Acadia, a provider of risk, margin, and collateral tools for derivatives transactions, has unveiled the 12th release of its Open Source Risk Engine (ORE) that offers advances in market risk and initial margin analytics, officials say. This latest release of ORE “completes a financial instrument rollout across all risk classes covered by the service —… Read More >>
FTF Reveals the Winners of the 2024 FTF Awards
Financial Technologies Forum (FTF) proudly announces the 2024 FTF News Technology Innovation Awards competition winners. The awards effort shines the spotlight on the winners of the FTF Awards competition — now in its 13th year — for their accomplishments in 2023 and on individuals who have made great contributions to their profession and those who… Read More >>
Ops FMIs Propose Blueprint to Safeguard Digital Assets
DTCC, Clearstream, and Euroclear in conjunction with Boston Consulting Group (BCG) are launching “a comprehensive risk and control framework” for the digital assets industry, including tokenized assets, and the trio asserts the timing is right for such a blueprint. The blueprint, dubbed the Digital Asset Security Control Principles (DASCP) framework, is detailed in a white… Read More >>
North America’s Rocky Road to T+1 Begins
Like it or not, North American firms are getting new plumbing for settlement. Settlement within the shorter time frame of the trading day plus another day, or T+1, is becoming a reality for North American firms, starting with those firms in Canada and Mexico, and with a nod to South America, Argentina, on Monday, May 27,… Read More >>
CACEIS Pioneers Digital Assets Services Unit
CACEIS, an asset servicing provider based in Montrouge, Île-de-France, has launched its Digital Assets business line, making it the first European asset servicing group to do so, officials say. The launch will bolster CACEIS’s digital strategy and help it meet growing demand from investment management firms and institutional investors, officials say. “The Digital Assets business… Read More >>
IPC & VoxSmart Partner to Improve Transcriptions
IPC Systems, a trading communication and multi-cloud connectivity provider, is collaborating with VoxSmart, a communications surveillance company, to improve multilingual transcription technology for financial services firms, officials say. The collaboration will involve artificial intelligence (AI) technology and “real-life conversations had by capital markets professionals,” officials say. The partnership is intended to yield “a 50-fold increase… Read More >>
Firms Fear Manual Processes Could Spur T+1 Failures
As North American financial markets brace for the impending transition to a T+1 settlement cycle next week, concerns are mounting over the reliance on manual post-trade processes, which could lead to unwelcome settlement failures and increased costs. Firms lacking adequate technological infrastructure are now in a frantic last-minute scramble to automate manual post-trade processes, with… Read More >>
Plenitude Consulting Acquires Contineo
Plenitude Consulting, a financial crime risk and compliance company, intends to strengthen its advisory and data analytics offerings with the acquisition of Contineo Financial Risk Solutions Ltd., a specialist financial crime compliance (FCC) provider, officials say. Plenitude Consulting, based in London, is not disclosing the financial details of its acquisition. However, the company will be… Read More >>
NYSE Council to Explore A.I. & Other Technologies
The New York Stock Exchange has launched the NYSE Tech Council, a group of senior technology leaders that will explore best practices for artificial intelligence, cybersecurity, and other cutting-edge technologies. “The council will be comprised of chief technology officers, chief information officers and other C-suite technology leaders from NYSE-listed companies,” according to the announcement. “With… Read More >>
Firms Fortify Ops for the Countdown to T+1
A little over a year ago, the U.S. Securities and Exchange Commission (SEC) announced May 28, 2024, as the deadline for North America’s transit from T+2 to T+1 trade settlement. Now, with the crossover mere days away, the securities industry is racing against the clock to finalize preparations. This week, the DTCC published an update… Read More >>
