Trading Technologies International (TT) intends to expand its reach into clearing and other middle-office technologies and services via its acquisition of ATEO SAS, a provider of post-trade solutions for listed derivatives, officials say. TT is a software-as-a-service (SaaS) technology platform provider to global capital markets. The financial terms of the transaction, which closed on Feb…. Read More >>
Partnership Links SIX’s Connexor to D7 Platform
SIX, a Swiss financial markets data provider and exchanges company, is partnering with Clearstream to become the reference data processor for the instruments supported by the D7 digital post-trade platform from Deutsche Börse. The partnership will yield a link from SIX’s Connexor platform for reference data distribution to D7, facilitating a one-stop shop for international… Read More >>
Citi & Wellington Explore the Disruptive Power of Tokens
Late last year, Citi, Wellington Management, WisdomTree, and DTCC officials conducted a proof of concept (POC) experiment to explore how tokenization could be applied to private funds and to test the capital markets capabilities of blockchain technology. “Tokenization is the process of issuing a digital representation of an asset on a blockchain,” according to a… Read More >>
TD Securities Taps SwapAgent for Bilateral Clearing
Clients of TD Securities looking for the clearing of bilateral derivative transactions can use the services of SwapAgent as the Canadian investment bank has gone live as a new member of the clearinghouse, officials say. SwapAgent, whose parent company is the LCH Group, offers processing, margining, and settlement services for non-cleared derivatives. “SwapAgent is the… Read More >>
A.I.’s Benefits for T+1 Are Within Reach
Artificial intelligence (A.I.) has the potential to automate tasks and boost operational efficacy within post-trade operations impacted by the transition to T+1. Accenture calculates A.I. could deliver a 30 to 40 percent improvement in efficiency within post-trade operations impacted by the move from T+2 to T+1 in May for the U.S., Canada, and Mexico. Meanwhile,… Read More >>
Hudson Bay Capital Management Taps SS&C GlobeOp
Hudson Bay Capital Management has tapped SS&C GlobeOp to be its fund administrator, which is in addition to the multi-strategy investment firm’s usage of trade operations and investor support solutions from SS&C Technologies, officials say. Hudson Bay, which is headquartered in Greenwich, Conn., picked SS&C “after a thorough evaluation process,” according to the official announcement…. Read More >>
NICE Actimize Applies Generative A.I. to New Solutions
NICE Actimize, a provider of financial crime, risk, and compliance solutions, has embraced generative artificial intelligence (A.I.) for three new solutions that target financial crime in ways intended to help overwhelmed financial crime and fraud teams at financial services firms, officials say. Generative A.I. are algorithms “that can be used to create new content, including… Read More >>
Nasdaq Signs Top Thai Broker for Risk Platform
The largest institutional broker in Thailand is the first Asian client of the Nasdaq Risk Platform, a service that offers a view of risk for proprietary and client trading portfolios, officials say. The new client Kiatnakin Phatra Securities (KKPS) has signed a multi-year agreement, which expands upon its Nasdaq Trade Surveillance partnership, officials say. The… Read More >>
BNY Mellon Migrates Data & Analytics to Microsoft’s Azure
Custodian BNY Mellon and Microsoft are joining forces again to bring together Microsoft Azure cloud computing and BNY Mellon’s financial data and analytics capabilities, including an exploration of artificial intelligence (A.I.), officials say. The companies have worked together before “creating data, technology, and content solutions for investment managers on Microsoft Azure,” officials say. This latest… Read More >>
FTF FOCUS: Digital Assets Reshape Custody
Digital assets are rapidly becoming a part of the landscape for global securities markets and are disrupting established operations such as custody and prime brokerage services. In this issue of FTF Focus, we offer an in-depth view into the cutting-edge of custody, tracking how digital assets are redefining the sector. The report also covers another… Read More >>
