Euroclear has entered into exclusive negotiations to acquire Uptevia, a France-based corporate trust services provider. Uptevia is currently jointly owned by BNP Paribas and CACEIS. Through Uptevia, Euroclear will add specialist issuer capabilities and reinforce its position in the French market, complementing its existing market infrastructure and post-trade services across key European markets, including Belgium,…
Category: Capital Markets
NSCC moves to 24/5 clearing
NSCC, a subsidiary of DTCC, has extended its clearing hours to 24×5 availability, from Sundays at 8:00 PM ET to Fridays at 8:00 PM ET, supporting overnight trading activity from alternative trading systems (ATS) and exchanges. The move enables NSCC to apply its central counterparty guarantee immediately to transactions executed across extended trading hours and…
Euronext and BNY collaborate
Euronext, the European capital markets infrastructure, and BNY are collaborating to enhance the collateral management capabilities of Euronext Clearing across asset classes, notably for cleared repo. By leveraging BNY’s collateral infrastructure and USD7.8trn liquidity pool, this collaboration will enhance the collateral management capabilities of Euronext Clearing, enabling members to manage their cleared activity more efficiently, including…
Broadridge & Digital Asset invest in HQLAx
Broadridge and Digital Asset have made minority investments in HQLAX, a provider of digital collateral mobility solutions, through its Series C‑1 funding round. The investment will support HQLAX’s next phase of growth, including the continued evolution of its technology platform, collaboration with Broadridge’s Distributed Ledger Repo platform, and a planned migration to the Canton Network.
BNPP extends Auto FX service
BNP Paribas’ securities services business has extended its multi-custodian third-party Automated FX service to continental Europe. La Financière de l’Échiquier, a European asset manager with EUR28bn (USD33bn) AuM, is the first client in France to benefit from the bank’s third-party FX solution, covering all 40 of its French funds.
Northern Trust adds Berenberg to currency hedging service
Northern Trust has added Berenberg to its framework of dynamic currency hedging solutions, enabling Northern Trust’s clients to incorporate third-party currency management strategies, such as Berenberg’s AI based models, into their range of risk management choices. Berenberg is one of Europe’s oldest banks and is among the leaders in applying AI to financial markets. Its…
Euroclear launches DVP repo service
Euroclear has launched a U.S. Treasury DVP repo service. The new solution is designed for U.S. Treasury repo market participants operating in the U.S. settling USD transactions. The first trade was completed between Euroclear Bank and Toronto Dominion Bank London. The service offers cash lenders similar operational efficiency for DVP repo transactions as triparty repo…
OCBC deploys Citi’s sec lending platform
OCBC Group, the Singapore-based bank, has deployed the Citi Securities Lending Access platform, to roll out a securities lending programme. The programme is available to retail and corporate customers of OCBC Securities, as well as clients of its private banking arm, Bank of Singapore,
Pirum strengthens origination teams
Pirum, the fintech focused on the securities finance and collateral management sector, has hired Andrew Miller as head of origination, NAM, and Charlie Wallis as director of origination, EMEA. Based in New York, Miller joins Pirum from AccessFintech. Wallis, based in London, joins from LSEG.
Pirum appoints CPO
Vinod Bhaskaran has joined Pirum as chief product officer. He joins from Nasdaq Calypso, where he was head of product management.