SGX unveils new securities settlement system
Singapore exchange to launch new securities settlement and depository framework on 10 December.
Singapore exchange to launch new securities settlement and depository framework on 10 December.
The DA platform processed more than four times the amount of trades per second than the latest DLT prototype developed by DTCC.
The move is the latest effort by custodians to expand into the front-office; however, Northern Trust is the first to take on certain trading activities for asset managers.
Credit Suisse has hired Terry Burke from CME Group as it continues to rebuild its US prime services division.
Exchange group expands partnership with HQLAx as it looks to build a blockchain-based solution for securities lending transactions.
Lee Waite, who previously led the division, was appointed chief executive officer of Citi’s Japanese securities and banking units in June.
MAS and SGX have been among the leaders in promoting the use of blockchain technology in financial markets.
The adoption of the new settlement system could significantly boost foreign investment into the Chinese domestic bond market.
The new appointments follow the promotion of Liz Nolan to chief executive officer for State Street’s EMEA business in November.
Northern Trust is currently providing accounting services for select clients that have a small portion of their assets in cryptocurrencies.