BlackRock and AccessFintech partner to increase post-trade connectivity between buy- and sell-side
The investment management giant has also invested in the fintech to support the firm’s next phase of growth.
Tag: AccessFinTech
People Moves Monday: Aquis Exchange, Marex, AccessFintech and more…
The past week has seen moves across prime brokerage, outsourced trading, markets, the c-suite and more…
Goldman Sachs operations expert joins AccessFintech as chief executive
Individual joins following a 20-year tenure at the firm and succeeds the current interim chief executive, effective immediately.
AccessFintech goes live with settlement netting for global fixed income markets
JP Morgan and Citi support the rollout of a netting solution for the €15 trillion EMEA repo market.
AccessFintech and BNY Mellon collaborate to tackle expected FX workflow challenges linked to T+1
The two firms aim to provide clarity on the ‘predicted to settle’ status of securities trades, helping enable the necessary liquidity for international clients trading US securities.
People Moves Monday: Weekly roundup
The past week saw appointments from AccessFintech and Adroit Trading Technologies, alongside a departure from Federated Hermes.
Goldman Sachs managing director of 18 years joins AccessFintech to head up buy-side sales and relationships
Incoming individual will lead buy-side strategy; joins following 18 years at Goldman Sachs and five years at JP Morgan.
AccessFintech secures $60 million in Series C with investments from BNY Mellon, JP Morgan and Citi
Latest funding round brings the total capital raised by the fintech to $97 million since 2018.
Citi and JP Morgan report 30% reduction in trade fails after AccessFintech collaboration
Initiatives focused on securities settlements between the two dealers, with specific emphasis on European markets as a prelude to the recently implemented CSDR regulation.
Trade settlement fail penalties are high following CSDR rollout, so should the buy-side be receiving more credits?
Banks are being hit with up to €5 million in CSDR penalties per month as settlement rates deteriorate, says expert, who points out that credits should be trickling down to the buy-side.