Euronext to acquire Danish CSD to bolster post-trade business
Deal for VP Securities will give the European exchange group a CSD presence in the Nordics and boost its post-trade offering.
BNP Paribas teams up with BlackRock to bolster front-to-back offering
Agreement between custodian and asset manager will include BNP Paribas using Aladdin to perform middle-office outsourced services.
ESMA rejects industry calls for changes to CSDR buy-in regime
Watchdog rejects appeal for an overhaul of key pillars of CSDR from over a dozen concerned trade bodies, including the Investment Association.
Banks see demand for outsourced trading desks surge during pandemic
The global pandemic is likely to cause a spike in outsourcing and according to custodian banks the biggest trend so far has been towards their outsourced trading services.
Sell-Side
From the front line to the front-office
Sam McGrath is a highly-decorated former Paratrooper, elite ultra-marathon runner, father of four, author and managing director at Standard Chartered, where he operates in the front-office of the investment banking division. Here he talks with Jonathan Watkins about how the military life, a disciplined regime and strong mindset has shaped his life.
UK may not adopt CSDR buy-in regime post-Brexit
Industry experts believe the UK may decide not to adopt one of the most controversial aspects of the new settlement regulation post-Brexit.
Citi shifts European leadership role to Frankfurt in post-Brexit move
Kristine Braden becomes head of the Europe Cluster and CEO of Citigroup Global Markets Europe amid leadership reshuffle.
Europe
LSEG still ‘on track’ to close Refinitiv deal later this year, says CEO
London Stock Exchange Group chief says Refinitiv deal is on track to close in the second half of the year, as annual results read well for bourse.
Seth Merrin steps away from CEO role at Liquidnet
The name most synonymous with the meteoric rise of Liquidnet over the past two decades steps down as CEO, with company president promoted to helm.
Credit Suisse and Instinet go live with Paxos blockchain settlement system
In launching the service, the platform will allow for the simultaneous exchange of cash and securities between broker-dealers to settle US listed-equities trades.