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Elliott joins board at Huntingdon


13 January 2011 Columbus
Reporter: Ben Wilkie

Huntington Bancshares Incorporated has appointed Steven G. Elliott, retired senior vice chairman of BNY Mellon, to its board...
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Top collateral management vendor


12 January 2011 London
Reporter: Steven Lafferty

For the fifth year running, Algorithmics, has won the collateral management category in a leading publications risk technology rankings. This is in addition to the overall prize for enterprise-wide risk management and 14 other top three positions.
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FBR to quit prime brokerage


11 January 2011 Los Angeles
Reporter: Ben Wilkie

Just 16 months after its launch, FBR Capital Markets is closing its prime brokerage unit...
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Fontana Capital charged


11 January 2011 Boston
Reporter: Ben Wilkie

Hedge Fund Fontana Capital and its manager Forrest Fontana have been charged by US regulators over alleged short selling violations...
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Securities lending Apps


10 January 2011 Boston
Reporter: Steven Lafferty

Brown Brothers Harriman has launched the firm’s securities lending mobile application for the iPhone and BlackBerry smartphones.
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Swiss Newedge offices granted branch status


07 January 2011 Zurich
Reporter: Ben Wilkie

FINMA, the Swiss regulator, has granted Newedge branch licenses, which turn representative offices into branches in Zurich and Geneva...
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Brazil restricts currency short selling


07 January 2011 Rio de Janeiro
Reporter: Ben Wilkie

The Brazilian Government has announced that it is imposing a tax on short positions in US dollars, in an attempt to reduce the strength of the country's currency...
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Christian School securities lending mandate won


06 January 2011 Toronto
Reporter: Justin Lawson

CIBC Mellon Global Securities Services Company has been selected to provide a full suite of asset servicing solutions for Canadian Christian School Pension Trust Fund including custody, fund accounting, securities lending and performance & risk analy
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OCC announces record year


05 January 2011 Chicago
Reporter: Ben Wilkie

The Options Clearing Corporation (OCC) announced today that total OCC volume in December reached 344,206,175 contracts, a 16 per cent increase over the December 2009 volume of 296,703,081...
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ISDA looks to reduce risk in Asia


05 January 2011 Hong Kong
Reporter: Ben Wilkie

The International Swaps and Derivatives Association (ISDA) has published the Asia Pacific Portfolio Reconciliation Memorandum of Understanding (MoU) to promote portfolio reconciliation and reduce risk in the Asia Pacific region.