BNY Mellon creates new head of strategy role
Since joining BNY Mellon in the summer of last year, CEO Charles Scharf has highlighted a number of new strategic goals for the bank.
State Street hires FX prime brokerage expert to build out trade services
FX prime brokerage expert joins State Street in a newly created role from Standard Chartered in London.
DTCC rolls out Brexit plan with new Dublin office
DTCC is the latest post-trade market infrastructure planning to move its European operations from London to Ireland.
Buy-Side
Buy-side voluntary clearing set to take off
Regulation and collateral costs have made the cleared derivatives market much more attractive for the buy-side. Joe Parsons asks what else will it take for them to voluntarily take part?
Societe Generale launches fixed income service for broker-dealers
The new fixed income clearing and settlement offering was developed as part of SGSS’ ongoing work with Accenture Post-Trade Processing.
ESMA denies pension funds extended clearing exemption
Pension funds will have to begin clearing OTC derivatives contracts on 17 August 2018, despite calls for a third extension.
Nomura becomes first crypto custody bank
Institutional investors have held back from large-scale investing in cryptocurrencies due to lack of certainty around storage and security of digital assets.
HSBC partners with asset manager for fixed income ETF platform
HSBC will provide fund administration, depositary and custody services to Tabula’s new ETF platform.
Deutsche Bank to shrink rates trading team and review global equities business
Deutsche Bank’s plans will involve a significant reduction in headcount across the US and Asia.
The road ahead
Vikram Limaye, CEO of India's National Stock Exchange (NSE) outlines his vision of where the Indian markets need to focus in the sort to medium-term.