New Offering Matches Fills In Real-Time A FIX protocol-based reconciliation offering, dubbed NYFIX Fill Matching, has been launched by post-trade systems and services provider Broadridge Financial Solutions, which adds that the solution compliments Broadridge’s post-trade NYFIX Matching solution. NYFIX Fill Matching targets the needs of asset managers “with high volume and/or high-touch orders,” according to… Read More >>
Industry Passes SIFMA-led Regulation SCI Tests
100 Firms & 80 Organizations Took Part in the SCI Tests The Securities Industry and Financial Markets Association (SIFMA) reports that it led “a successful business continuity test” on Saturday, Oct. 24, an annual effort mandated by the SEC’s Regulation Systems Compliance and Integrity (SCI). The industry-wide test was combined with a large-scale connectivity evaluation…. Read More >>
Some Thoughts as We Approach the Abyss
We are past the midway point for this year and I think we have all had enough of the surprises, shocks and downright tragedies. Yet there is every reason to worry that they will continue. The hard part is figuring out how to keep moving ahead despite the undertows of deep sorrow and anger that… Read More >>
Disaster Recovery from 9/11, Hurricane Ike Helped BNY Survive Sandy
(Editor’s note: This is the second part (click here for part one) of an interview with Susan M. Vismor, head of global business continuity for BNY Mellon. This section of the Q&A focuses on the management and best practices issues that were tested by Hurricane Sandy, which devastated the East Coast and the Northeast of… Read More >>
How Hurricane Sandy Put BNY’s Business Continuity to the Test
(Editor’s note: Hurricane Sandy devastated the East Coast and the Northeast of the U.S., among other regions, three years ago. According to current tallies, 233 people in eight countries died as a result of the hurricane’s destructive path, which caused $75 billion in damage. For Wall Street firms, the hurricane was a test of their… Read More >>
CitiStorage Warehouse and Contents to be Demolished
A fire at a CitiStorage warehouse used for securing important papers, including those from financial services firms, is now under control by the New York City Fire Department (FDNY). However, the building has been declared a total loss and it and its contents will be demolished, according to a spokesperson for Recall Holdings, parent company… Read More >>
Back-Office Records Up in Flames?
A seven-alarm fire still smoldering in a waterfront storage warehouse in Brooklyn may have more bad news for its customers, particularly those financial services firms that used the services of CitiStorage to keep records safe from harm. The company and public safety officials have yet to determine the cause of a paper-based fire that started… Read More >>
