The goal of the three firms is to bring post-trade workflow automation and efficiencies while significantly reducing counterparty credit risk through blockchain technology.
New chief risk officer previously served in the same role for eight years at Citi and replaces retiring State Street risk chief Andrew Kuritzkes.
The programme, which was launched earlier this year, looks to make overnight and term repo trading between counterparties easier.
New global cybersecurity and technology unit to be set up by State Street in Ireland over the next two years.
Former global head of electronic trading sales and prime clearing at Baader Bank joins State Street as head of global markets for Europe.
New senior appointments will be responsible for developing business, stewarding client engagement, and building on State Street’s market network in Europe.
Participants in The TRADE’s recent outsourced trading webinar answer some of the questions from the audience.
ION’s acquisition of DASH and Broadway, TS Imagine’s merger, and Broadridge’s acquisition of Itiviti all took place recently as the market continued to consolidate.
Increased traction demonstrates demand from the buy-side to manage all FX post-trade workflow within one platform, claimed CLS.
The new unit, State Street Digital, will be led by well-known securities services veteran Nadine Chakar, and seeks to address the industry-wide shift to a digital economy.