The bank will ditch the majority its prime services business after the collapse of Archegos cost it $5.5 billion and led to an in-house risk review.
Clients will now be able to analyse their carbon footprint across key carbon metrics including scope 1 and 2 carbon emissions, carbon intensity levels and net zero commitments.
Agreement shows industry appetite for building end-to-end tokenisation capabilities and Digital Asset’s growing role in the capital markets as an underlying software provider.
Research from Firebrand found that only 14% of sell-side firms have a single system for processing different asset classes; far too little to meet buy-side demands.
As research suggests multi-dealer platforms are increasingly costly for market participants, Annabel Smith explores whether this has encouraged FICC traders to move away from multi-dealer towards bilateral trading.
Stocks are now being covered by sector pitches or by offices in Europe as JP Morgan follows peers in moving the desk out of London.
The exchange group confirmed in June last year that it would be launching the hub as part of an ongoing market-wide scheme with the Monetary Authority of Singapore.
Land grab by major investment banks continues, following a change in Chinese regulation surrounding foreign ownership.
The addition of the bank to the platform takes its total number of dealers to 16, allowing for greater choice for investors in the repackaging market.
The disastrous entanglement with Archegos Capital Management and its spectacular collapse has left the prime brokerage industry reeling with over $10 billion in losses across the Street. The event has resulted in a major shift in attitudes around risk management, but how far-reaching will these changes be on their reIationships with clients? Asks Joe Parsons.