2026, Corporation and Trading - Investment Banking Today

SSGA launches first actively managed corporate and municipal target maturity ETFs in the US

The TRADE

SEPTEMBER 24, 2024

State Street Global Advisors (SSGA) has launched the first actively managed corporate and municipal target maturity bond ETFs in the US market. The suite consists of 14 actively managed target maturity ETFs with various maturity years ranging from 2026 to 2034. The suite is made up of both corporate bond and municipal bond ETFs.

Corporation

Corporation Management Portfolio Management Portfolio

DTCC’s FICC launches new public-facing Value at Risk calculator

The TRADE

JULY 10, 2024

The calculator enables participants to evaluate potential margin and clearing fund obligations associated with becoming a member of DTCC’s Fixed Income Clearing Corporation (FICC) Government Securities Division (GSD). The post DTCC’s FICC launches new public-facing Value at Risk calculator appeared first on The TRADE.

Portfolio

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UK T+1 taskforce publishes recommendations ahead of proposed 2027 switch

The TRADE

SEPTEMBER 27, 2024

A full copy of the report can be found here. The post UK T+1 taskforce publishes recommendations ahead of proposed 2027 switch appeared first on The TRADE.

Consulting

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Bloomberg to offer access to CSRD data ahead of reporting deadline

The TRADE

JUNE 21, 2024

Bloomberg has launched a new data offering on the Bloomberg Terminal which collates the data that companies have started to report as part of the EU’s Corporate Sustainability Reporting Directive (CSRD). The post Bloomberg to offer access to CSRD data ahead of reporting deadline appeared first on The TRADE.

Finance

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US same day settlement ‘not a good idea’ despite technological advancement

The TRADE

JANUARY 4, 2024

A key contributing factor for banks and investors clearing more than previously is the increasing cost of trading derivatives OTC as a result of uncleared margin rules. In addition, Treasury clearing mandates are set to take effect in 2026, which if successful will create a long-term ROI which the SEC seeks. to just over £2.6

Trading

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A look into the centrally cleared future

The TRADE

DECEMBER 5, 2024

The Securities and Exchange Commission (SEC) is in the process of introducing noteworthy rule changes to the clearing of fixed income securities, a development which is set to reshape the landscape for fixed income trading. For trading desks, the new rules will result in a range of operational and regulatory shifts.

Trading

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US regulators unveil highly anticipated capital requirements with significant hikes proposed for largest banks

The TRADE

JULY 27, 2023

US regulators have unveiled major new capital rules for lenders which is expected to see requirements for Global Systemically Important Banks (G-SIBs) increase by 19% and have a knock-on effect to trading and lending activities. There will be a period in which that’s implemented, some suggestions in the beginning of 2026.

Capital

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European Parliament’s approval of Mifid/Mifir revisions a starting gun for change

The TRADE

JANUARY 16, 2024

For a member state where PFOF is currently allowed, they will continue to be able to offer this until 30 June 2026, after which it will be phased out. In addition, ESMA is set to assess the effectiveness of a CT for shares by 30 June 2026, which includes consideration of the potential to add additional features to the equity pre-trade tape.

Capital Market

Capital Market Book-building Equities Trading

SEC chair Gary Gensler urges UK to set T+1 transition date

The TRADE

JUNE 21, 2024

When we proposed the rule in February 2022, only about two-thirds (68%) of transactions were being affirmed on trade day. Gensler highlighted that this change reduces market complexity, particularly in the area of corporate actions, where the ex-dividend date now aligns with the record date.

Trading

Trading Asset Management Management Securities

State Street and Japan Securities Clearing Corporation collaborate on USD cash collateral to clearing service offering

The TRADE

JANUARY 9, 2025

State Street has worked with the Japan Securities Clearing Corporation (JSCC) to assist the clearing house in adding USD cash to the eligible collaterals in its interest rate swap clearing service.

Collaboration

Collaboration Corporation Securities Management

FCA welcomes UK taskforce final report on the move to T+1

The TRADE

FEBRUARY 20, 2025

The plan published by the AST includes a Code of Conduct for market participants, confirming that 11 October 2027 will be the first trading date in UK cash equities forsettlementon aT+1cycle; aligning with the European Union and Switzerland. The post FCA welcomes UK taskforce final report on the move to T+1 appeared first on The TRADE.

Trading

Trading Government Funds Corporation

State Street and Japan Securities Clearing Corporation collaborate on USD cash collateral to clearing service offering

The TRADE

JANUARY 9, 2025

State Street has worked with the Japan Securities Clearing Corporation (JSCC) to assist the clearing house in adding USD cash to the eligible collaterals in its interest rate swap clearing service.

Collaboration

Collaboration Corporation Securities Management

DTCC’s FICC bolsters VaR calculator capabilities ahead of US Treasury clearing requirements

The TRADE

NOVEMBER 14, 2024

The Depository Trust & Clearing Corporation (DTCC) has launched enhancements to its Value at Risk (VaR) calculator, adding cross-margining and repo transaction functionalities. The updated risk tools seek to support firms as they prepare for the expansion of US Treasury clearing in 2025 and 2026.

Risk Management

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SEC extends US Treasury clearing compliance deadline in bid to help firms implement necessary risk management changes

The TRADE

FEBRUARY 27, 2025

TheUS Securities and Exchange Commission (SEC) has officially extended the compliance dates for the Treasury clearing rule, by over a year, with changes now set to go live 31 December 2026 for cash markets and 30 June 2027 for repo.

Risk Management

Risk Management Management Trading Securities

UK taskforce publishes blueprint for T+1 transition

The TRADE

FEBRUARY 6, 2025

The plan includes a Code of Conduct for market participants, which confirms11 October 2027 will be the first trading date in UK cash equities forsettlementon aT+1cycle in line with the European Union and Switzerland. Market participants should start planning now ahead of the 2025 budget process for project funding in 2026.

Trading

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The TRADE predictions series 2025: What to expect in fixed income – part two

The TRADE

JANUARY 2, 2025

In dealer to client (D2C) markets for both rates and credits, the number of in-bound RFQs is rising exponentially, driven by all to all trading and the use of algo tools. We expect usage to grow in US Treasuries and will eventually be followed by adoption in other asset classes including corporate bonds.

Trading

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Investment Banking Today

SSGA launches first actively managed corporate and municipal target maturity ETFs in the US

DTCC’s FICC launches new public-facing Value at Risk calculator

Trending Sources

UK T+1 taskforce publishes recommendations ahead of proposed 2027 switch

Bloomberg to offer access to CSRD data ahead of reporting deadline

US same day settlement ‘not a good idea’ despite technological advancement

A look into the centrally cleared future

US regulators unveil highly anticipated capital requirements with significant hikes proposed for largest banks

European Parliament’s approval of Mifid/Mifir revisions a starting gun for change

SEC chair Gary Gensler urges UK to set T+1 transition date

State Street and Japan Securities Clearing Corporation collaborate on USD cash collateral to clearing service offering

FCA welcomes UK taskforce final report on the move to T+1

State Street and Japan Securities Clearing Corporation collaborate on USD cash collateral to clearing service offering

DTCC’s FICC bolsters VaR calculator capabilities ahead of US Treasury clearing requirements

SEC extends US Treasury clearing compliance deadline in bid to help firms implement necessary risk management changes

UK taskforce publishes blueprint for T+1 transition

The TRADE predictions series 2025: What to expect in fixed income – part two

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