HQLAᵡ, Clearstream and Eurex Repo have collaborated to facilitate intraday DvP repo transactions using DLT in the ECB trials. The ECB trials are part of the Eurosystem exploratory work on new technologies for wholesale central bank money settlement, with trials denoting production transactions using real securities and cash. The transactions took place between Goldman Sachs…
Category: Collateral
Cboe to clear European SFTs
Cboe Clear Europe, the pan-European clearing house, has received regulatory approval to clear European securities financing transactions (SFTs), granted by De Nederlandsche Bank and the Autoriteit Financiële Markten. With this approval, Cboe Clear Europe is set to introduce a first-of-its-kind service for European SFT transactions in cash equities and ETFs, which includes central clearing, settlement…
BNY integrates collateral platforms
BNY has integrated its LendingLite service with its new CollateralOne for buy-side platform, which expands its triparty offering for the buy-side by connecting clients to other areas of BNY’s ecosystem, helping clients centralise how they manage their collateral and financing activities, while providing the option of specials-only lending. Connecting BNY’s LendingLite service with the CollateralOne…
Northern Trust upgrades with CloudMargin
Northern Trust has launched an enhanced active collateral solution designed to help institutional investors manage their collateral more efficiently while meeting the demands of market change. The capability, delivered in collaboration with CloudMargin, a collateral management fintech, will provide enhanced service capabilities, increased transparency on a real-time basis and platform resiliency. This includes automated asset…
Pirum extends Euroclear linkages
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…
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 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,…
Kohli joins Pirum
Pirum, the UK-based fintech focused on securities finance and collateral management, has appointed Amit Kohli as EMEA key account management director. He joins from KPMG, where he helped to build the firm’s capital markets consulting business.
HSBC leads funding round for HQLAᵡ
HQLAᵡ has closed a Series C investment round led by HSBC, with participation from existing shareholders including BNP Paribas, BNY Mellon, Citigroup, Deutsche Börse Group, Goldman Sachs and J.P. Morgan. As part of HSBC’s investment, Jamie Anderson, head of collateral treasury trading at HSBC, will join the HQLAᵡ board of directors. HQLAᵡ is fintech that…
Pirum hires for North America
Pirum, the post-trade services fintech specialising in the securities finance sector, has hired Mark Jennis to lead business development for CollateralConnect in North America. Jennis was previously at Transcend, a provider of liquidity, funding, and collateral optimisation solutions.