The Securities and Exchange Commission accused Manuel Bello of running an illegal stock lending scheme that netted him $3.2 million. The New Jersey businessman had two firms...
J.P. Morgan Worldwide Securities Services (WSS) announced that its tri-party offering for Chicago Mercantile Exchange (CME) IEF4 program will begin supporting corporate bonds...
Amsterdam-based IMC, a prop trading firm, has hired Wim Den Hartog as co-head of its Chicago office, a position which will be made effective on 1 September...
20 June 2012New York and Boston Reporter: Georgina Lavers
Omgeo has new functionality on Omgeo ProtoColl, its automated collateral management solution. The new version of ProtoColl has been developed with the hope of...
Calypso Technology will integrate AcadiaSoft’s MarginSphere service, an electronic messaging and workflow solution for OTC collateral, with the Calypso system...
The Governing Council of the European Central Bank (ECB) has decided to put the brakes on preparations for the Collateral Central Bank Management (CCBM2) project in its current form...
Lombard Risk has enhanced its repo and securities lending 'Colline' modules. Colline is designed for for end-to-end, cross-product (bilateral and cleared OTC derivatives, repo and securities lending) collateral management...
18 June 2012Massachussetts Reporter: Georgina Lavers
RMR Real Estate Income Fund (RIF) has entered into a new $50 million revolving credit facility with BNP Paribas prime brokerage. The new credit facility bears interest at LIBOR plus 95 basis points and it has a 270 day rolling term that resets daily.