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Cboe Clear Europe to introduce clearing service for securities financing transactions

The TRADE

Exchange and clearing house operator Cboe Global Markets is planning to introduce a central counterparty (CCP) clearing service for securities financing transactions (SFT) in Q3 2024. Settlement will take place in 19 European Central Securities Depositories (CSDs). European SFTs primarily occur on a bilateral basis and are not cleared.

Finance 76
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Cyber Crime: What You Need to Know About Cyber Resiliency

Accenture Capital Markets

According to the cyber crime study, an asset management firm could spend more than $17 million per year on charges relating to managing and recovering from incidents. Methodology The study analyzed nine security technologies on two levels. In total, cyber crime costs an organization an average of $11.7

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Cboe outlines why its clearing service for securities financing transactions will succeed where others have failed

The TRADE

The central clearing of securities finance transactions (SFTs) is not a new concept, it is one which has been tried before with varying degrees of success. The post Cboe outlines why its clearing service for securities financing transactions will succeed where others have failed appeared first on The TRADE.

Finance 59
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Prime brokerage: The intersection of challenge and opportunity

The TRADE

Instead, a combination of rising interest rates, inflation, soaring energy prices and geopolitical tensions have hit hedge funds, and subsequently the risk management practices of prime brokers. This is a timing problem which causes issues on T+1 if there are any trade discrepancies between the asset manager and the executing broker.

Broker 114
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People Moves Monday: Schonfeld, Goldman Sachs, ABN AMRO Clearing Bank and more…

The TRADE

Senior equity trader at Janus Henderson, Stuart Mair, left the asset manager after 14 years. Prior to his most recent role he spent six and a half years as a multi-asset trader. He originally joined the asset manager in 2010 as an RFP associate on the fixed income team.

Bank 65
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People Moves Monday: A series of senior appointments

The TRADE

Previously in his career, he spent several years in credit trading roles at StormHarbour Securities, UBS and Elgin Capital. He also spent several years at Goldman Sachs in a risk management and product control role. M&G’s global asset management arm appointed Manabu Fujita as head of M&A Investments Japan.

Sale 65
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BlackRock names new head of European credit trading

The TRADE

Previously in his career, he spent several years in credit trading roles at StormHarbour Securities, UBS and Elgin Capital. He also spent several years at Goldman Sachs in a risk management and product control role. Catton joined BlackRock in 2021 from Banco Santander where he had been a credit trader for four and a half years.

Trading 52