March 30 2021
The deal announced last week by Citi and Sharegain for Citi’s wealth management clients to use Sharegain’s tech in their securities lending programs should start a new round of outreach to the forgotten middle market. If this segment can be automated at low cost, that should have some positive impacts for lending clients and intermediaries.
March 29 2021
Last week, Goldman Sachs and Morgan Stanley started making margin calls to family office Archegos, which ultimately led to liquidation in large block trades that surprised the market. We now hear that equity swaps issued by Credit Suisse and Nomura may cause billions in losses. Hedge funds, their investors and their prime brokers are getting a sharp reminder that leverage is still a serious risk, and that equity swaps risk can surprise at the worst time.
March 29 2021
We speak with Pirum’s senior product manager, Avinash Parmar, about distributed ledger technologies as part of a design for corporate actions processing.