The New York Clearing Corporation (NYCC), the clearing house subsidiary of the New York Board of Trade, has awarded JPMorgan Treasury Services (TS) a mandate to become its Continuous Linked Settlement (CLS) service provider. The NYCC hopes to streamline the settlement of its quarterly foreign currency futures contracts by connecting to CLS. It also noted that CLS will enable NYCC to net capital inflows and outflows, mitigating systemic risk.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.