The acquisition marks the official launch of Transparence IO, a provider of outsourced securities lending technology, by securities finance veteran Tony Venditti
It is the latest European bank to join the Listed Rates service, which provides clearing of US Treasury and SOFR futures traded on LCH’s partner FMX Futures Exchange
The milestone featured Clearstream Banking as issuer, Deutsche Bank’s London Branch as issuing and paying agent, UBS Investment Bank as dealer, and Citigroup Global Markets Limited as arranger
Through its membership, ISLA will contribute to discussions on the practical applications of distributed ledger technology and digital infrastructure within securities lending
The service will cover specific EU, Swiss, and UK government and corporate bonds for all lenders and borrowers, and will extend to US Treasuries and US corporate bonds for non‑US participants
The partnership seeks to offer eligible clients a more secure and capital-efficient way of accessing digital asset liquidity through the Spotex institutional electronic communication network
FRA Executive Chairman Dr Islam Azzam noted that the success of short selling will require intensifying awareness and spreading investment knowledge among market participants
