CCPs could reduce costs for repo trading – research
Economic benefit of using CCPs for repo trades should be weighed against need for increased margin, says OFR.
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.