Citi Launches Automated Settlement Resolution in HK
Citi Securities Providers introduced the launch of a totally automated answer in Hong Kong to enhance its custodial functionality in post-trade instruction and settlement processing.
The proprietary answer straight connects to Hong Kong’s central clearing and settlement system (CCASS). It got here to satisfy the demand from Citi’s purchasers for faster settlement.
“The newest answer is a continuation of our efforts to supply a whole suite of companies which might be as near real-time as attainable,” mentioned Aditya Sharma, APAC’s Head of Custody at Citi Securities Providers. “Our newest software opens up a myriad of advantages for our finish purchasers in post-trade actions in Hong Kong.”
C. Hoare & Co. Faucets Integral’s SaaS FX Tech
C. Hoare & Co., the UK’s oldest privately owned financial institution, has chosen Integral’s cloud-based SaaS FX know-how, enabling its prospects to entry market liquidity and aggressive FX charges throughout each their enterprise and private accounts.
“Integral’s refined SaaS know-how offers us with the capabilities to service our prospects with the reassurance of Integral’s experience and high-quality know-how,” mentioned Phil Tither, the Treasury Relationship Supervisor at C. Hoare & Co.
Harpal Sandhu, CEO, Integral
Integral’s CEO, Harpal Sandhu, mentioned: “We’re delighted to work with one of many oldest monetary establishments on this planet, bringing our unrivalled expertise and market-leading know-how. C. Hoare & Co. and their prospects will profit from our cloud-based SaaS providing, delivering absolutely automated and extremely configurable FX workflow.”
StoneX Expands Prime Brokerage Providing
StoneX Monetary Ltd. launched a multi-asset CASS compliant custody answer to boost its institutional prime choices. The brand new answer underneath the StoneX Institutional Prime model is coupled with financing capabilities, together with repo financing and securities lending.
“The construct out of StoneX Institutional Prime is a pure complement to our current US providing, enabling us to ship a sturdy multi-asset set of options to help mid-tier hedge funds globally,” mentioned James McAuslan, Stonex’s International Head of Prime Providers and Head of Securities for EMEA.
Together with the product growth, StoneX strengthened its group behind the prime companies with two new appointments, Gary Clifford-Newman in Cross Asset Gross sales and James Barten because the Head of EMEA Safety Financing.
OKX Enhances Buying and selling Options
Crypto trade OKX has enhanced futures and perpetual buying and selling with the brand new place orders by value characteristic, permitting customers to manage prices each time they commerce. The brand new order sort is out there in hedge mode and can be utilized with restrict, market, and superior restrict orders.
“By offering a brand new solution to place orders, OKX goals to make futures and perpetual buying and selling extra accessible and user-friendly,” the crypto trade acknowledged. “The brand new Orders by Value characteristic is particularly helpful for merchants who pay shut consideration to margin enter each time they place an order after which determine on leverage or threat.”
Get able to expertise the most recent copy buying and selling developments 😉
With the brand new characteristic upgrades, #OKX Lead Merchants can now:
✅ Manually modify revenue sharing ratio
✅ Handle copy buying and selling group (when necessities will not be met)— OKX (@okx) June 7, 2023
Swift Explores Blockchain Interoperability
Swift is collaborating with over a dozen establishments to discover blockchain interoperability challenges. It has partnered with Chainlink to combine with a number of public blockchains.
The companion establishments are ANZ Financial institution, BNP Paribas, BNY Mellon, Citi, Lloyds Financial institution, Clearstream, Euroclear, DTCC, and SIX Digital Trade.
“There’s unlikely to be a single prevailing blockchain community,” mentioned Tom Zschach, the Chief Innovation Officer at Swift. “In such a extremely fragmented ecosystem, it might merely not be possible for monetary establishments to connect with every platform individually. That’s why the group is working with Swift to develop an interoperability mannequin that might allow entry to completely different platforms globally.”
El Salvador’s Bitcoin Miner Launches with $250M Funding
Volcano Power has acquired $250 million of the pledged $1 billion and launched its Bitcoin mining operation in El Salvador. The mining facility has a capability of 241 megawatts (MW), divided between 169MW of photovoltaic energy and 72MW of wind energy.
The computing vitality of the mining facility is estimated to exceed 1.3 exahashes per second, which is able to put it among the many prime 20 Bitcoin mining services globally.
.@Volcano_Energy 🌋🔌 receives the primary $250M of a $1 billion dedication that kickstarts 241 MW’s of #Bitcoin mining in El Salvador.
“We Received The Energy” https://t.co/j2wE6UJq0Opic.twitter.com/db3PZvFo4q
— Max Keiser, sr. bitcoin advisor pres. Bukele 🌋🧢 (@maxkeiser) June 7, 2023
Citi Launches Automated Settlement Resolution in HK
Citi Securities Providers introduced the launch of a totally automated answer in Hong Kong to enhance its custodial functionality in post-trade instruction and settlement processing.
The proprietary answer straight connects to Hong Kong’s central clearing and settlement system (CCASS). It got here to satisfy the demand from Citi’s purchasers for faster settlement.
“The newest answer is a continuation of our efforts to supply a whole suite of companies which might be as near real-time as attainable,” mentioned Aditya Sharma, APAC’s Head of Custody at Citi Securities Providers. “Our newest software opens up a myriad of advantages for our finish purchasers in post-trade actions in Hong Kong.”
C. Hoare & Co. Faucets Integral’s SaaS FX Tech
C. Hoare & Co., the UK’s oldest privately owned financial institution, has chosen Integral’s cloud-based SaaS FX know-how, enabling its prospects to entry market liquidity and aggressive FX charges throughout each their enterprise and private accounts.
“Integral’s refined SaaS know-how offers us with the capabilities to service our prospects with the reassurance of Integral’s experience and high-quality know-how,” mentioned Phil Tither, the Treasury Relationship Supervisor at C. Hoare & Co.
Harpal Sandhu, CEO, Integral
Integral’s CEO, Harpal Sandhu, mentioned: “We’re delighted to work with one of many oldest monetary establishments on this planet, bringing our unrivalled expertise and market-leading know-how. C. Hoare & Co. and their prospects will profit from our cloud-based SaaS providing, delivering absolutely automated and extremely configurable FX workflow.”
StoneX Expands Prime Brokerage Providing
StoneX Monetary Ltd. launched a multi-asset CASS compliant custody answer to boost its institutional prime choices. The brand new answer underneath the StoneX Institutional Prime model is coupled with financing capabilities, together with repo financing and securities lending.
“The construct out of StoneX Institutional Prime is a pure complement to our current US providing, enabling us to ship a sturdy multi-asset set of options to help mid-tier hedge funds globally,” mentioned James McAuslan, Stonex’s International Head of Prime Providers and Head of Securities for EMEA.
Together with the product growth, StoneX strengthened its group behind the prime companies with two new appointments, Gary Clifford-Newman in Cross Asset Gross sales and James Barten because the Head of EMEA Safety Financing.
OKX Enhances Buying and selling Options
Crypto trade OKX has enhanced futures and perpetual buying and selling with the brand new place orders by value characteristic, permitting customers to manage prices each time they commerce. The brand new order sort is out there in hedge mode and can be utilized with restrict, market, and superior restrict orders.
“By offering a brand new solution to place orders, OKX goals to make futures and perpetual buying and selling extra accessible and user-friendly,” the crypto trade acknowledged. “The brand new Orders by Value characteristic is particularly helpful for merchants who pay shut consideration to margin enter each time they place an order after which determine on leverage or threat.”
Get able to expertise the most recent copy buying and selling developments 😉
With the brand new characteristic upgrades, #OKX Lead Merchants can now:
✅ Manually modify revenue sharing ratio
✅ Handle copy buying and selling group (when necessities will not be met)— OKX (@okx) June 7, 2023
Swift Explores Blockchain Interoperability
Swift is collaborating with over a dozen establishments to discover blockchain interoperability challenges. It has partnered with Chainlink to combine with a number of public blockchains.
The companion establishments are ANZ Financial institution, BNP Paribas, BNY Mellon, Citi, Lloyds Financial institution, Clearstream, Euroclear, DTCC, and SIX Digital Trade.
“There’s unlikely to be a single prevailing blockchain community,” mentioned Tom Zschach, the Chief Innovation Officer at Swift. “In such a extremely fragmented ecosystem, it might merely not be possible for monetary establishments to connect with every platform individually. That’s why the group is working with Swift to develop an interoperability mannequin that might allow entry to completely different platforms globally.”
El Salvador’s Bitcoin Miner Launches with $250M Funding
Volcano Power has acquired $250 million of the pledged $1 billion and launched its Bitcoin mining operation in El Salvador. The mining facility has a capability of 241 megawatts (MW), divided between 169MW of photovoltaic energy and 72MW of wind energy.
The computing vitality of the mining facility is estimated to exceed 1.3 exahashes per second, which is able to put it among the many prime 20 Bitcoin mining services globally.
.@Volcano_Energy 🌋🔌 receives the primary $250M of a $1 billion dedication that kickstarts 241 MW’s of #Bitcoin mining in El Salvador.
“We Received The Energy” https://t.co/j2wE6UJq0Opic.twitter.com/db3PZvFo4q
— Max Keiser, sr. bitcoin advisor pres. Bukele 🌋🧢 (@maxkeiser) June 7, 2023
