Economic benefit of using CCPs for repo trades should be weighed against need for increased margin, says OFR.
Broadridge had acquired Message Automation to extend its post-trade tools.
The DTCC-Euroclear margin transit utility (MTU) service was initially set to launch in 2015 but has been hit by a number of delays.
EuroCCP joins LCH and SIX x-clear as CCP providers at the Swiss exchange.
As banks downsize clearing businesses, clients are turning to other methods including self-clearing.
BGC Brokers’ ColleX trading platform will integrate Pirum Systems’ tools.
Nasdaq Nordic signs up for SIX’s clearing service, x-clear, for its cash equities markets.
Derek West will join the DTCC with responsibility for compliance at its Global Trade Repository.
Non-cleared margin rules will come into effect as of March this year.