OpenYield’s Post

Today, we are excited to announce that RBC Clearing & Custody will provide clearing services to OpenYield. We are proud to be the first ATS on the RBC Clearing & Custody platform, expanding the reach of our low cost, highly efficient and highly liquid bond marketplace. Founder and CEO Jonathan Birnbaum commented on the news, stating: “By modernizing the bond trading protocol, OpenYield aims to generate a high volume of tickets, necessitating a trusted clearing broker who is both highly reliable and tech-forward. We are delighted to select RBC to power this crucial part of our business. We view this clearing relationship as the start of a broader collaboration across their leading fixed income franchise.”    Read the full press release here: https://lnkd.in/e8hae_xB #bondmarketplace #ATS #clearingbroker #bonds #capitalmarkets #fintech #fixedincome 

Huge news that our whole team is excited about! Corporate treasurers (and investors) are still focused on the importance of a diversified approach to cash management. Not only do they want their cash segmented properly based on liquidity needs, they want it spread between multiple top-tier banks #mufgtechnologybanking #liquiditymanagement #corporatetreasury #technologybanking

The UTI is driving a new level of transparency and efficiency across securities settlements If you’re interested in learning more about these innovations, this article is a must-read! Jonathan Ehrenfeld Solé #Securities #PostTrade #CapitalMarkets #Innovation #FinancialServices

We will support Swift (LEI HB7FFAZI0OMZ8PP8OE26) and the securities industry in promoting the UTI alongside the LEI that it contains. I share Jonathan Ehrenfeld Solé’s view that both standards improve transparency and bring efficiency gains to the Securities industry. “We worked with about 50 financial institutions to think about what the best options are to be able to track end-to-end and both sides. We reviewed a number of candidates, but long story short, the best candidate was to use the UTI. This is because it is an ISO reference that is already used for regulations like SFTR. It contains the LEI, which makes it a perfect candidate to know who is the issuing party of the UTI. And it is already in a format that can be hosted in any message, whether that’s a Swift message or a FIX message or anything else, because it’s a string of characters for a unique reference that is already used. It’s not ambiguous. It’s unique to both sides of the transaction.” Jonathan Ehrenfeld Solé, Head of Strategy at Swift.

Interest in tokenization within FX is growing, with research and exploratory initiatives ramping up. Delivery-versus-payment (DvP) and payment-versus-payment (PvP) are the focus of most use cases currently. More standardized asset life cycles and operational efficiencies are among the key benefits, though it is still not clear exactly what problem tokens would solve. Explore more of our innovation insights >> https://lnkd.in/eexn-dP9 #CLSGroup #ShapingFX #insights #innovation #tokenization

Here’s an interesting article on the convergence of securities lending and repo tech on the trading desk. My colleague Ed Tyndale-Biscoe, Head of Secured Funding Product Development at ION Markets, recently spoke to Anna Reitman at Finadium about the role of trading technology in the age of electronification and optimization, and what is supporting their convergence or keeping them separate. He discussed how ION Markets implements repo and securities lending workflows to support both business lines throughout the trade lifecycle, in a single application. He also mentioned why he doesn’t expect full integration of these desks overnight. Read it here.

Here’s an interesting article on the convergence of securities lending and repo tech on the trading desk. My colleague Ed Tyndale-Biscoe, Head of Secured Funding Product Development at ION Markets, recently spoke to Anna Reitman at Finadium about the role of trading technology in the age of electronification and optimization, and what is supporting their convergence or keeping them separate. He discussed how ION Markets implements repo and securities lending workflows to support both business lines throughout the trade lifecycle, in a single application. He also mentioned why he doesn’t expect full integration of these desks overnight. Read it here.

Here’s an interesting article on the convergence of securities lending and repo tech on the trading desk. My colleague Ed Tyndale-Biscoe, Head of Secured Funding Product Development at ION Markets, recently spoke to Anna Reitman at Finadium about the role of trading technology in the age of electronification and optimization, and what is supporting their convergence or keeping them separate. He discussed how ION Markets implements repo and securities lending workflows to support both business lines throughout the trade lifecycle, in a single application. He also mentioned why he doesn’t expect full integration of these desks overnight. Read it here.

Here’s an interesting article on the convergence of securities lending and repo tech on the trading desk. My colleague Ed Tyndale-Biscoe, Head of Secured Funding Product Development at ION Markets, recently spoke to Anna Reitman at Finadium about the role of trading technology in the age of electronification and optimization, and what is supporting their convergence or keeping them separate. He discussed how ION Markets implements repo and securities lending workflows to support both business lines throughout the trade lifecycle, in a single application. He also mentioned why he doesn’t expect full integration of these desks overnight. Read it here.

Here’s an interesting article on the convergence of securities lending and repo tech on the trading desk. My colleague Ed Tyndale-Biscoe, Head of Secured Funding Product Development at ION Markets, recently spoke to Anna Reitman at Finadium about the role of trading technology in the age of electronification and optimization, and what is supporting their convergence or keeping them separate. He discussed how ION Markets implements repo and securities lending workflows to support both business lines throughout the trade lifecycle, in a single application. He also mentioned why he doesn’t expect full integration of these desks overnight. Read it here.