Brian Bollen's Blog

Apologies for loss of service

Apologies for loss of service over the past few days. This was thanks to a technical issue involving ICANN (Internet Corporation for Assigned Names and Numbers) which has now been resolved.

Object Trading Conforms to BM&F BOVESPA

Object Trading, a provider of multi-asset trading infrastructure, says that it has been fully approved by BM&F BOVESPA in Brazil (Bolsa de Valores, Mercadorias & Futuros de São Paulo) to handle market data, order entry and pre-trade risk constraints via its direct market access (DMA) Platform for its clients and partners. BM&F BOVESPA’s revised requirements for direct connections, in lieu of order routeing partnerships, take effect today.

Buy-side firms in Brazil and internationally will continue to seek and find deep liquidity in BM&F BOVESPA’s futures and options contracts in interest rates, foreign exchange and equity index products.  Further, these firms will need to keep pace with ongoing growth and innovation at the exchange. Object Trading enables international buy-sides outside of Brazil – as well as domestic - to maintain existing, or facilitate new direct market access to the BM&F BOVESPA without technology disruption.

NSD and CSDC sign MoU

During an official visit to China, Russia's National Settlement Depository (NSD) signed a memorandum of understanding with China Securities Depository and Clearing Corporation Limited (CSDCC), China’s central securities depository providing services to the Shanghai Stock Exchange and the Shenzhen Stock Exchange.

Trump victory could create buying opportunity

A victory for Donald Trump in the upcoming US Presidential election is likely to create buying opportunities in the US, argues Ryan Paterson, a research analyst at Thesis Asset Management.

Porridge suspension

For those who might have missed his last serving of Porridge and are wondering where it is, the author, Bill Blain, recently had a coronary bypass operation and is currently resting.

We wish him a full and speedy recovery.

Sim only for ZEDRA

ZEDRA, a global independent specialist in trust, corporate and fund services, says it has appointed Wendy Sim to lead the development of its Singaporean office, which will additionally support markets in North and South Asia.

ABS to grow in Europe

Nearly half (47%) of institutional investors expect issuance in Europe of asset-backed securities (ABSs), such as fixed income securities listed on regulated and unregulated stock markets, to rise over the next three years, according to new research by Managing Partners Group (MPG), the international asset management group.

Smith & Williamson selects Bravura Solutions Rufus

Bravura Solutions has this morning reported the recruitment of a second ‘Software as a Service’ (SaaS) client, having been selected by Smith & Williamson Fund Administration Ltd to power its transfer agency administration. 

HSBC, Clearstream partner to open China

HSBC says it has entered into a partnership with Clearstream to enable customers of the international central securities depository (ICSD) to access China’s Interbank Bond Market (CIBM). HSBC acts in the capacity of onshore bond settlement agent for Clearstream’s overseas institutional investor customers, providing trading execution, settlement and custody services in the CIBM.

Ian Banks, Head of HSBC Securities Services for Asia-Pacific, said: “A deep and liquid domestic bond market is a key stepping stone to achieving China’s ambition of making the RMB [the Chinese currency] a truly global currency. Partnering with Clearstream places us in an excellent position to help foreign institutional investors tap into opportunities in CIBM which is the third-largest fixed income market in the world with a size of approximately RMB54 trillion.”

American Family Insurance selects Eagle solutions

American Family Insurance has picked Eagle Investment Systems LLC, a BNY Mellon company, to provide the technological underpinning of the company’s front and middle office transformation initiative.

BNY Mellon appointed by Nordea

BNY Mellon has been appointed by Nordea to provide custody services for its US debt and equity portfolios valued at over US$7 billion.

RBC Investor & Treasury Services expands global coverage

RBC Investor & Treasury Services reports the appointment of Rosemarie Kriesel as a Managing Director, Global Client Coverage, based in Hong Kong.

The heart of the matter

Mint – Blain’s Morning Porridge 

Morning..

I'm afraid China, Trump, May, The ECB, The BoW, Marmite and just about everything else is going to have to wait...

If you're reading this it means I'm doing fine after a coronary bypass operation yesterday. I'm afraid it means no more Porridge for at least a month as I recuperate and come back better than ever before!

PIMCO gets Cavalier

Investment management firm PIMCO says that Alice Cavalier has joined the firm as a London-based senior vice president in its alternatives team. 

Reeves to build Legg Mason in south of England

Legg Mason Global Asset Management has appointed Harry Reeves as its business development director covering the South of England.

ICE launches new gold clearing option

Intercontinental Exchange, an operator of global exchanges and clearing houses and provider of data and listings services, reports

European banks: from dogs to darlings

James Sym, European Equities Fund Manager at Schroders, explains how the return of inflation could herald a significant change of fortune for Europe’s beleaguered banking sector.

DGCX Group welcomes ABN AMRO

Dubai Gold and Commodities Exchange (DGCX) has this week welcomed ABN AMRO Clearing Bank NV as a special clearing member on Dubai Commodities Clearing Corporation (DCCC).

Beer money for Aries

Aries Insight, the pensions technical specialist, has today announced that Whitbread Group has licensed the Aries Pensions System (APS).

A strange and curious day

Mint – Blain’s Morning Porridge  October

Into the jaws of death, into the mouth of hell, Rode the six hundred...