Euroclear Bank has opened an account with Hong Kong’s Central Securities Depositary, the Central Moneymarkets Unit (CMU).

The Brussels-based international central securities depositary (ICSD) says this coincides with the recent announcement by Hong Kong’s Securities and Futures Commission and the China Securities Regulatory Commission on the implementation principles of the Mainland-Hong Kong Mutual Recognition of Funds (MRF)initiative; membership enables Euroclear to participate in the MRF through the CMU.

In addition to the existing availability of Hong Kong-domiciled funds, Euroclear Bank clients will be able to access China-domiciled funds through Euroclear’s automated fund processing platform - FundSettle. 

A new Greenwich Associates report, Blurred Lines: Sales Traders Drift Toward Execution Consultancy, shows that a majority of the more than 300 US institutional equity investors participating in the study are now willing to accept single coverage across high-touch and electronic trades. 

Volante Technologies Inc says IWIAfrica is to use its Volante Designer to enable communication with banks and financial institutions’ systems via SWIFT and FIX messages.

To remain competitive in today's financial advice industry, broker-dealers must recalibrate their relationships with their advisors to according to a white paper released today by Pershing LLC, part of the BNY Mellon group.

Why Teams Are the Client of the Future for Broker-Dealers points out that changes in the advisor-client of the modern broker-dealer present different challenges and opportunities that broker-dealers must navigate.

Speaking on the current market volatility, Valentijn van Nieuwenhuijzen, Head of Multi-Asset at NN Investment Partners, says: "In the aftermath of the shocking devaluation of the Chinese currency, markets remained focussed on fragility in the broader emerging market complex. 

From New York, Genpact, a specialist in designing, transforming, and running intelligent business operations, reports the expansion of its Genpact OpenWealth business, which provides wealth management services to wrap platforms, insurers, banks, brokers, wealth, and asset managers.