Northern Trust is to provide Integrated Trading Solutions, including outsourced trading and middle office functionality, for a domestic equity portfolio managed internally by the Illinois Municipal Retirement Fund (IMRF), the state’s second-largest public retirement plan.
Trading & Execution
Financial industry will need to tap USD100bn of idle or unrecognised assets to address collateral shortfall
The global financial industry will need to find almost USD100 billion in additional collateral to support the demands of the increasingly sophisticated collateral management ecosystem that has emerged in the wake of EMIR and Dodd-Frank, according to a new paper by Capco, a global management and technology consultancy.
Israel Discount Bank has partnered with Integral to deploy new eFX workflow automation and trading technology to drive business growth.
Global Reach Group (GRG), a provider of corporate and personal foreign exchange, has added to its senior management team with the appointment of Tim Rudman as Chief Operating Officer.
INTL FCStone's Niels van Duinen, who works in the company's Global Payments Division, has been selected to participate in the Bankers Association for Finance and Trade (BAFT) Future Leaders Program, Class of 2020 during their Global Annual Meeting in Europe.
Metrobank has become the first Philippine bank to access CLSSettlement as a third-party participant. UBS, a CLSSettlement member, will provide access to Metrobank.
B2C2, a cryptocurrency liquidity provider, and SFOX, a cryptocurrency prime dealer for large-scale investors, are partnering to provide asset managers, hedge funds, family offices and high net worth individuals with a new source of liquidity.
Bank Indonesia (BI) has adopted Refinitiv Auctions for Domestic Non-deliverable Forwards (NDFs), as Central Banks increasingly rely on electronic tools to ensure their markets function in an orderly, efficient manner.
Actinver, BNP Paribas, Citibank and JP Morgan are now live on CLSNet, a standardised, automated bilateral payment netting calculation service for over 120 currencies operating on a distributed ledger technology (DLT) platform.
Foreign exchange specialist Integral has reported today average daily volumes (ADV) across its platforms of USD35.5 billion in January 2020, an increase of 2.3 per cent compared to January 2019.