AmInvestment Bank, based in Kuala Lumpur, Malaysia, has deployed a securities finance and collateral management platform from Broadridge Financial Solutions to help the firm expand its prime brokerage business lines and boost its value proposition, officials say. The investment banking arm of the Ambank Group, AmInvestment Bank officials say that the single platform allows the… Read More >>
T+1 Glitches Emerge Between U.S. & E.U. Settlement
At a recent European Securities and Markets Authority (ESMA) public hearing on T+1 settlement, market participants expressed confidence that misalignments caused by North America’s transition will be resolved once the European Union (E.U.) adopts a shortened settlement cycle. While North America’s transition to T+1 was largely uneventful, hailed as a success by many, including DTCC… Read More >>
Cboe Clear Europe & ABN Amro Test CBDC as Collateral
Cboe Clear Europe, a pan-European clearinghouse, and ABN Amro Clearing Bank N.V., report that they have been testing the use of a central bank digital currency (CBDC) as collateral, essentially exploring the potential of distributed ledger technology (DLT). In particular, they have been “testing the viability of the solution for margin calls outside the opening… Read More >>
Google Cloud’s Quant Collaboration Has Lessons for Ops
We at FTF and FTF News focus much of our attention on post-trade operations. But every once in a while we take a look at some of the breakthroughs happening in the front office. Such advances ripple through to the middle- and back-office Ops teams. A case in point is the quantitative trading firm Hudson… Read More >>
Global Relay Links to OpenAI’s ChatGPT API
Global Relay, a provider of communications compliance solutions, is embracing a generative artificial intelligence (A.I.) technology provider to help its financial services clients, officials say. For instance, the self-regulatory organization (SRO) Financial Industry Regulatory Authority (FINRA) has requirements for overseeing A.I. chatbot communications, “mandating that AI-driven communications must adhere to the same supervision, content, and… Read More >>
Gresham & Alveo Merge to Offer More Data Services
Following a complex set of financial maneuvers, data reconciliation vendor Gresham Technologies has merged with Alveo, a market data integration and analytics solutions provider, via a transaction that Alveo’s majority owner private equity firm STG Partners helped make happen, officials say. In fact, before the current merger, STG Partners and Alliance Bidco, a company owned… Read More >>
Can a Proposed Standard Stop SSI Failures?
Standard Settlement Instructions (SSIs) are important for securities transactions because they specify the location for delivery after execution. However, SSIs cause a high rate of failures at the settlement stage, and the Financial Markets Standards Board (FMSB) is taking steps to rectify the situation. The ongoing use of “manual SSI exchanges, which are prone to… Read More >>
Apex Fintech Launches Platform for Building Investment Infrastructures
Apex Fintech Solutions is launching an investment infrastructure platform, dubbed Apex Ascend, that has been designed to help clients improve their capability to “operate efficiently and better navigate risk on a global scale,” officials say. The cloud-native platform offers built-in tools and data to help firms create, integrate, scale, and operate globally and offers key… Read More >>
Achieve T+1 Harmony with U.S. Before E.U.: Task Force
The investment management industry believes that the U.K. being out of sync with the T+1 settlement of the U.S. is a bigger problem than with the European Union, and the U.K. needs to get its “skates on” with implementation. That’s according to Andrew Douglas, chair of the U.K. Accelerated Settlement Task Force (AST), which advocates… Read More >>
SS&C Leverages A.I. for ‘Contact Center’ Platform
Asset managers and other financial services firms working in the life, pensions, and retirement sectors need optimal customer service and to help them SS&C Technologies has launched its Contact Center platform, which leverages artificial intelligence (A.I.) to deliver “personalized customer experiences 24/7,” officials say. The SS&C Contact Center is the next-generation platform that builds upon… Read More >>
