HQLAᵡ, J.P. Morgan, Ownera and Wematch have successfully tested the technical feasibility of executing a DvP repo transaction across two different DLT platforms at HQLAᵡ and J.P. Morgan. The test showed how rights to securities, recorded in digital collateral records (DCRs) on the HQLAᵡ ledger, and digital cash, recorded at J.P. Morgan, could be recorded…
Category: Capital Markets
BNY Mellon and Pirum launch optimisation service
BNY Mellon and Pirum, a fintech specialising in trading markets, have launched a joint optimisation service to offer collateral providers margining, risk management and inventory management to drive improved risk/return outcomes. The solution, ECPOConnect, combines BNY Mellon’s collateral management service, ECPO, which optimises more than USD4trn in assets globally, with Pirum’s CollateralConnect platform, a SaaS…
BNY Mellon adds ESG ratings to sec lending program
BNY Mellon has launched enhancements to its securities finance platform to help clients analyse their agency securities lending program alongside their sustainability goals. Delivered through an interactive dashboard, clients can apply ESG scores based on third-party data across their lendable portfolio, collateral and cash investments to help them evaluate alignment with their individual ESG goals.…
SS&C partners with Coinbase
SS&C Eze has partnered with Coinbase to offer clients access to Coinbase Prime, an institutional platform for digital assets. With the partnership, traders using Eze Investment Suite can manage their crypto trading processes in one place, from pre-trade compliance to custody. Coinbase Prime is a platform built specifically for institutions providing secure custody, smart order…
State Street’s GlobalLink goes digital
State Street has upgraded GlobalLink, a suite of digital multi-asset trading solutions, with the launch of GlobalLink Digital. The new service enables customised workflows, and a seamless user experience across the full suite of GlobalLink solutions and third-party partners. GlobalLink Digital’s functionality has been designed to enhance services, solutions and automation, allowing institutions and applications…
Yomoni outsources to SGSS
SGSS has been chosen by Yomoni, a France-based investment management company, for its I-DEAL execution and trading solution, a fully outsourced trading desk that covers the entire value chain for all asset classes and markets. Founded in 2015 and regulated by the AMF, Yomoni offers online savings management for individuals, with EUR687m (USD660m) AuM. Alexis…
HQLAx collaborates with Wematch
HQLAᵡ, the distributed ledger for securities finance and repo, and Wematch, a fintech company offering web-based tools and solutions to enhance the dealing process, has formed a collaboration to enhance the mobility of collateral assets in securities finance transactions. This will pave the way for any of the 90 legal entities and 900 traders already…
Northern Trust recommits to FX Global Code
Northern Trust has renewed its statement of commitment to the FX Global Code. By renewing the statement, Northern Trust is committed to adhering to the code and its principles when acting as a market participant in the foreign exchange market. The FX Global Code is a set of principles of good practice in the FX…
Arcesium partners with Fund Connect
Arcesium, a U.S.-based investment services fintech and administrator, has partnered with State Street Fund Connect, a global trading and analytics platform, to provide mutual clients with a consolidated view of their cash portfolios and a single point of access to multiple markets and fund providers. With the support of Arcesium’s Treasury Suite and Fund Connect’s…
BNY Mellon and Goldman Sachs settle first HQLAᵡ agency securities lending trades
BNY Mellon and Goldman Sachs have successfully completed the industry’s first agency securities lending transactions using the HQLAᵡ distributed ledger technology (DLT) platform. As part of the combined series of 35-day term transactions, HQLAᵡ created ISIN-level securities trackers called digital collateral records (DCRs) from loaned securities it received from BNY Mellon, giving Goldman Sachs a…