EquiLend, the securities finance technology firm, has agreed with Broadridge Financial Solutions to facilitate STP to the NSCC’s CCP for equity securities finance transactions. The new service will deploy EquiLend’s liquidity sourcing options and allow clients to trade and automatically submit via Broadridge’s newly launched SFT Submission Service, which provides the market with the capability…
Category: Product
Citco to open in Puerto Rico
Citco, the specialist alternatives administrator with USD1.8trn AuA, has chosen Mayagüez, Puerto Rico, as its latest base for a client support centre. Citco says it has chosen Puerto Rico due to its broad availability of educated professionals in the financial sector. The Mayagüez office, which will open in 2024, will be led by Colin Johnson,…
BNPP deploys AI-driven virtual agent
BNP Paribas’s securities services business has launched a virtual agent, NOA (NextGen Online Assistant), on its client services portal, NeoLink. NOA deploys the latest cognitive technology from Amelia, a U.S.-based provider of enterprise conversational AI. Leveraging Amelia’s advanced machine learning for context recognition, NOA helps clients find the information they need quickly and efficiently. NOA…
Citco opens new Guernsey office
Citco, the specialist asset-servicing provider to the alternative investment sector, has opened a new office in Guernsey, focusing on private equity and private credit. Citco opened its first Guernsey office in 2014.
Citi hires senior manager from Morgan Stanley
Vibhor Singh has joined Citi as head of data products and platforms for the securities services business. He joins from Morgan Stanley, where he led data strategy and execution for Morgan Stanley Wealth Management. Joe Bonanno, global head of data, digital & innovation, joined from Morgan Stanley Wealth Management in 2022.
Clearstream partners with Consort1
Clearstream has partnered with Consort1, a fintech specialising in repo and securities lending, to enable the placement of secured deposits as tri-party custody agent. The placement was done in collaboration with Standard Chartered Bank, NatWest, Alpha Group, BankClarity, and Arlingclose, with Gloucestershire County Council being among the first UK local authorities to use the new…
State Street upgrades ETF E2E service
State Street has expanded its Alpha front-to-back asset servicing platform to support the entire ETF lifecycle with front, middle and back-office capabilities, underpinned by the State Street Alpha Data Platform. The new offering integrates Charles River Development’s front office products with State Street’s ETF servicing capabilities to deliver end-to-end processing for ETF issuers across the…
J.P. Morgan adds sustainable investment data to Fusion
J.P. Morgan Securities Services has launched sustainable investment data solutions for institutional investors, available through Fusion, its data, analytics and reporting platform. These solutions will enable investors to extract value from sustainable investment data supplied by providers through normalisation, management, calculation, and screening capabilities. The solutions provide access to normalised data across providers while offering…
Citi upgrades HK settlement
Citi has launched a fully automated settlement solution in Hong Kong. The proprietary technology connects directly to Hong Kong’s central clearing and settlement system (CCASS). The automation delivers more timely and enhanced settlement of client trades through the Hong Kong market depository.
Northern Trust launches A-Suite forum
Northern Trust has launched A-Suite, a forum for asset owners and allocators featuring the latest insights, research, and networking opportunities, A-Suite is an online community and content hub designed for asset owners to collaborate on the issues that matter most to them. In addition to providing access to custom content and proprietary research, A-Suite aims…