The Fixed Income Clearing Corp. (FICC), a DTCC subsidiary, wants to provide centralized clearing for more participants in the estimated $1.6 trillion institutional tri-party repo market and will be asking the SEC and the Federal Reserve for the permission to do so. The FICC oversees the confirmation and settlement of fixed-income securities for U.S. markets…. Read More >>
LCH.Clearnet Appoints Head of SwapClear Australia
Clearinghouse LCH.Clearnet reports that Marcus Robinson has been appointed head of SwapClear Australia. Robinson, who is an Australian citizen, has relocated to Sydney, where he will “support the growing demand for on-the-ground, robust interest rate derivative (IRD) clearing solutions,” the company says in a statement, which also notes that his mission is to lead “LCH.Clearnet’s… Read More >>
OpenGamma Hires from LCH.Clearnet
OpenGamma, a provider of risk management and analytics solutions, has hired Mohamed Ait Si Brahim from LCH.Clearnet to be its vice president of engineering, officials say. Ait Si Brahim, with more than 15 years’ experience in capital markets, risk management and technology, will focus on further improving OpenGamma’s engineering practices, ongoing product development and client… Read More >>
Citi Cuts Staff as Jill Considine Joins LCH.Clearnet
Citi Cuts Staff as Profits Rise Multiple news organizations are reporting that Citigroup is cutting 200 to 300 positions from equity and fixed income trading groups even as the bank reported favorable net income results for the first quarter of this year. For Q1 2014, the bank’s net income was up four percent to $3.9… Read More >>
Fannie Mae EVP Joins BNY Mellon as COO
Fannie Mae EVP Joins BNY Mellon as COO Investment management and services provider BNY Mellon has a new chief operations officer (COO) in Edward Watson, who was Fannie Mae’s executive vice president (EVP) for operations, technology and general services.Watson, who will be joining BNY Mellon on July 9, says in a statement his top goals… Read More >>
