A client could not meet margin calls on US options and futures trades, forcing ABN Amro to close-out the position and take a $200 million loss.
The ongoing coronavirus pandemic forced ASX to rethink the launch of its new blockchain-based post-trade settlement system.
Clearstream veteran Miriam Marascio has joined CloudMargin to oversee onboarding, support and relationships with clients.
Following regulatory approval for the launch at Eurex, Citi will extend cleared swap connectivity to clients in the Japanese market.
Trust banks, asset managers, and other securities services providers have been invited by JPX to participate in the test.
Tony Freeman has overseen the regulatory agenda for DTCC and its Omgeo subsidiary for more than 15 years.
Cobalt has confirmed that Standard Chartered is the latest institution to automate FX post-trade processes using its shared ledger platform.
Latest agreement follows Liontrust’s move to outsource its fund services operations to BNY Mellon in 2018.
TriOptima’s triResolve Margin collateral management service can connect clients to the SWIFT custody network for cash transfers and securities settlement.
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.