In an interview with Global Investor, Donato D’Eramo, president at the Canadian Securities Lending Association (CASLA) and managing director and global head, securities finance at RBC Investor & Treasury Services, Royal Bank of Canada, provided an update on the association’s activities and the latest trends in the Canadian securities lending market.
Speaking on how the securities lending industry is developing he said: “We continue to see the industry apply emerging technologies towards providing beneficial owners with an enhanced view of how programs are being optimized, which capture incremental returns on assets as well as present client information in different mediums to be ingested.”
“Future opportunities revolve around deploying machine learning in some elements of day-to-day decision making to further optimize returns, but also resolve post-trade activities to reduce operational risk. Distributed technology is another space that has the potential to be a significant game-changer. This is because it could radically alter the industry operating environment where the interaction between agents and counterparts is a single view that is real time and always matched.”