Nick Delikaris, former head of digital finance trading at Coinbase, has re-joined State Street as global head of automation, analytics and platform services for Financing Solutions
This is the fourth penalty applied by the UK regulator and the largest that it has applied to date relating to div arb violations. MCM qualified for a 30% reduction under the Settlement Discount Scheme since it did not dispute the FCA's charges
The New York-based provider of electronic trading for rates, credit, equities and money markets indicates that average daily trading volume across all asset classes for the month of May has risen 14.1 per cent YoY to US$1.35 trillion
With the Bilateral SLB facility, securities lending and borrowing transactions will become 鈥渋ncreasingly regular and fair鈥, according to IDClear, and is designed to allow market participants to optimise all securities that are eligible for transactio
Drawing on quantitative data from recent liquidity shocks, a BoE working paper evaluates how wider central clearing could extend dealers鈥 capacity to intermediate repo markets
The total securities lending volumes cleared on the Options Clearing Corporation (OCC) platform have increased 4.4 per cent year-on-year to 212,269 trades for May 2023
With the addition of two new modules to its digitised dealing workflow platform, the Financial Resource Management Optimiser and Total Return Swaps Cash Flow Management solution, Wematch aims to deliver greater efficiency to sec finance trading
The global securities finance industry delivered US$1.06 billion in lending revenue in May 2023, a small rise on the US$1.05 billion in revenue generated for lenders during April 2023
A lack of discussion between all market participants on securities lending recall cutoff times has become a main concern during the move to T+1, according to Mathilda Yared, managing director of global securities finance at National Bank of Canada