While there has been a lot of hype over disruptive technologies and trends, artificial intelligence (AI) and machine learning (ML) could have the biggest impacts upon securities operations, according to a survey of asset managers, conducted by vendor Eagle Investment Systems and the Hegarty Group, a market research firm. The report’s authors acknowledge that while… Read More >>
Your AI Team Should Be Cross Functional: Q&A
(Artificial intelligence (AI) and machine learning (ML) technologies are poised to cause major overhauls in the financial services industry. Securities operations teams across the globe are laying the groundwork to embrace this inevitable disruption. To provide our readers with insight on how to take the first steps, FTF News reached out to Rashed Haq, the… Read More >>
Mining the Metadata of Cloud-Based Voice Trading
(Editor’s note: Germán Soto Sanchez, president of Cloud9 Technologies, answers questions from FTF News about the metadata and operational benefits that can be derived from software-based voice trading that is supported via cloud computing. Sanchez also reviews the limits of hardware-based trading turrets that in the past have dominated trading desks relying on phone systems… Read More >>
GTS Wants to Democratize Market Access via Acquisition
High-frequency trading (HFT) firm GTS is acquiring for an undisclosed sum the exchange-traded funds (ETFs) and wholesale market-making businesses of Cantor Fitzgerald, a move that will bring institutional and retail clients the same access to the benefits of machine learning, artificial intelligence (AI) and execution technology, GTS officials say. GTS describes itself as “a quantitative… Read More >>
Synechron Launches 11 A.I. Data Science Accelerator Centers
Synechron to Focus on Financial Services & Insurance Sectors Synechron, Inc., a financial services consultant and IT services provider, reports the launch of artificial intelligence (AI) data science accelerators for financial services, banking and insurance firms. The new accelerators “help financial services and insurance firms solve complex business challenges by discovering meaningful relationships between events… Read More >>
SS&C Aims Singularity at Industry-Wide Ops Problems
SS&C Technologies has been quietly laying the groundwork for a single-platform initiative, dubbed Singularity, that will target investment operations and accounting. While the effort has had a soft launch this year, a more formal debut is slated for next year. “We’ve done a soft launch selling it to specific customers where it’s a good fit…. Read More >>
SWIFT & Microsoft Collaborate to Bring Payments to Azure
SWIFT and Microsoft Join Forces for a POC Software giant Microsoft and financial messaging cooperative SWIFT are taking a major step forward in making Microsoft’s Azure cloud computing service the host for native payments, officials announced at SWIFT’s SIBOS conference underway this week in Sydney, Australia. The two companies acknowledged that they have been working… Read More >>
Wall Street Mulls Potential of ‘Intelligent Automation’
So-called “intelligent automation” could add $512 billion to the global revenues of financial services firms by 2020. That’s the bullish prediction from Capgemini, a French multinational professional services and business consulting corporation that characterizes itself as a “multicultural company of 200,000 team members in over 40 countries,” with a half-century-long history. Its internal Digital Transformation… Read More >>
TransparINT Acquired by Steele Compliance Solutions
Steele Compliance Solutions is taking a major step forward in applying artificial intelligence (AI) technologies to new compliance tools for financial services firms via its recently announced acquisition of TransparINT, which offers data filtering that exploits machine learning and natural language processing (NLP). Steele declined to reveal what it paid for TransparINT and assured FTF… Read More >>
How AI May Help Speech Transcription for Ops
Among some people in operations, anything related to artificial intelligence (AI) often is met with trepidation because of the potential of AI-based systems eliminating positions in Ops. This fear is somewhat justified even though there is mounting evidence that AI can help financial services firms replace tedious tasks — and not staff members — with… Read More >>
