SSGA Appoints U.K. Head of SPDR ETF Business State Street Global Advisors (SSGA), the asset management business of State Street Corporation, reports the appointment of Claire Perryman as head of its SPDR exchange traded funds (ETF) business in the United Kingdom. Perryman will be based in London and report to Rory Tobin, co-head of the… Read More >>
Barclays Signs Up for DTCC’s New Liquidity Data Service
New Offering from DTCC Data Products DTCC Data Products, a centralized data provisioning service supporting DTCC’s offerings, is launching the Liquidity Coverage Ratio (LCR) Data Service, which has gotten the thumb’s up from Barclays Bank, officials say. The new LCR Data Service has been designed to “help firms manage their buffer requirements for liquidity facilities”… Read More >>
SEC Blesses T+2 with Rule Change
The push for a shorter settlement cycle got a quiet boost from the SEC late last month when the regulator formally proposed a rule amendment urging the settlement cycle for most securities transactions change from three business days after the trade date (T+3) to two business days after the trade date (T+2). A key group… Read More >>
Firms Must Detect Cyber-Attacks Faster
(Editor’s note: Stephen Scharf, the chief security officer (CSO) at the DTCC, oversees the centralization and alignment of the post-trade infrastructure provider’s global information and physical security, employee safety, and crisis/incident management functions, officials say. Before the DTCC, Scharf served as global chief information security officer at Experian, responsible for the strategy, leadership and governance… Read More >>
Deutsche Bank Names Wealth Management Co-Heads
Co-Heads Are Deutsche Bank Veterans Deutsche Bank has named Anke Sahlén and Daniel Kalczynski joint managers of Deutsche Bank Wealth Management (WM) in Germany, effective immediately. “They will pursue the goals of developing WM into the leading trusted expert advisor to wealthy clients and advancing Deutsche Bank’s market leadership in its home market,” according to… Read More >>
Why the DTCC Is Using Amazon’s Cloud
Something interesting is underway as far as cloud computing and securities operations — the Amazon Web Services (AWS) offering has been quietly gaining ground after some initial resistance. I recall that the main concerns about using the AWS cloud revolved around compliance and security. But Amazon zeroed in on the compliance and security demands and… Read More >>
JPMorgan to Exit Most Government Securities Settlement Services
JPMorgan is exiting its narrowly focused, government securities settlement services business, which includes Treasury and agency bonds, ending support for approximately 30 clients, bank officials confirm. The clients affected use the bank’s broker-dealer channel and JPMorgan then uses the Federal Reserve’s securities transfer system. While some news outlets recently reported that JPMorgan would be leaving… Read More >>
EBS BrokerTec Taps Tradeweb for Top Americas Post
Head of BrokerTec Direct Americas Is Appointed EBS BrokerTec, ICAP’s electronic fixed income and foreign exchange business, reports that Nicole Shumpert, senior fixed income professional from Tradeweb, has been named head of its BrokerTec Direct, Americas, service. BrokerTec Direct “leverages the EBS Direct model to provide customers with a new mechanism for trading fixed income,”… Read More >>
HTG Capital Buys Three of Kottke’s Businesses
HTG, Kottke to Form a ‘Strong Team’ HTG Capital Partners, a liquidity provider for listed and over-the-counter (OTC) derivatives instruments, is slated to acquire the introducing broker, money management and proprietary trading businesses of Kottke Associates, creating “a strong team” to take on the futures industry, say officials. HTG and Kottke Associates, which is a… Read More >>
CFTC Blesses DTCC-SWIFT LEI Utility for Another Year
CFTC Hopes Global LEI System to Be More Operational in a Year The legal entity identifier (LEI) utility operated by the DTCC and SWIFT can continue for another year in the hope that the global LEI system will become fully operational in that time, according to the CFTC, which just issued an order extending the… Read More >>
