ABN Amro confirms $200 million hit from client’s failed margin call
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.
Post-Trade
ASX forced to delay rollout of post-trade blockchain system
The ongoing coronavirus pandemic forced ASX to rethink the launch of its new blockchain-based post-trade settlement system.
CloudMargin expands senior team with new client services head
Clearstream veteran Miriam Marascio has joined CloudMargin to oversee onboarding, support and relationships with clients.
Eurex expands OTC clearing services to Japan with Citi
Following regulatory approval for the launch at Eurex, Citi will extend cleared swap connectivity to clients in the Japanese market.
JPX launches pilot for DLT post-trade information platform
Trust banks, asset managers, and other securities services providers have been invited by JPX to participate in the test.
DTCC veteran and senior European regulatory expert departs
Tony Freeman has overseen the regulatory agenda for DTCC and its Omgeo subsidiary for more than 15 years.
Cobalt adds Standard Chartered to expanding shared ledger network
Cobalt has confirmed that Standard Chartered is the latest institution to automate FX post-trade processes using its shared ledger platform.
Liontrust expands partnership with BNY Mellon to automate investment operations
Latest agreement follows Liontrust’s move to outsource its fund services operations to BNY Mellon in 2018.
CME’s TriOptima sets up custodian connectivity through SWIFT automation
TriOptima’s triResolve Margin collateral management service can connect clients to the SWIFT custody network for cash transfers and securities settlement.
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.