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BNY Mellon launches new FX platform to help manage execution and access to price transparency

The TRADE

Universal FX will allow clients – who often manage portfolios across several providers – to avoid inconsistent FX execution by allowing them to manage their whole portfolio, despite where they custody, prime broker or settle trades.

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In Silicon Valley, Venture Capital Meets a Generational Shift

The New York Times: Banking

Big-name investors such as Reid Hoffman and Michael Moritz are pulling back, creating room for a new generation of tech power brokers.

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Jupiter becomes latest institution to join Saphyre

The TRADE

Jupiter has become the latest firm to join Saphyre’s network of financial institutions utilising the fintech’s platform. Stephen Roche As part of the move, Jupiter will leverage Saphyre’s platform for the onboarding and maintenance of its trading relationships with brokers and custodians. Saphyre’s automated intelligence enables onboarding (..)

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Wintermute integrates spot and CFD liquidity into oneZero

The TRADE

oneZero works over multiple asset classes, offering trading technology for banks and financial institutions. The digital asset derivatives trading arm of Wintermute Group, Wintermute Asia, has completed the integration of its spot and contract for differences (CFD) liquidity into the oneZero ecosystem.

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Expanded SEC clearing rules will see daily DTCC Treasury activity increase by $4 trillion, survey finds

The TRADE

Subject to conditions, the amendments also permit broker-dealers to include customer margin required and on deposit at a clearing agency in the US Treasury market as a debit in the customer reserve formula. The amendments also require covered clearing agencies to separately collect and calculate margin for house and customer transactions.

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SEC adopts landmark new clearing rules for US Treasury market

The TRADE

New amendments from the SEC also permit broker-dealers to include customer margin required and on deposit at a clearing agency in the US treasury market as a debit in the customer reserve formula, subject to certain conditions. Second, the final rules broaden the scope of which transactions clearinghouse members must clear.

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BNP Paribas picks up execution-to-custody mandate from Swissquote

The TRADE

With the expansion, Swissquote will be able to execute trades via BNP Paribas and other participating brokers across different markets with a single instruction. Doing so will streamline and automate trade workflow, from execution to settlement.