This proprietary solution links directly to Hong Kong’s central clearing and settlement system and will support demand for faster settlement to drive collateral management efficiency, settlement confirmation reporting and other gains in post-trade pe
The strategic alliance goes live from today and will support financial services companies and investors extending their footprint in Singapore, Gujarat International Financial Tec-city and other Indian locations
Governance, risk and compliance adviser ACA Group has appointed former BlackRock senior executive Patrick Olson as chief executive, replacing Shvetank Shah who remains as senior adviser
The deal, which was announced in February, brings together the complementary expertise of the two companies, supporting over 660 customers in Europe and the Asia Pacific across wealth management, trust, corporate and fund services
The acquisition will be rolled into a newly approved entity named Standard Chartered Trustee (Hong Kong), with Standard Chartered’s existing HK trust services also being merged into SC Trustee over time
This collaboration will reinforce Matrixport’s prime brokerage solution by enabling institutional customers to keep their assets within Copper infrastructure while being able to trade on ClearLoop-linked exchanges via their Matrixport sub-accounts
Citi indicates that it has executed the first tranche of northbound trades with offshore investors through Swap Connect, the trading link for interest rate swap contracts between Hong Kong and the Chinese mainland
With the end date for USD LIBOR transition now less than three months away, the Financial Stability Board is encouraging the market to finalise the transition of legacy contracts to prevent a “pile up” as the cut-off approaches
