(Firms engaged in securities trading are being pressured to undergo a digital transformation as soon as possible. It’s no surprise then that some firms are contemplating a big bang overhaul. But that would not be in a firm’s best interest, says Justin Llewellyn-Jones, head of capital markets, North America (equities and derivatives), Broadridge Financial Solutions…. Read More >>
BNY & Goldman Sachs Test Drive DLT & Other News
BNY & Goldman Sachs Pioneer DLT-Based Securities Financing BNY Mellon and Goldman Sachs have “completed the industry’s first agency securities lending transactions” via the distributed ledger technology (DLT) platform of HQLAᵡ , a financial technology vendor focused on securities finance and repo transactions. “As part of the combined series of 35-day term transactions with a… Read More >>
SocGen Joins Broadridge’s Repo Platform & Other News
Société Générale Supports Repos via DLT French banking giant Société Générale reports that it is now “live on the distributed ledger technology repo platform” created by vendor Broadridge Financial Solutions. The platform “accelerates the digitization of the global repo market, empowering participants to realize immediate benefits of reduced risk and operational costs and enhanced… Read More >>
SETL Acquired by Colendi & Other News Briefs
SETL & Colendi to Focus on Tokens & Smart Contracts London-based blockchain settlements vendor SETL reports that it has been acquired by Colendi, an embedded fintech services platform provider, based in Instanbul, Turkey, and they plan to create a new public blockchain infrastructure to host native tokens and smart contracts for Colendi’s users. “As… Read More >>
SWIFT & Capgemini Explore ‘Disruptive’ CBDCs: Q&A
(Unregulated cryptocurrency markets are crashing and financial market participants are looking toward regulation and particularly the establishment of central bank digital currencies (CBDCs). Digital currencies controlled by central banks hold the promise of new protections for crypto-, tokenized, and other digital assets, Last month, officials at the SWIFT financial services messaging and systems cooperative and… Read More >>
ICE Expands Fixed Income Services & More News
ICE Best Execution Platform Gets a Makeover Officials at Intercontinental Exchange, Inc. (ICE) report that the exchanges and technology company is doubling its coverage of fixed income instruments via improvements to the ICE Best Execution Service platform. The enhancements encompass pre-trade analysis, and front-, middle- and back-office services, and will help the ICE platform manage… Read More >>
Canadian Firm to Use SimCorp & Other News
StonePine Signs Up for SimCorp’s Centralization A relatively new Canadian firm, StonePine Asset Management reports that it will be using an investment platform and services from vendor SimCorp to jumpstart its growth. The new agreement will mean that SimCorp’s Software as a Service (Saas) investment management solutions will run the asset manager’s front-to-back office… Read More >>
Cowen Digital to Deploy SS&C Eze’s OEMS
Reflecting the range of its offerings, SS&C Technologies has news for cutting-edge, digital asset efforts and for established, institutional securities operations. For the cutting edge, Cowen Digital, the new digital asset division of investment bank Cowen, Inc., reports that it will be deploying an order/execution management system (OEMS) from SS&C Eze in support of clients… Read More >>
Crypto’s Pitfalls Are the Focus of a New Guide
Say this for the computer kids who bought into the Great Crypto Scam: They (and others who dream of easy riches) are determined to tie themselves to the blockchain, no matter what. Even the recent $300 billion drop in value across the crypto economy (as calculated by the New York Times) hasn’t dissuaded them. The… Read More >>
Israel’s Central Bank Mulls a Potential ‘Digital Shekel’
There’s a move afoot to take the crypto out of cryptocurrency. How? Simply by pegging its value to the value of the fiat currency issued by a country’s central bank. Those not-so-crypto digital currencies are called “central bank digital currencies” or CBDCs. “Many countries are developing CBDCs, and some have even implemented them,” say our… Read More >>
