Pirum, the fintech for securities finance and collateral management, has extended its CollateralConnect service integration with Euroclear’s triparty collateral management platform to support mutual clients’ collateral optimisation needs. The extended connectivity between Pirum and Euroclear allows mutual clients to direct collateral allocations to Euroclear’s triparty collateral management environment. To determine their optimal collateral allocation, mutual…
Category: Capital Markets
Citi & Fidelity conclude PoC
Citi and Fidelity International have run a PoC of an on-chain money market fund with a digital foreign exchange swap solution which delivers real-time settlement. This on-chain solution could enable investors to conduct seamless and real-time settlement of multi-asset positions in different currencies. The collaboration is under the aegis of Project Guardian, a Singapore-based collaboration…
Resona expands with BBH
BBH has expanded its relationship with Resona Asset Management Co. Ltd., an investment management firm based in Japan, to include InfoFX, BBH’s automated third-party FX solution. Resona is the first Japanese investment manager to implement InfoFX, a securities-based FX solution that enables automated FX order generation with execution netting capability. InfoFX supports FX orders across…
Artemis outsources trading to NTRS
Artemis, a UK-based asset manager with >GBP25.8bn (USD33.1bn) AuM, has appointed Northern Trust’s Integrated Trading Solutions to provide outsourced trading services. The appointment expands the capabilities to be provided by Northern Trust to Artemis. In 2023, Northern Trust was selected by Artemis to provide a range of services including investment operations solutions, fund administration, depositary,…
AmerX deploys SFCM
Americas Executions (AmerX), a full-service broker-dealer, has implemented Broadridge’s Securities Finance and Collateral Management (SFCM) platform to support its newly launched securities lending business. SFCM will enable AmerX to manage its securities lending operations, including collateral management, trade lifecycle management and risk assessment.
Pirum links with BNPP
Pirum, the UK fintech for securities finance automation and collateral management, has connected its exposure and collateral management solutions to BNP Paribas’ securities services business. As a result of the collaboration, mutual clients of BNPP’s triparty collateral services and Pirum now gain automated exposure and collateral management processing visibility, efficiency and transparency across their securities…
Pirum shakes up C-suite
Pirum, a fintech focused on securities finance and collateral management, has appointed Mark Hale as CEO. He replaces Phil Morgan, who has decided to transition from his current role into an advisory position. Hale will be based in the New York office but will be present in the London head office on a regular basis.…
Pirum hires for EMEA sales
Pirum, the fintech for securities finance and collateral management, has hired Jonathan Hodder to join the company’s origination sales team in EMEA. He joins from Transcend, where he led EMEA sales & business development.
Pirum expands into pre-trade space
Pirum, the fintech focused on securities finance and collateral management, has launched Pirum TradeConnect, a global, standardised and open pre-trade connectivity solution for equities and fixed income, fully integrated with Pirum’s established post-trade services. Pirum TradeConnect provides the ability to connect with any counterpart bilaterally, as well as directly with multiple venues, in any format,…
2Xideas adds to Northern Trust mandate
2Xideas AG has expanded its relationship with Northern Trust to include Integrated Trading Solutions (ITS). The Switzerland-based investment firm, with c. USD2bn in AuM, first appointed Northern Trust in 2022 as the firm’s fund accounting, financial reporting, transfer agency, custody, and depositary services provider. The firm currently manages four funds and several managed accounts, which…