on euro clearing activity
Representatives from LCH and EuroCCP highlight contradicting trends they are seeing in clearing activity throughout Europe following Brexit.
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.
JP Morgan automates derivatives margin payments with DLT
JP Morgan has developed a DLT-based system alongside Baton Systems to speed-up and automate post-trade margin payments.