People Moves Monday: Principal Asset Management, OSTTRA and Citadel Securities
The past week has seen various moves across equities and FX.
Post-Trade
EquiLend to support Al Rajhi Capital’s securities finance build out
The collaboration will provide an end-to-end solution for Al Rajhi Capital, including post-trade, data and trading, and is set to build out the securities finance footprint in Saudi Arabia.
TransFICC clients to incorporate Propellant’s post-trade transparency data into their existing trading workflows
The move also aligns with the upcoming launch of the UK consolidated tape for bonds, set to go live on 22 June, and will support firms looking to connect and prepare for the tape's impact.
BNY to provide triparty collateral services for Euronext Clearing’s expanding repo offering
Collaboration aims to boost capital efficiency and collateral optimisation as demand for cleared repo grows across Europe.
AST to publish T+1 settlement rate targets ahead of UK transition deadline
Taskforce to use rolling three-month CREST settlement averages to establish post-implementation benchmark from October 2027.
Euronext begins testing phase for pan-European CSD expansion
BNP Paribas, Citi and CACEIS back initiative to streamline settlement and custody across EU markets.
OSTTRA to boost investment management offering with HUB acquisition
The move will complement OSTTRA’s existing solutions, which include buy-side trade processing, and will provide clients with greater access to automated, real-time oversight and streamlined operations.
Africa’s second largest stock exchange unveils new futures market and CCP for Moroccan markets
Bourse de Casablanca’s launch is set to support the development of Morocco’s financial ecosystem, and will initially support futures contracts on the MASI.20 index, with further instruments set to follow in the future.
BNP Paribas, Crédit Agricole CIB and Natixis CIB go live on CLS’ cross currency swaps service
Move is set to enable multilateral netting across FX transactions, and marks an expansion of CLS’ PvP settlement offering.
FIX Trading Community ramps up calls for regulatory changes on UK consolidated tape and transaction reporting
The proposals span post-trade transparency and simplified reporting concerns, and follow the FCA’s recent consolidated tape and transaction reporting consultations, which closed in February 2026.