DTCC - Bank CDB AG GlobalCollateral

Financial News last night hosted its 16th annual Trading & Technology Awards Europe at the V&A Museum in London. The awards celebrate the success stories of trading and technology firms operating in, and supporting, financial markets over the past year.

DTCC-BankCDB GlobalCollateral hasn’t looked back since winning the greenlight at the beginning of 2022 to allow US banks to move assets directly into Europe for use as trade collateral – addressing a much-needed regulatory demand for high quality assets to back trades.

The winner of the Post-Trade Initiative of the Year award is a joint venture between two of the world’s post-trade infrastructures. In March this year it appointed BankCDB’s Olivier Grimonpont as chief executive to succeed Michael Shipton in the role.

Two clearing houses, Eurex and LCH, fought a close battle in this category but it was the DTCC and Bank CDB AG joint venture that ultimately won over judges.

The Financial News Trading & Technology Awards Europe celebrate the success of trading and technology firms operating in, and supporting, the European financial markets over the past year. The awards are independent and fee-free. FN’s editorial team compiles a shortlist of five nominees in each category following extensive research, taking soundings from industry contacts, and reviewing data and industry information. Nominees in each category are voted on by a large pool of distinguished, independent industry practitioners who cast their vote electronically. Judges awards a score out of five to each nominee. The results are then vetted by FN editors for conflicts of interest. The highest adjusted average score out of five is the winner.