Mitsubishi UFJ Trust and Banking’s (MUTB) global securities lending solutions group has established a securities lending cash management partnership with Fort Washington Investment Advisors (FWIA), the investment arm of Western & Southern, a financial services company and life insurance group. FWIA will be MUTB’s preferred provider for clients that require a separately managed account for…
Category: Capital Markets
MUFG hires from Citi for APAC push
MUFG Investor Services, has appointed Fi Dinh as head of fund finance for the APAC region. She joins from Citi Private Bank, where she led a portfolio of private equity fund finance relationships and directed the ESG-linked financing initiative for the business globally. In her new role, Dinh will focus on expanding the fund financing…
Fnality & HQLAx complete DVP repo PoC
Fnality and HQLAᵡ have completed the first PoC DvP repo settlement across the Fnality Payment System (FnPS) and HQLAᵡ’s Digital Collateral Registry, bridging the DLTs of Enterprise Ethereum and R3 Corda. The proof of concept was supported by the project participants – Banco Santander, Goldman Sachs and UBS – and achieved by connecting HQLAᵡ with…
State Street launches new P2P platform
State Street has launched a new peer-to-peer financing platform, Venturi, specifically designed to connect buy-side firms with new sources of liquidity in the global repo space. Venturi, built through a partnership with FinOptSys, a fintech focused on the securities financing market, supports trade negotiations and enhances trade settlement and collateral management, allowing traders to better…
Harvest appoints State Street for CNY hedging
State Street has been appointed by China’s Harvest Fund Management Co Ltd. to provide onshore CNY FX hedging services for their Qualified Domestic Institutional Investor (QDII) investment funds. State Street has a long-term partnership with Harvest, having provided the firm with a range of investment services since 2010. State Street provides onshore CNY FX liquidity…
Saphyre moves into securities lending
Saphyre, the fintech that provides an AI-driven pre-trade and post-trade platform, is moving into the securities lending space. The company’s interoperable onboarding platform aims to help lenders and borrowers to remove the bottlenecks created by legacy systems. Saphyre says that, by automating the onboarding process, institutions can reduce the potential for errors, increase the speed…
Capitolis and State Street launch FX post-trade optimisation
TradeNeXus, a GlobalLink digital platform for FX transactions which is part of State Street’s digital division, has partnered with Capitolis, a fintech focused on capital markets, to launch an automated post-trade solution to optimise portfolios. With this integrated offering, buy-side firms can use TradeNeXus to automate data submission and access Capitolis’ analytics tools to scan…
State Street adds FundGuard to Alpha platform
State Street has selected FundGuard to deliver a strategic accounting solution for State Street Alpha. FundGuard is a scalable cloud-native investment accounting, fund accounting, and contingency NAV solution. The FundGuard accounting solution will be integrated for STP from portfolio management and trading in the Charles River Investment Management Solution through to custody and administration. A…
HQLAx pioneers cross-DLT repo trade
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…
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…