Citi appoints futures and derivatives clearing vice president
Individual previously spent more than 11 years at BTIG, most recently as a vice president for outsourced trading.
Post-Trade
Millennium Advisors adopts self-clearing model for fixed income market
The move is set to help the firm increase efficiency and navigate trading costs, and follows an uptick in non-traditional liquidity providers investing in automation across the fixed income market.
OSTTRA completes first compression of USD/CNH cross currency swaps
The swaps were cleared through HKEX’s OTC Clear service; the firm said the expansion bolsters its position in the post-trade optimisation sphere in Asia.
U.S. Bank becomes third member to join CLSSettlement this year
The move also makes the firm, which is the fifth largest bank in the US, the service’s seventy-sixth settlement member.
Nearly half of buy-side and proprietary trading firms open to self-clearing, report reveals
According to Acuiti and FIS’ recent study, the upcoming SEC’s US Treasury clearing mandate is a key driver behind a growing industry interest in self-clearing.
Settlement failure costs could soar into the billions under T+1 without automation and strong data standards
Strong data standards and automation are key to a smooth T+1 shift, but adoption and enforcement can pose challenges, agreed experts at Euroclear’s Modernising Securities Markets conference.
SIX and Swiss Post-Trade Council issue T+1 recommendations for Switzerland and Liechtenstein migration
A market consultation is open until 10 October 2025, ahead of an industry event hosted by SIX on 23 September 2025 to present the roadmap.
TS Imagine enters the securities lending space as part of wider prime brokerage push
Acquisition of a Tier 1 bank’s securities lending platform sees launch of front-to-back, multi-asset solution for stock loan, repo and collateral management for the buy- and sell-side.
JP Morgan and BNP Paribas adopt DTCC’s tri-party matching workflow
Prime brokers streamline post-trade processes ahead of Europe’s T+1 settlement transition in 2027.
BME launches European-style cash-settled options
The listing includes the first contracts spanning Banco Santander, Banco Sabadell, BBVA, Endesa, Iberdrola, Inditex, Repsol, and Telefónica.