(FTF News recently got time to talk with David Campbell, vice president, strategy and business development — message automation for Broadridge Financial Solutions, about the company’s win via the 2020 FTF News Technology Innovation Awards. The systems and services provider to Wall Street firms got the most votes to win the honor of Best RegTech… Read More >>
RBC Capital Markets Launches AI-Based Trading Platform
‘Aiden’ Yields Solution to Cut VWAP Slippage Securities traders at RBC Capital Markets and scientists who specialize in artificial intelligence (AI) at vendor Borealis AI have been collaborating to deliver Aiden, an AI-based electronic trading platform that exploits “deep reinforcement learning” to facilitate better trading results and insights for clients, officials say. “In doing so, both… Read More >>
ISDA’s CDM Pilot Clears Interest Rate Derivatives
Pilot Also Uses the Digital Asset Modeling Language ISDA’s Common Domain Model (CDM) was part of a proof-of-concept implementation that clears interest rate derivatives with the help of an open-source smart contract language, the Digital Asset Modeling Language (DAML) from vendor Digital Asset, officials say. “Using the CDM for clearing and deploying it on a… Read More >>
Broadridge Partnership Yields Corporate Bond Trading Platform
Post-trade systems and services provider Broadridge Financial Solutions reports that it’s partnering with Jim Toffey, founder of Tradeweb and now CEO of LiquidX, and has added artificial intelligence technologies to a Broadridge fixed income post-trade processing offering to create a corporate bond trading platform, dubbed LTX. The new platform has already been used to execute… Read More >>
Advisors Intrigued by Active, Opaque ETFs: Survey
A growing number of financial advisors have expressed interest in a variation of exchange-traded funds (ETFs) that are actively managed and nontransparent in that these instruments allow fund managers to disclose holdings on a quarterly basis, but keep holdings more confidential than typically transparent ETFs, according to Broadridge Financial Solutions, which based its findings on… Read More >>
Broadridge Readies Mobile App for Proxy Voting
Post-trade systems and services provider Broadridge Financial Solutions is readying a mobile app for retail investors that is intended to improve investor participation in the proxy process. The vendor is saying that with the new app, slated to go live this week, investor voting will be easier because the new app will create “an intuitive,… Read More >>
AxiomSL Hires CFO from Charles River Development
David Weber to Serve as CFO &COO for AxiomSL AxiomSL, a provider of regulatory-reporting, risk and data-management services, reports the appointment of David Weber as chief operating officer (COO) and chief financial officer (CFO). Weber is a financial services industry veteran, with more than 30 years of financial management and operations experience, AxiomSL says…. Read More >>
Bakkt Secures $182 Million in Funding
Twelve Major Investors Fund BAKKT’s Future Crypto-currency platform startup Bakkt has completed its first round of funding of $182.5 million “from 12 partners and investors who, like us, believe in the future of digital assets,” says Kelly Loeffler, Bakkt CEO, in a recent blog posting on the company’s website. “The partners and investors in… Read More >>
RJF Bolsters Mobile Proxy Voting via Broadridge’s API
Raymond James Financial (RJF) has jolted its mobile shareholder voting by via an enhanced application programming interface (API) and web services from Broadridge Financial Solutions — all to drive higher rates of shareholder voting. The firm is applying the API and web services support to advance the shareholder voting experience. RJF has been applying Broadridge’s… Read More >>
CME to Drop NEX Branding Post-Acquisition
CME to Keep BrokerTec, EBS, Traiana & TriOptima Brands The CME Group as expected has completed all the steps for the acquisition of NEX Group, first announced in March, but will discontinue the NEX branding while keeping the names for the mark1ets and “Optimisation” businesses such as BrokerTec, EBS, Traiana and TriOptima. “The combined company… Read More >>
