The companies, products and regulatory developments shaping the broker industry.
Daily repo activity recovered from August but remained below July. The more consequential change is the broader collateral network: faster coordination of securities and cash could improve funding efficiency, while turnover alone cannot measure the saving.
A two-year note settled on BNY’s private ledger within minutes and then backed overnight financing. The completed workflow connects faster settlement with collateral use, while broader round-the-clock services remain on BNY’s roadmap.
The call for evidence tests digital twins, native DLT assets and hybrid arrangements against liquidity, segregation, finality and default-management requirements.