Securities lending

Northern Trust Announces Leadership Changes

Retrieved on: 
Wednesday, February 7, 2024
Banking, Asset Management, Professional Services, Finance, Risk management, Securities lending, Bellows, Development, Professional, Investment fund, Management

Northern Trust announced that Clive Bellows, currently Head of EMEA Global Fund Services, will assume the role of President, Europe, Middle East and Africa (EMEA).

Key Points: 
  • Northern Trust announced that Clive Bellows, currently Head of EMEA Global Fund Services, will assume the role of President, Europe, Middle East and Africa (EMEA).
  • Bellows will succeed Teresa Parker, President, Europe, Middle East and Africa, who plans to retire at midyear, culminating a 42-year, globe-spanning career at Northern Trust.
  • “Teresa has been a tremendous partner in all aspects of our business, and we thank her for ably representing Northern Trust with professionalism, integrity and consummate leadership,” Chairman and Chief Executive Officer Michael O’Grady said.
  • Parker, who joined Northern Trust in 1982, created a strong foundation of risk management and sustainable growth across asset servicing, asset management and wealth management in the EMEA region.

Robinhood Reports Third Quarter 2023 Results

Retrieved on: 
Tuesday, November 7, 2023
Crypto, Adjustment, Active users, AUC, ARPU, SBC, MAU, Cryptocurrency, EBITDA, IRA, Fraud, Robinhood Markets, GAAP, Gold, Acquisition, Entrepreneurship, Growth, EPS, ETF, Net, Investment, Movement, Securities lending, EU, Bank, Financial services, Automotive industry, Video game, Beauty salon, Q3

MENLO PARK, Calif., Nov. 07, 2023 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD) today announced financial results for the third quarter of 2023, which ended September 30, 2023.

Key Points: 
  • MENLO PARK, Calif., Nov. 07, 2023 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD) today announced financial results for the third quarter of 2023, which ended September 30, 2023.
  • Q3 2023 EPS of -$0.09 included -$0.11 per share impact from a regulatory accrual of $104 million.
  • Robinhood will host a conference call to discuss its results at 2 p.m. PT / 5 p.m.
  • Based on our Q3 2023 results, our expense outlook for 2023 has changed from our prior outlook at Q2 2023 earnings (August 2, 2023).

A-Mark Precious Metals Reports Fiscal First Quarter 2024 Results

Retrieved on: 
Tuesday, November 7, 2023
Line of credit, Direct, Gold, Insurance, JMB, Policy, EBITDA, A-Mark Precious Metals, Information technology, Securities lending, Silver, Depreciation, Investment, Bank, Real estate, Security (finance), Reinsurance

EL SEGUNDO, Calif., Nov. 07, 2023 (GLOBE NEWSWIRE) -- A-Mark Precious Metals, Inc. (NASDAQ: AMRK), a leading fully integrated precious metals platform, reported results for the fiscal first quarter ended September 30, 2023.

Key Points: 
  • The Direct-to-Consumer segment contributed 13% and 23% of the consolidated revenue in the fiscal first quarters of 2024 and 2023, respectively.
  • JMB’s revenue represented 12% of the consolidated revenues for the fiscal first quarter of 2024 compared with 20% for the prior year fiscal first quarter.
  • The Direct-to-Consumer segment contributed 43% and 55% of the consolidated gross profit in the fiscal first quarters of 2024 and 2023, respectively.
  • Gross profit contributed by JMB represented 36% of the consolidated gross profit in the fiscal first quarter of 2024 and 48% of the consolidated gross profit for the prior year fiscal first quarter.

CloseFactor Launches Deep Dives to Help Sellers Lead With Value in Every Conversation

Retrieved on: 
Tuesday, October 10, 2023
Spend, Foot, AI, Entrepreneurship, LLM, Securities lending, Attention, CFO, Machine learning, Research, PALO, Sales

By leveraging AI and machine learning to automate the entire process, CloseFactor’s mission is to help sellers target the right person, at the right account, with the right message, at the right time.

Key Points: 
  • By leveraging AI and machine learning to automate the entire process, CloseFactor’s mission is to help sellers target the right person, at the right account, with the right message, at the right time.
  • “Selling in B2B today is nothing short of difficult,” said Leena Joshi, CEO and Co-Founder of CloseFactor.
  • Get easier buy-in from the C-Suite with insight into board level strategies including financial performance, market expansion opportunities, and more.
  • "CloseFactor has been instrumental in helping our sales organization identify the exact pains our buyers are experiencing so that they can lead with value at every step of the sales process.”
    Account Deep Dives are now available starting today.

Nasdaq Study Shows Legacy Technology and Regulation Preventing Financial Institutions From Capturing Growth Opportunities

Retrieved on: 
Thursday, September 14, 2023
RPA, Partnership, Senior, CPSS-IOSCO Principles for Financial Market Infrastructures, Robotic process automation, Shareholder rights plan, FMI Air, NDAQ, Securities lending, FMI, Growth, AI, Bank

NEW YORK, Sept. 14, 2023 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) today published the results of a major global survey across the post-trade ecosystem, including over 300 decision makers from exchange groups, custodians, brokers, and other service providers. The report was produced in partnership with the ValueExchange.

Key Points: 
  • The landmark study reveals that 78% of Financial Market Infrastructure (FMI) investment budgets are dominated by maintaining and upgrading legacy technology platforms.
  • This is leaving very little scope for spending on growth initiatives and highlights an ever-increasing risk for the industry.
  • Roland Chai, Executive Vice President and Head of Marketplace Technology at Nasdaq, said: “Over decades technology debt has built up amongst infrastructure providers across financial markets.
  • The study finds the reach of mandatory regulatory change is the central concern for 64% of our respondents.

Northern Trust Announces Dane Fannin will Spearhead its Global Foreign Exchange Business

Retrieved on: 
Wednesday, August 23, 2023
Finance, Banking, Professional Services, Asset Management, Insurance, EFX, Liquidity, Northern Trust, Capital market, GFX, Gibson, Trust, Securities lending, Security (finance), FX, NTRS, Treasury services, Collateral, Cryptocurrency, Financial services

Northern Trust (Nasdaq: NTRS) today announced Dane Fannin will lead its growing Global Foreign Exchange business, expanding his Securities Finance role.

Key Points: 
  • Northern Trust (Nasdaq: NTRS) today announced Dane Fannin will lead its growing Global Foreign Exchange business, expanding his Securities Finance role.
  • As global head of Global Foreign Exchange (GFX) and Securities Finance, Fannin, who joined Northern Trust in 2006, will be responsible for the continued technology innovation and business growth across the suite of GFX and Securities Finance solutions.
  • He reports to Guy Gibson, executive vice president and global head of Capital Markets, Banking & Treasury Services.
  • Prior to assuming his role as global head of Securities Finance, Dane was head of Capital Markets Asia-Pacific.

A-Mark Precious Metals Direct-to- Consumer Subsidiary JM Bullion Closes Asset Acquisition of BGASC

Retrieved on: 
Tuesday, October 25, 2022
Palladium, CA, U.S. Securities and Exchange Commission, CFC, Securities lending, Sale, United States Navy Working Capital Fund, DTC, Platinum, Omnichannel, NASDAQ, Contract, JMB, GLI, Security (finance), PMPP, Private Securities Litigation Reform Act, Company, Silver, Acquisition, A-Mark Precious Metals, Duane Morris, Securities Exchange Act of 1934, Television, Gold, United Kingdom, Direct, AOV, Failure, COVID-19, Radio, Ancillary services (electric power), Financial adviser, Cryptocurrency, Gold Line

Dan Shea, Managing Director with Objective Capital Partners, acted as financial advisor to BGASC, and Duane Morris LLP acted as legal counsel to JM Bullion.

Key Points: 
  • Dan Shea, Managing Director with Objective Capital Partners, acted as financial advisor to BGASC, and Duane Morris LLP acted as legal counsel to JM Bullion.
  • A-Marks Direct-to-Consumer segment operates as an omni-channel retailer of precious metals, providing access to a multitude of products through its wholly owned subsidiaries, JM Bullion and Goldline .
  • JM Bullion is a leading e-commerce retailer of precious metals and operates six separately branded, company-owned websites targeting specific niches within the precious metals market: JMBullion.com , ProvidentMetals.com , Silver.com , GoldPrice.org , SilverPrice.org and BGASC.com .
  • Goldline markets precious metals directly to the investor community through various channels, including television, radio, and telephonic sales efforts.

A-Mark Precious Metals Sets Fiscal First Quarter 2023 Earnings Call for Tuesday, November 8, at 4:30 p.m. ET

Retrieved on: 
Tuesday, October 18, 2022
Palladium, CA, CFC, Securities lending, Sale, Investor relations, United States Navy Working Capital Fund, Radio, Platinum, Omnichannel, NASDAQ, JMB, Silver, A-Mark Precious Metals, Television, Gold, United Kingdom, Ancillary services (electric power), Security (finance), Cryptocurrency, Gold Line

A replay of the call will be available after 7:30 p.m. Eastern time on the same day through November 22, 2022.

Key Points: 
  • A replay of the call will be available after 7:30 p.m. Eastern time on the same day through November 22, 2022.
  • The call will also be broadcast live and available for replay on the Investor Relations section of A-Marks website at ir.amark.com.
  • JM Bullion is a leading e-commerce retailer of precious metals and operates five separately branded, company-owned websites targeting specific niches within the precious metals market: JMBullion.com , ProvidentMetals.com , Silver.com , GoldPrice.org , SilverPrice.org .
  • Goldline markets precious metals directly to the investor community through various channels, including television, radio and telephonic sales efforts.

Cachematrix by BlackRock Launches New Mobile App for Liquidity Investors

Retrieved on: 
Wednesday, October 12, 2022
Apps, Applications, Technology, Mobile, Wireless, Finance, Banking, Professional Services, Digital Cash Management, Digital Assets, Software, Asset Management, Risk management, Insurance, EMEA, IPhone, LLC, Organization, Pension, NOS, Investment, MMF, Technology, Treasury, United Kingdom, Government, Aladdin, BlackRock, Securities lending, Cryptocurrency, Bank

Through the new mobile platform, users will have a current view of their accounts including current positions, orders, and historical trades.

Key Points: 
  • Through the new mobile platform, users will have a current view of their accounts including current positions, orders, and historical trades.
  • In the future, Cachematrix by BlackRock clients will also be able to place subscription and redemptions requests with their money market funds directly through the app.
  • BlackRock estimates that up to 60% of all orders placed on the Cachematrix by BlackRock portal require dual authorization1.
  • Were immensely proud to bring a new Cachematrix by BlackRock mobile experience to the cash market for our clients.

A-Mark Precious Metals, Inc. Reaches $1.1 Million Settlement with CFTC

Retrieved on: 
Thursday, September 22, 2022
CFTC, Metal, Sale, JMB, Growth, Smart contract, Commodity Futures Trading Commission, Capital market, Gold, Palladium, Omnichannel, Television, United Kingdom, Radio, Silver, Investor relations, CA, NASDAQ, Ancillary services (electric power), Securities lending, United States Navy Working Capital Fund, GLOBE, Platinum, CFC, A-Mark Precious Metals, Cryptocurrency, Security (finance), Gold Line

Pursuant to the settlement, the companies agreed to pay a fine of $450,000 and disgorgement of approximately $628,000.

Key Points: 
  • Pursuant to the settlement, the companies agreed to pay a fine of $450,000 and disgorgement of approximately $628,000.
  • A-Mark and Goldline entered into the settlement without admitting or denying the CFTCs allegations and findings.
  • A-Marks Wholesale Sales & Ancillary Services segment distributes and purchases precious metal products from sovereign and private mints.
  • Goldline markets precious metals directly to the investor community through various channels, including television, radio and telephonic sales efforts.