Digital broker attracts host of tier one banks with euro interest rate swaps platform
Wematch IRS adds JP Morgan, RBC, HSBC and Societe Generale to dealer-to-dealer platform.
Wematch IRS adds JP Morgan, RBC, HSBC and Societe Generale to dealer-to-dealer platform.
Michael Roberts will join HSBC after 34 years with Citigroup, most recently as chief lending officer.
Capitolis launched its novation platform last year in partnership with major firms including Citi, HSBC, Brevan Howard and BlueCrest.
DLT is becoming more accepted by banks and financial institutions that are in the process of developing use cases and rolling out the technology.
Software startup was launched in 2015 by two senior trading technology executives who formerly worked at HSBC.
Goldman Sachs, Citi, JP Morgan, Wells Fargo and Franklin Templeton Investments are also investors in blockchain technology vendor Axoni.
Discussions around data helping illiquid instruments trade more effectively conjure up worries about what the future of passive investing and what it means for post-trade providers.
HSBC failed to assess risk of individual bonds before recommending them to clients in Asia.
One head of global custody believes custodians could play a part in the front-end decision-making process for clients.
HSBC chief executive John Flint says that following a period of restructuring the bank must get back into growth mode.