All latest asset servicing news

New Hong Kong CCP clears first OTC derivatives trade

04 December 2013 Hong Kong
Reporter: Georgina Lavers

OTC Clearing Hong Kong, a subsidiary of Hong Kong Exchanges and Clearing Limited (HKEx), cleared its first OTC derivatives transaction using Calypso’s CCP OTC clearing solution when it began business on 25th November 2013...

Unbundled fees is biggest obstacle of T2S

04 December 2013 London
Reporter: Georgina Lavers

Half of respondents to a survey on TARGET2-Securities said that the cost of compliance was what concerned them most about the settlement engine...

Average daily volume of 7.4 million contracts at Eurex

03 December 2013 Frankfurt
Reporter: Georgina Lavers

Eurex recorded a year-on-year decline for contract volume on its international derivatives markets...

Euroclear and friends snip settlement cycle

03 December 2013 London
Reporter: Georgina Lavers

Euroclear UK & Ireland, in cooperation with London Stock Exchange, BATS Chi-X Europe, the Irish Stock Exchange and Turquoise, will shorten the standard securities settlement cycle for the Irish and UK capital markets to T+2 in October next year...

Carlos Rebelo joins First Names Group

02 December 2013 Jersey
Reporter: Georgina Lavers

Carlos Rebelo has joined trust, fund and corporate services provider, First Names Group, as group business development manager...

Renminbi clearing is UK-bound

02 December 2013 London
Reporter: Georgina Lavers

Standard Chartered and the Agricultural Bank of China have signed a Memorandum of Understanding that cements a partnership to provide Renminbi clearing services in the UK...

BNP Paribas mandated for Asian UCITS funds

29 November 2013 Malaysia
Reporter: Georgina Lavers

BNP Paribas Securities Services has been mandated by Hwang Investment Management to provide services to four UCITS funds...

New help for HK"s electronic trading rules

29 November 2013 Hong Kong
Reporter: Georgina Lavers

Markit will provide members of the Asia Securities Industry and Financial Markets Association (ASIFMA) an online solution to help compliance with new electronic trading rules from Hong Kong’s Securities and Futures Commission (SFC)...