LCH gains approval to act as CCP in Mexico
Banco de México grants approval for LCH to act as CCP for Mexican-domiciled market participants.
Post trade
Industry heavyweights partner for blockchain margin and collateral service
Nasdaq, EuroCCP, Euroclear and ABN AMRO Clearing use blockchain for collateral processes in ‘breakthrough for CCP model’.
Cinnober promotes senior financial advisor to CFO
Peter Lenardos joined Cinnober in April as a senior financial advisor from Royal Bank of Canada.
AI post-trade derivatives platform launches after first buy-side transaction
Trades by JP Morgan and Citadel processed by ‘no-touch’ platform designed to remove post-trade manual processes.
Citi clears first buy-side SONIA trade on CurveGlobal
CurveGlobal launched three-month Sterling Overnight Index Average (SONIA) futures earlier this year.
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.
Dutch State Treasury Agency taps Eurex for IRS swaps clearing
Dutch State Treasury Agency to begin clearing interest rate swaps through Eurex Clearing by the end of 2018.
ICE Clear Europe CDS sales director joins LCH
Michael Amakye joins LCH as head of CDS sales following a six year stint at ICE Clear Europe.
CloudMargin gains $10 million funding from Jefferies and IHS Markit
CloudMargin wins major investment and expands business partnership with IHS Markit.