Japan earmarks Q2 2019 for T+2 settlement shift 07 November 2017 Tokyo Reporter: Drew Nicol Japan has unveiled a “tentative” timeline for its exchanges’ shift from a T+3 to T+2 settlement cycle, with eye towards Q2 2019
Millennium Management violates SEC security laws 07 November 2017 Washington DC Reporter: Jenna Lomax The SEC found that Millennium violated an anti-manipulation provision of the federal securities laws, Rule 105, across four occasions back in 2012
Zirpolo resurfaces at WallachBeth 07 November 2017 Jersey City Reporter: Drew Nicol Rory Zirpolo has taken on a new position as managing director of equity finance relationship manager at WallachBeth
COR Clearing promotes Thomas Palmeri 06 November 2017 New Jersey Reporter: Jenna Lomax Thomas Palmeri was previously a securities lending executive with the company
Margin calls explosion on the horizon, claims CloudMargin 06 November 2017 London Reporter: Jenna Lomax CloudMargin’s report estimates the adoption of cloud models is expected to more than quadruple from 10 percent in 2016 to 45 percent in 2020
Mixed bag for Canadian pension funds Q3 revenue 06 November 2017 Toronto Reporter: Drew Nicol Two of the largest banks in Canada have offered conflicting reports on the country’s pension funds' Q3 revenue figures
MiFID II creates “much uncertainty” for EEA members 06 November 2017 Oslo Reporter: Jenna Lomax For EEA members, “much uncertainty” remains regarding ESMA's assessment of the EEA legal basis for MiFID II, according to Norway’s Finanstilsynet
CCP may be more vulnerable to failure than we thought, OFR report shows 03 November 2017 Washington DC Reporter: Jenna Lomax CCPs could be more vulnerable to failure than conventional stress tests have shown, according to a new report by the OFR
Passive funds dominate lending pool, says IHS Markit 03 November 2017 London Reporter: Drew Nicol As part of its latest securities lending market report, IHS Markit revealed that passive funds earned 14 percent more than their active peers over the past three years, representing a 0.6 basis point revenue boost
OCC securities lending activity increases again 03 November 2017 Chicago Reporter: Jenna Lomax OCC's securities lending volumes through its CCP activity was up 30 percent in new loans in October
OneChicago announces growth in trading volume 03 November 2017 Chicago Reporter: Jenna Lomax OneChicago saw its cleared securities lending activity increase by 14 percent in October, compared to the same time last year
Trump appoints Powell as new Federal Reserve chair 03 November 2017 Washington DC Reporter: Theo Andrew Jerome Powell will replace current chair Janet Yellen, who took office in February 2014 on a four-year term, ending in February 2018