BNY and AIA aim to create a connected and scalable ecosystem to support AIA’s evolving investment activities
The Abaxx Exchange, which began trading in Singapore on 28 June, offers post-trade clearing and risk solutions
Northern Trust will be providing custody, fund administration, foreign exchange and cash management services for its newly formed Variable Capital Company (VCC) fund
The company says the energy and carbon derivatives contracts offered on Abaxx enable market participants to better execute their energy transition strategies
The two companies say they aim to create a robust ecosystem for financial institutions to navigate digital assets in a secure and compliant manner
The companies say the new appointment as trustee, fund administrator and custodian, demonstrates the strong collaboration between both organisations
The appointment aims to provide outsourced trading solutions
Vinayak Baht will be responsible for all business oversight within the region and collaboration with State Street Alpha
