Post trade

State Street expects buy-side clearing of repo financing to increase significantly among mutual funds and money markets funds in the US.

The exchange's new DLT solutions team has been created to look at other ways the ASX can use the technology in the equities and non-equities space.

Same-day FX settlement service CLSNow has gone live with JP Morgan and Goldman Sachs among the first to use the platform.

Baton Systems has hired former Traiana CEO, Andrés Choussy, who takes on the role of COO at the firm.

Current LCH chief executive, Martin Pluves, is due to step down from the position on 31 July to pursue other opportunities.

Both vendors will combine services for a single collateral platform to help firms meet UMR requirements.

NIBC Bank has replaced its post-trade legacy systems and implemented Torstone Technology’s Inferno platform.

State Street's chief executive explained this period of ‘extraordinary price pressure’ could be levelling out for the global custodian.

Banks are increasingly turning to compression to mitigate costs and risks, TriOptima said.

Morgan Stanley is that latest investment bank to offer client clearing of credit derivatives through LCH CDSClear.