EuroCCP to offer LSE clearing this month
EuroCCP is to begin clearing trades on London Stock Exchange later this month, meaning market participants will now be able to choose from all three of Europe’s interoperable central counterparties.
Post-Trade
New Zealand to move to T+2 settlement in 2016
The New Zealand Stock Exchange will move to a T+2 settlement cycle on 7 March, the same day as Australia, according to a briefing by the Depository Trust & Clearing Corporation.
LSEG and DTCC strike deal to offer MiFIR-compliant reporting
London Stock Exchange Group has teamed up with DTCC to launch a MiFIR compliant reporting service.
Banks could save $4 billion with utility model, finds Broadridge
The adoption of a utility model for core post-trade and related processes, could save banks up to $4 billion annually, according to a report from Broadridge.
More convincing needed for beneficial owners in CCP sec lending debate
Regulatory pressures are encouraging more securities lending activity to take place through central counterparties. However more work is needed to win over beneficial owners, according to panellists at the IMN European Securities Lending Conference.
LiquidMetrix to provide TCA on Ullink
Transaction cost analysis (TCA) specialist LiquidMetrix has teamed up with Ullink to provide its services to users of its global network.
Deutsche Bank merges derivatives clearing with prime services unit
Deutsche Bank has merged its Listed Derivatives and Markets Clearing business with its Prime Services unit, according to a source close to the matter.