GBST and global outsourcer Wipro Ltd. have signed a partnership to help firms move off legacy investment IT and ops platforms and possibly toward artificial intelligence (A.I.) technologies, officials say. The deal unites GBST’s scalable wealth management administration platform with Wipro’s IT, business processing, and back-office outsourcing services. The arrangement will consolidate administrative services “through… Read More >>
Tokenized Securities Offer Many Ops Benefits
(The digital overhaul for securities trading and operations is moving quickly to the next chapter facilitated by blockchains, cryptocurrencies, tokenization, and more. To help those working in traditional securities operations, FTF News reached out to Thomas Sullivan, managing director-head of business development for digital assets at Societe Generale. Sullivan agreed to provide explanations on the… Read More >>
SIX Launches Indices with APIs, More Choices & Packages
SIX says it had asset managers’ needs in mind with the recent launch of global equity indices that offer more data choices and pricing options, integration via Web-based application programming interfaces (APIs), and new content packages. The SIX Global Equity Indices encompasses the SIX World and the SIX Broad & Blue-Chip Indices, officials say. “The… Read More >>
FICC Launches Calculator for U.S. Treasury Clearing
The DTCC’s Fixed Income Clearing Corp. (FICC) is launching an interactive, public-facing calculator, dubbed the Capped Contingency Liquidity Facility (CCLF), to help financial services firms comply with SEC requirements to come for expanded U.S. Treasury clearing, officials say. The “novel tool simulates estimated CCLF obligations associated with FICC GSD [Government Securities Division] membership,” officials say…. Read More >>
BNY Mellon Debuts Pershing X Wove Suite & Bundled Offering
The Bank of New York Mellon is moving to bring greater cohesion to key Pershing offerings, which at the same time will open pathways to the custodian bank’s more enterprise-wide offerings. BNY Mellon’s enhancements to the Pershing X Wove platform are in line with the provider’s goal to be the “most connected advisory platform in… Read More >>
LTX Uses GPT for List Trading Function
LTX, a corporate bond trading platform from Broadridge Financial Solutions, has a GenAI-based list trading function that will allow end-users to leverage Generative Pre-training Transformer (GPT) technology to “generate and execute multi-asset class, multi-directional trade lists” via RFQ+, officials say. “In response to clients’ positive engagement with our GenAI-powered app BondGPT and their request for… Read More >>
M&G Investments Picks Clearwater Analytics
London-based M&G Investments, an international asset manager and part of M&G plc has tapped Clearwater Analytics for its software-as-a-service (SaaS) investment accounting solution for investment accounting and reporting, officials say. The Clearwater Analytics offerings encompass investment management, accounting, reporting, and analytics solutions. “The Clearwater platform will automate investment management and regulatory reporting and support the… Read More >>
U.S. Treasury Clearing Rules Jolt Firms Into Action
Clearing is coming the U.S. Treasury market and buy- and sell-side firms are beginning to get the message. New SEC clearing rules for the U.S. Treasury market, which take effect next year and in 2026, will spur more sell-side firms to offer Treasury clearing via prime brokerage, agency clearing, and futures commission merchant (FCM) services… Read More >>
Chatbots Are On FINRA’s Compliance Radar
(Applications and systems that use artificial intelligence (A.I.) technologies such as chatbots are on the radar of the Financial Industry Regulatory Authority (FINRA), the self-regulatory organization for U.S. broker-dealers. The regulator has issued guidances, updates, and alerts about the subject noting the “benefits for investors include enhanced access to customized products and services, lower costs,… Read More >>
Yext Acquires Hearsay Systems for $125M
Yext, Inc., a digital presence company, is acquiring Hearsay Systems, a compliance provider for digital communications, for $125 million and will add Hearsay’s offerings to its own, officials say. Yext will also augment the combined offerings with artificial intelligence (A.I.) technologies, officials add. Yext applies A.I. and machine learning technologies to customer engagement, automated workflows… Read More >>
