The new expansion will allow global investors to trade in a greater number of US stocks through one connection, alongside UK, Swiss and European securities
National Clearing Centre (NCC) has been granted Qualified Derivatives Dealer (QDD) status by the US Internal Revenue Service, streamlining income collection for USD-denominated shares listed on MOEX
“Project Ion holds the promise of new settlement functionality supported by robust technical capabilities and is a key part of our on-going efforts to further accelerate settlement," says Michele Hillery
Initial trades on FICC’s sponsored GC service executed by Federated Hermes, BNY Mellon and J.P. Morgan Securities, enabling centrally cleared repo transactions to settle on BNY Mellon's tri-party platform
In a recent Torstone Technology survey, 60 per cent of institutions said that settlement failures, attributed to inadequacies of the middle-office, are still a significant problem for their business
The Bank of England has initiated supervisory action against Euroclear UK and Ireland in connection with an outage in its CREST settlement system in September 2020
EquityClear is LCH’s UK-registered equities clearing service, with connectivity to 16 trade venues and 19 Central Securities Depositories (CSDs) across Europe
