Pershing’s API Links to CAIS & iCapital Network Clearing and custody services provider BNY Mellon Pershing has just launched enterprise-wide, application programming interface (API) capabilities to two alternative investment sponsors, CAIS and iCapital Network, underscoring Pershing’s efforts to help registered investment advisors (RIAs) connect to the alternative investments space, officials say. CAIS and startup iCapital… Read More >>
LabCFTC Replaces ‘Fintech Forward’ with Virtual Events
‘Empower Innovation 2020’ to Launch in the Fall LabCFTC, the fintech incubator of the Commodity Futures Trading Commission (CFTC), will launch “interactive virtual events throughout the fall,” as a replacement for the 2020 Fintech Forward conference. The in-person conference has been canceled “in light of the COVID-19 (coronavirus) pandemic,” officials say. The three-part series has… Read More >>
OpenGamma & IHS Markit Target Margining Rules
OpenGamma & IHS Markit Begin Collaboration OpenGamma, which characterizes itself as a margin optimization provider, reports a new collaboration with IHS Markit, which characterizes itself as a provider of critical securities information, analytics and solutions. The vendors are jointly offering a system for mutual clients looking to reduce the cost of margin management. Their offering… Read More >>
Commcise Launches Commission Management Service
‘Commission-Management-As-A-Service’ Debuts Commcise, a provider of integrated commission management, research evaluation, consumption tracking and reporting solutions for investment management and brokerage firms, reports the launch of CommciseCM, a stand-alone, cloud-based commission management platform designed to help U.S. asset managers and hedge funds obtain a “full commission wallet view of their entire trading activity.” CommciseCM, majority-owned… Read More >>
BNY Joins ISDA’s Online Effort for IM Documents
Officials at the International Swaps and Derivatives Association (ISDA) and the Linklaters law firm report that BNY Mellon is the first custodian to go live via the new custody support function of ISDA Create — IM, an online, initial margin automated documentation support offering. The IM online tool allows firms to electronically negotiate and execute… Read More >>
Calypso & AI Vendor Target Back Office Ops
Calypso Partners With 2021.AI Financial software vendor Calypso Technology is partnering with an artificial intelligence IT platform provider, 2021.AI, to optimize back-office processes for Calypso’s global client base, officials say. The two vendors will focus on delivering state-of-the-art AI models and Calypso will facilitate access to 2021.AI’s Grace AI platform, officials say. “By partnering with… Read More >>
Pershing Clients to Get Help with Digital Moves
BNY Mellon’s Pershing will be launching initiatives this year to help its clients speed up their digitization of business models and thus update how they interact with Pershing’s services — all for a more efficient and better client experience, officials say. Pershing and its affiliates offer clearing and custody, investment and retirement solutions, technology, enterprise… Read More >>
Goldman Sachs Acquires United Capital for $750 Million
Goldman Sachs Jolts Wealth Management Strategy Goldman Sachs Group is acquiring United Capital Financial Partners, Inc. for $750 million in cash as a way to broaden the reach of the Wall Street giant’s intellectual capital and investment capabilities, officials say. The transaction is expected to close during the third quarter of this year, subject to… Read More >>
BNY & AcadiaSoft Focus On the CM Maze: Q&A
(Custodian bank BNY Mellon is teaming up with collateral management software and services vendor AcadiaSoft to offer an outsourced service that supports margin calculations for non-cleared derivatives. This is an effort to help buy-side derivatives market participants “fully outsource their entire non-cleared margin workflow, via the market’s first end-to-end collateral solution developed by BNY Mellon,”… Read More >>
BlackRock & BNY Mellon Streamline Access to Aladdin
The Bank of New York Mellon Corp. (BNY Mellon) and BlackRock’s solutions business group have launched a strategic alliance that offers the full suite of BlackRock’s Aladdin platform, tools and capabilities in one place in an effort to closely couple data and optimize operating models to bolster efficiency, officials say. The collaboration is intended to… Read More >>
