Custody, clearing etc

BNY Mellon reports US$983 million third quarter earnings

The Bank of New York has just reported its third quarter 2017 results. Highlights include the following. Revenue Investment management and performance fees increased 5 percent. Investment services fees increased 1 percent; Asset servicing fees increased 4 percent. Net interest revenue increased 8...
Wedbush joins Eris

Eris Exchange, a US-based futures exchange group that offers swap futures as the leading alternative to traditional over-the-counter (OTC) swaps, and Wedbush Futures jointly announced earlier this week that Wedbush Futures has become the latest Futures Commission Merchant (FCM) to join Eris...
Algomi in BNY Mellon, HSBC tie-up

Financial technology specialist Algomi reports that BNY Mellon and HSBC are partnering with it to expand corporate bond trading opportunities for their custody clients and the wider market. The tie-up is expected to bolster fixed income market liquidity by giving clients the ability to make select...
SWIFT enhances VPS connection

SWIFT reports from the Sibos gathering in Toronto that has enhanced its connection to Denmark's central securities depository (CSD) VP SECURITIES using ISO 20022 standards, reducing costs for banks by enabling them to leverage the same network and standards they use to connect with other securities...
Nasdaq introduced direct clearing model


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