ACA Group, a governance, risk, and compliance (GRC) solutions provider, is moving into the Middle East via the acquisition of the Effecta Compliance Group, a regulatory consultancy with financial services clients in the United Kingdom (U.K.) and the United Arab Emirates (U.A.E.), officials say. Effecta specializes in providing authorization, advisory, and regulatory project management services… Read More >>
U.K. to Leverage Its ‘Second-Mover’ T+1 Advantages
The U.K. Accelerated Settlement Taskforce (AST) recently released its interim report, presenting recommendations for the industry’s shift to shorter T+1 settlement. The task force has opened a brief consultation period to gather industry feedback on these recommendations. One key aspect of the task force’s strategy is learning from the U.S. experience with T+1 as part… Read More >>
DTCC Hopes R&D Sandbox Fosters Digital Assets Ecosystem
The Depository Trust & Clearing Corp. (DTCC) is attempting to clear a path to a functional digital asset ecosystem that is as safe as the one in place for conventional securities trading. To get there, the post-trade market infrastructure provider is unveiling the “DTCC Digital Launchpad,” described as “an industry sandbox intended to bring together… Read More >>
Murex & Kaiko Target Portfolio Management of Digital Assets
Solutions provider Murex will be integrating crypto sector data from vendor Kaiko into the Murex trading, risk management, and processing offerings — and the duo may even build a new interface — as the result of a new strategic partnership, officials say. The combination of Murex’s cross-asset platform with Kaiko’s digital asset data, analytics, and… Read More >>
Abrdn Extends SS&C GIDS Coverage to Singapore
Global investment company and asset manager Abrdn plc, formerly known as Standard Life Aberdeen, is continuing its long-term transfer agency relationship with SS&C Global Investor and Distribution Solutions (GIDS) for its U.K. and Luxembourg fund ranges and will extend that coverage for its Singapore efforts, officials report. SS&C GIDS, which is part of SS&C Technologies,… Read More >>
Time to Integrate Digital Asset Securities?
(Jacek Bugaj, the new head of product at Prometheum Inc., is on a mission to integrate the emerging benefits of digital asset securities within traditional market infrastructure. Bugaj will oversee the development, launch, and maintenance of Prometheum’s suite of products, which are delivered via SEC-registered and FINRA-member entities Prometheum ATS and Prometheum Capital. His mission… Read More >>
Trading Technologies Creates a Platform Services Unit
Trading Technologies International (TT) has created a Platform Services business unit from its global product development and services teams to optimize core functions, reduce functional enhancement development times, and speed up service resolution efforts, officials say. Jason Shaffer will assume the new role of chief platform officer and will oversee the newly integrated unit. Vasco… Read More >>
BlackRock & Morgan Stanley Embrace Desktop Integration Standard
A greater level of desktop application interoperability between buy- and sell-side firms may be coming as BlackRock and Morgan Stanley embraced an open source standard overseen by the Fintech Open Source Foundation (FINOS), which held its annual Open Source in Finance Forum in New York City (OSFF NY) last week. The standard known as FDC3… Read More >>
T+1 Woes Did Not Sink Sec Lending Revenues
The global securities finance industry experienced a decrease in revenue for lenders in the third quarter of 2024, according to DataLend, the market data service of EquiLend. While the operational challenges of the shift to shorter T+1 settlement might appear to be the culprit, they did not cause these revenue dips, Nancy Allen, global head… Read More >>
CACEIS Launches Custody Architecture for Digital Assets
Fund administrator CACEIS reports that it is helping clients subscribe to “the first French UCITS money-market funds with units natively issued and delivered on Ethereum’s public blockchain. ” This marks the launch of CACEIS’s new custody architecture for tokenized financial instruments and crypto-assets. “The Undertakings for the Collective Investment in Transferable Securities (UCITS) is the… Read More >>
