Finadium

Europe, Repo, Technology

electronic trading, Europe, Finadium, Repo, technology, topstory

In this report, Finadium delivers the results of conversations with over a dozen market participants using electronic repo trading platforms. We heard from these firms what’s working and what isn’t,…

Opalesque: Impact of the Fed’s programs on credit markets

April 2, 2020

News and Notes

Credit Markets, Federal Reserve, Finadium, Opalesque

Interview with Josh Galper, Managing Principal, Finadium The Federal Reserve said last week it would launch several several programs to “support households, businesses, and the U.S. economy overall in this…

Finadium: Best Practices in Risk Management for Securities Finance

March 11, 2020

Risk Management, Securities Lending

Finadium, risk management, securities finance, topstory

Finadium has conducted an investigation on how large market participants in securities finance manage risk. Our coverage includes how risk managers are positioned in the organization, what methodologies are employed,…

Finadium updates: new mutual fund seclending data, SOFR Averages, events and review of market predictions

March 5, 2020

Securities Lending, SOFR

Big Data, Finadium, Repo, Securities Lending, SOFR, topstory

It’s been a very active Q1 2020 at Finadium, both in our product development and the complex changes in market dynamics that the coronavirus and Brexit have introduced. Here’s a…

Finadium: Are You Ready for DTCC’s Equity Finance CCP?

January 14, 2020

CCP, Market infrastructure, Securities Lending

CCP, DTCC, equity finance, Finadium, NSCC, Securities Lending, topstory

DTCC’s equity finance central counterparty (CCP), expected to launch in early 2021, has the potential to change long-held patterns in the securities lending industry, both in the US and abroad.…

What we learned at our Zurich 2019 event (Premium)

December 12, 2019

ESG, Europe, Securities Lending

ESG, Finadium, securities finance, topstory, Zurich

We held our 6th annual securities finance event in Zurich last week with record attendance. The buy-side spoke out, market participants across the sell-side, technology and regulatory communities were engaged,…

Clients of collateral technology vendors are working to solve new problems

October 17, 2019

Big Data, collateral management, Finadium, technology, topstory

Finadium recently completed its sixth large-scale survey of collateral management technology vendors. As usual, the data produced some valuable insights on the direction of this market segment. While clients of…

Finadium: Collateral Management Technology Vendors in 2019: A Finadium Survey

September 17, 2019

collateral management, Finadium, SFTR, technology, topstory, UMR

Finadium has conducted its sixth industry-wide survey of collateral management technology vendors, providing a comparative look at the development of this sector, and focusing exclusively on vendors providing collateral technology…

ISLA publishes Regulatory and Policy Maker Guide to Securities Lending, in association with Finadium

September 4, 2019

News and Notes

Finadium, ISLA, Regulatory, Securities Lending

The International Securities Lending Association is delighted to announce the publication of its new Regulator & Policy Maker Guide to Securities Lending. Produced in association with Finadium, a consultancy focused on…

Finadium: Declining Securities Finance Volumes: Pricing, Problems and Solutions

July 11, 2019

Securities Lending

automation, Finadium, pricing, Securities Lending, topstory

A new report from Finadium investigates the causes of reduced securities lending volumes from the perspectives of beneficial owners, agent lenders, prime brokers and hedge funds, and seeks solutions that…

ISLA publishes Institutional Investor Guide to Securities Lending, in association with Finadium

June 17, 2019

News and Notes

Finadium, Institutional Investors, ISLA, Securities Lending

The International Securities Lending Association is delighted to announce the publication of its new Institutional Investor Guide to Securities Lending. Produced in association with Finadium, a consultancy focused on securities…

Finadium: ESG Funds in Securities Lending: A Statistical and Program Analysis

June 13, 2019

Investments, Securities Lending, Technology

ESG, Finadium, Securities Lending, topstory

Environmental, social and governance (ESG) investment funds are on the rise, and with them the importance of these funds in securities lending. Using newly collected data, we document the securities…

Finadium: Total Return Futures, Total Return Swaps and the Repo Market

April 24, 2019

CCP, Derivatives, Repo, Total Return Futures, Total Return Swaps

Finadium, Repo, topstory, Total Return Futures, Total Return Swaps

Total Return Futures (TRF) are emerging as a competitive product to repo and Total Return Swaps, as reported by Delta One trading desks and witnessed at exchanges and CCPs that…

Finadium: Custodians and Client Facing Technology

April 9, 2019

Big Data, Custodians, Technology

Big Data, Custody, Finadium, technology, topstory

The global custody business is becoming digitized, and custodians have adopted innovative strategies in delivering data, widgets and APIs to their global, diverse client bases. A new report from Finadium…

Finadium launches enhanced analytics for US mutual funds and ETFs in securities lending; invites beta testers for online access

April 8, 2019

ETFs, Investments, Securities Lending, Technology

ETFs, Finadium, mutual funds, Securities Lending, topstory

Finadium has created an enhanced database of US mutual funds and ETFs in securities lending that incorporates SEC filings and additional industry content. The database provides clients a comprehensive analysis…

Finadium: Scenarios for a Cyber Collateral Attack

March 26, 2019

collateral, cyberattack, Finadium, topstory

Both the financial services industry and corporations everywhere have faced an increase in cyberattacks in recent years, by both state-led and individual actors. This report focuses on how an attack…

Finadium: The Present and Future of Securities Finance Market Data

March 13, 2019

Big Data, Securities Lending, Technology

Finadium, market data, securities finance, topstory

A new report from Finadium looks at securities finance market data across users and vendors. It evaluates potential future market developments including existing vendors and emerging market entrants. Continue reading

Securities Lending 101 webinar replay and slides (Premium)

March 12, 2019

Collateral Management, Securities Lending

Finadium, Securities Lending, topstory, Webinar

Finadium clients can access the webinar play and slides here. Continue reading

Business of Collateral Trading 2019 roundup and conference materials (Premium)

February 25, 2019

Collateral Management, Europe

BOCT, collateral management, Finadium, Frankfurt, topstory

Here’s what we learned at the Business of Collateral Trading event we held last week in Frankfurt, attended by 81 professionals across the buy-side, sell-side, vendor and regulatory communities. We…

Finadium: Trust, Technology and Advances in Crypto Privacy

February 12, 2019

Cryptocurrency, Technology

Crypto, Finadium, privacy, technology

Trust remains a critical component of building a successful crypto marketplace. While cryptocurrencies and tokens have proven theoretically interesting to the public, continued hacks and exposures of transactions mean that…

Finadium: European Delta One Trader Survey

January 22, 2019

Delta One, Europe, Liquidity Management, Securities Lending

Delta One, Europe, Finadium, listed derivatives, securities finance, topstory

The Delta One business is a type of market making for liquidity and risk management clients that seek economic exposure of a security without the complexity of carrying the underlyings.…

Finadium: Stock Exchanges, Security Tokens and Capital Formation

January 15, 2019

Blockchain, Cryptocurrency, Market infrastructure, Technology

digital assets, Finadium, Security Token Offerings, Stock exchanges, STOs, topstory

Stock exchange complexes have an opportunity to enter and control the Security Token Offering (STO) space, which would at once provide a new mechanism for capital formation and support often…

Finadium: US Repo Market at End of 2018

December 12, 2018

Repo, US

Finadium, Repo, topstory, US

Finadium has released an end of year overview on the US repo market including key themes for liquidity and spreads in the coming year. This report is based on Finadium…

What we learned at yesterday’s securities finance event in Zurich (Premium)

December 6, 2018

Europe, Repo, Securities Lending, Total Return Swaps

events, Finadium, Securities Lending, SFTR, topstory, Zurich

That was really interesting. We held our fifth annual securities lending and repo update yesterday in Zurich. Discussion centered on SFTR and the evolution of the securities finance business in…

Finadium launches new event in Frankfurt, The Business of Collateral Trading, for February 2019

November 19, 2018

Collateral Management, Liquidity Management

Business of Collateral Trading, Finadium, Frankfurt, topstory

Finadium is announcing a new event launch, The Business of Collateral Trading, 21 February 2019 in Frankfurt. This event is the result of our in-depth research and consulting activities in Europe…

Finadium: 2018 Survey of Institutional Investors in Securities Finance

November 15, 2018

Collateral Management, Investments, Securities Lending

collateral management, Finadium, Institutional Investors, Repo, Securities Lending, topstory

In Finadium’s 2018 survey of institutional investors in securities finance, respondents voiced strong support for securities lending, collateral management and repo. These markets are seen as low risk and they…

Finadium report on Cryptojacking: A Growing Corporate Threat

October 31, 2018

Cryptocurrency, Technology

cryptojacking, Finadium, topstory

Cryptojacking has grown from a nuisance to a threat, with over 2.9 million instances recorded in Q1 2018. For financial services firms, the ability of a hacker to not only…

Finadium: The SOFR Transition: Benchmarks, Futures and P&L

October 23, 2018

Interest rates, LIBOR, Repo, SOFR

Finadium, futures, LIBOR, SOFR, topstory

This Finadium research report examines a number of aspects of the SOFR transition. SOFR is an overnight secured rate while LIBOR is an unsecured term rate. LIBOR, in the form…

Get the weekly SFM update – our August 31 2018 newsletter is online

August 31, 2018

Headlines: FICC starts to see liftoff with money fund cleared repo; FISL NYC is coming to town; Sanction backfire, a non-US payment system would change the balance of financial power; …

Save the Date: FISL NYC is May 2-3, 2019

August 29, 2018

Securities Lending

Finadium, FISL NYC, FISL NYC 2019, Securities Lending, topstory

Finadium Investors in Securities Lending (FISL) Conference May 2-3, 2019 New York City Save the Date Finadium has announced our next FISL NYC conference: May 2-3, 2019. Please reserve the…

Get the weekly SFM update – our August 17 2018 newsletter is online

August 17, 2018

See the full newsletter here

Finadium Big Ideas Quarterly Q3 2018 now online

August 1, 2018

Collateral Management, Repo

collateral, Finadium, Repo, topstory

Our quarterly presentation on research, news and events. Finadium Securities Finance, Collateral and Derivatives subscription clients can log in and download the presentation here. If you are already logged in,…

Finadium: Collateral Trading Platforms and Service Providers: A Finadium Survey

July 10, 2018

Automation, Collateral Management

collateral management, collateral services, Finadium, topstory, trading platforms

The collateral management services space has seen over a dozen new entrants join existing banks and technology companies in the last two years, who themselves have continued to adapt their…

Finadium/DEGC repo breakfast recap: sharp insights on market structure, technology and future risks (Premium)

June 4, 2018

Repo, Technology, Tri-Party Repo, US

DEGC, Finadium, Repo, topstory, tri-party, US

Finadium and DTCC-Euroclear GlobalCollateral (DEGC) held a repo breakfast update on Thursday, May 31 in New York. We were pleased to welcome 45 market participants across 27 dealer, buy-side and…

Finadium: Is Frankfurt the Next Collateral and Liquidity Hub?

May 15, 2018

Asia, Collateral Management, Europe, Liquidity Management

Asian banks, collateral, Finadium, Frankfurt, Liquidity, topstory

A new Finadium research report looks at Frankfurt as a financial center and some key aspects that may determine its competitiveness and future relevance post-Brexit and beyond. Does it have…

Presentation: The Legitimacy of Cryptocurrencies and Internet Coin Offerings (Premium)

March 15, 2018

Bitcoin, Blockchain, Cryptocurrency, ICO, Technology

cryptocurrencies, Finadium, ICOs, topstory

We recently delivered a presentation on the legitimacy of cryptocurrencies and Internet Coin Offerings both legally and in the popular imagination. This overview is useful for readers thinking about the…

Finadium: Solving the Credit Risk Exposure Problem for the Buy-side in Securities Finance

March 14, 2018

Credit Exposure, Investments, Repo, Securities Lending

buy-side, credit intermediation, Finadium, Repo, Securities Lending

Unlocking unutilized lender supply would change the landscape for both securities finance and capital markets in general, but finding new credit support structures that securities lenders will accept is a…

Best practices for buy-side securities lending at FISL NYC and London – not just a good idea but important for revenues and risk management

March 12, 2018

Hedge Funds, Investments, Pensions, Securities Lending

best practices, Finadium, FISL, Securities Lending

Securities lending has strong legitimacy in capital markets as a revenue generating activity for clients, and for passive funds can make the difference between a top ranking and falling near…

How many data fields are really needed by regulators to supervise Securities Financing Transactions?

March 8, 2018

Big Data, ESMA, Financial Stability Board, Repo, Securities Lending

Finadium, FSB, reporting, securities financing transactions, SFTR, topstory

It’s widely accepted that the 152 fields designated by the EU’s Securities Financing Transactions Regulation (SFTR) is overkill. In fact, many of these fields don’t currently exist in participant computer…

Finadium Survey: Better Regulation for Europe’s Securities Financing Transactions

February 14, 2018

Basel III, Collateral Management, ECB, Europe, Repo, Securities Lending

Basel III, Europe, Finadium, Leverage Ratio, Liquidity Coverage Ratio, Repo, securities financing transactions, Securities Lending, topstory

European regulation of Securities Financing Transactions (SFTs) is having its desired effect, which is a near gold standard of risk management. Unfortunately, it’s at the cost of market vibrancy. A…

Finadium welcomes Kurt Jarnagin as Senior Consultant in Frankfurt

January 23, 2018

Collateral Management, Uncategorized

Finadium, Frankfurt, Kurt Jarnagin, topstory

Finadium is pleased to announce that Kurt Jarnagin has joined the firm as a Senior Consultant. Based in Frankfurt, Kurt has already begun work on Finadium research projects and consulting…

Finadium: Evolution of the Total Return Swaps Market

January 17, 2018

Delta One, Derivatives, Repo, Securities Lending, Total Return Swaps

Finadium, Repo, Securities Lending, topstory, Total Return Swaps, TRS

In this report, we examine the current state of the Total Return Swaps (TRS) market through conversations with major market participants and a review of bank financial statements. Our conversations…

Securities finance as an alpha generator on the buy-side? A FISL NYC and London afternoon session

January 11, 2018

FISL, Hedge Funds, Investments, Repo, Securities Lending

Alpha generation, asset managers, Finadium, FISL, hedge funds, securities finance, topstory

Can hedge funds and asset managers generate meaningful alpha for their portfolios using securities finance? This is an important question for both the funds themselves and the professionals that work…

Finadium: Smart Contract Vendors on Solving Problems in Capital Markets: A Finadium Survey

January 10, 2018

Blockchain, Technology

blockchain, distributed ledger technology, Finadium, smart contracts, topstory

Smart contracts are a next phase of development in Distributed Ledger and blockchain technologies. They present an opportunity to automate currently manual processes and move algorithms that run on legacy…

Agenda now online for Finadium Investors in Securities Lending Conference New York, April 11-12 2018

January 8, 2018

Securities Lending

Finadium, Finadium Investors in Securities Lending, FISL, New York 2018, topstory

Finadium announces the agenda for its US Investors in Securities Lending (FISL) Conference, to be held in New York, April 11-12 2018. Our 2017 FISL events showed that a new…

Finadium: Collateral Management Technology Vendors in 2017: A Finadium Survey

December 13, 2017

collateral management, Finadium, technology, topstory

Finadium has conducted its fifth industry-wide survey of collateral management technology vendors, providing a comparative look at the development of this sector. The survey provides readers with a product summary…

Finadium webinar replay and slides: Implementing Change in 2018 (Premium)

December 7, 2017

Basel III, Collateral Management, Prime Brokerage, Repo, Securities Lending, Technology, Tri-Party Repo

collateral management, Finadium, Repo, Securities Lending, topstory

We delivered two client webinars today on implementing change in 2018. 2017 was a big year, with many moving parts in the collateralized trading markets across the business, regulation and…

Finadium Report: Analysis from the US Rates & Repo 2017 Conference

December 5, 2017

Hedge Funds, Investments, Repo, US

events, Finadium, FISL, hedge funds, Rates & Repo, Repo, topstory, US

Finadium has documented the questions and feedback from our November 1, 2017 Rates & Repo event in New York as a research report. The event drew 145 attendees, with 34%…

Finadium: European Prime Brokerage Survey: Customers, Capital and Business Models

November 15, 2017

Basel III, Liquidity Management, Prime Brokerage

Europe, Finadium, Prime Brokerage, topstory