BNYM clears the first Eurex Lending CCP client trade – have the floodgates opened?

BNY Mellon announced today that it is the first agent lender to clear a client trade on Eurex’s Lending CCP. This move, some four years in the making at BNYM and eight years at Eurex, could mark a turning point for beneficial owners, agents and borrowers in securities lending capacity and market structure. We spoke with BNY Mellon and several buy-side firms on where things go from here.
This content requires a Finadium subscription. Articles with an unlocked symbol can be accessed with free registration. Log in or create a free account by signing up here..