BNY Mellon to give access to FICC sponsored cleared repo
The move will enable its institutional investor clients to invest in a wider variety of short-end investment products that they would not previously had access too.
Tag: FICC
State Street processes $140 billion of client-cleared repo transactions
State Street expects buy-side clearing of repo financing to increase significantly among mutual funds and money markets funds in the US.
Hedge fund Citadel executes cleared cash and repo trades through DTCC
DTCC recently broadened the category of market participants accessing the Fixed Income Clearing Corporation’s (FICC) cleared repo service.
DTCC proposes several enhancements to increase US Treasury clearing
The proposals aim to shift trading activity away from bilateral markets and towards central clearing.
DTCC wins approval to expand fixed income clearing for new sponsors
The expansion will also change how the service is used, with sponsors now able to let their clients trade with counterparties other than themselves.
RBC poaches BNY Mellon markets chief to lead FICC in the US
Highly regarded market structure expert to join RBC from BNY Mellon.