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South Street Securities and Affiliates Shortlisted for the Securities Finance Times Industry Excellence Awards

Colleen Judge
June 11, 2024

We are thrilled to announce South Street Securities and affiliates are shortlisted for the following 2024 Securities Finance Times Industry Excellence Awards categories:

Americas Repo Team Of The Year
Best Partnership Of The Year
ESG Initiative Of The Year
New Securities Finance Team

South Street Securities Holdings Shortlist

  • Best Partnership of the Year (GX2 Systems)
  • ESG Initiative of the Year

South Street Securities Shortlist

  • Americas Repo Team of the Year
  • New Securities Finance Team of the Year

Matrix Applications Shortlist

  • Regulatory Solution of the Year
  • Post Trade Technology Provider of the Year
  • ESG Initiative of the Year

Award Descriptions

Open to a team providing repo services in the geographical region specified. Entries should summarize main features of the service and how this delivers value to its clients. Which elements deliver outperformance? You may wish to comment on trading strategy, use of service partners, efficient use of inventory and balance sheet, evolution of client base, ability to negotiate testing market conditions and regulatory change.

A partnership between two or more organizations that has delivered service innovation, performance improvement and/or higher standards of risk management and operational efficiency to the securities finance industry.

This award recognizes a group or initiative that demonstrates commitment to sustainable securities finance transactions. It will promote the long-term improvement of the securities finance industry and is not a temporary or occasional campaign. The submission should provide examples of initiatives that have had a positive impact on sustainability and sound governance, applying ESG principles to securities lending, financing and/or collateral management functions.

The entry will highlight key features of service and why this outperforms other regulatory solutions applicable to securities finance transactions. Specify how it helps clients to meet their regulatory compliance and reporting requirements; how it helps clients to manage regulatory adaptation and to meet associated cost and time pressures.

This category is open to technology solutions that support the securities finance transaction across its post-execution lifecycle, which may include matching and reconciliation, settlement, billing, managing corporate actions and lifecycle events. Specify how this solution provides an efficient environment in which to manage post-trade risk, to handle exceptions and repairs, and to deliver high levels of post-trade efficiency (low fail rates, high STP rates), while helping to reduce post-trade costs.

A category open to a securities finance team that has been established in the past three years. Entrants should explain why the team was created, main features of its service, how its business and product/service range have grown, and plans for future expansion. What makes this team stand out? And what impact is it having on the market?

 

About Securities Finance Times Industry Excellence Awards

The Securities Finance Times Industry Excellence Awards are dedicated to supporting and recognizing talented and dedicated firms, individuals and departments across our industry. To ensure the Industry Excellence Awards are purely based on merit, the judging panel is formed by independent industry professionals.

About South Street Securities Holdings

South Street Securities Holdings, Inc. operates through its wholly owned subsidiaries. Affiliates include South Street Securities LLC, a FINRA and SIPC member, who holds a FICC Tier 1 membership and is focused on repo dealer financing US Treasuries, Agency MBS, TBA mortgage origination hedging and equity finance. Matrix Applications, LLC, a technology and back-office services company, AmeriVet Securities, Inc., a FINRA and SIPC member who operates an SEC registered service-disabled veteran and minority owned broker dealer, GX2 Systems LLC, a fintech software development company that engineers electronic trading solutions for the fixed income and futures markets, and GX2 Spread Markets LLC, a FINRA, SIPC and NFA boutique broker dealer offering a fully hosted aggregation and spread execution platform as a service for US Treasuries and Futures.

About South Street Securities 

South Street Securities LLC is a leading independent provider of specialized financing, servicing capital markets institutional asset managers (including traditional and hedge fund managers), real estate investment trusts ("REITs"), tri party investors, mortgage lenders, midsize and middle market securities broker-dealers, and corporate and government issuers. South Street Securities LLC operates from its New York headquarters with a branch office in Arkansas

About Matrix Applications

Matrix Applications is a New York-based fintech service bureau that offers a suite of collateral management, margining and clearing systems for institutional fixed income trading and equities securities lending. We are a team of capital markets and systems professionals delivering financial technology solutions to institutional firms since 2000. We work hands-on with our clients to identify an optimal mix of services to best fit their needs, from systems to back-office operations assistance. With in-house and offshore developers, we provide our clients with the right solution at the right price. Comprised of industry veterans and financial professionals, we leverage our extensive technical experience, a deep network across the finance industry and a team of ops, regulatory and legal gurus to deliver bespoke managed services for firms big and small.

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