With the addition of Uniswap (UNI) and Arbitrum (ARB) to its custodial platform, Prometheum Ember Capital will offer custodian support for three digital asset securities, as the firm previously announced custody services for Ethereum’s ether (ETH) token. Prometheum Capital officials say the firm intends to fully launch its custodial services to institutional investors later this… Read More >>
E.U.’s Buy Side Wants T+1 to Happen Sooner
The German buy side is advocating for the earlier adoption of shorter T+1 settlement, amid growing calls for harmonization with the U.K. and Switzerland. The German Investment Funds Association (BVI), which represents 115 fund companies and asset managers with €4 trillion ($4.4 trillion) in assets under management (AUM), is pushing for the European Union to… Read More >>
FINRA Explores Remote Inspections via Pilot Program
Nearly one-quarter or 22 percent of FINRA member firms have volunteered to participate in a pilot program that would allow them to complete their inspection obligations “without an on-site visit” from a FINRA official, according to the self-regulatory organization (SRO) for U.S. broker-dealers. FINRA notes that 741 firms are participating in the initial pilot, and… Read More >>
SS&C Leverages A.I. for ‘Contact Center’ Platform
Asset managers and other financial services firms working in the life, pensions, and retirement sectors need optimal customer service and to help them SS&C Technologies has launched its Contact Center platform, which leverages artificial intelligence (A.I.) to deliver “personalized customer experiences 24/7,” officials say. The SS&C Contact Center is the next-generation platform that builds upon… Read More >>
T+1: No Victory Until Affirmations Reach 100%
As many teams in North America canceled their weekly T+1 transition meetings, Securities and Exchange Commission Chair Gary Gensler has called on the U.K. to trigger its own implementation. Top of the list of lessons to learn from North America’s transition, Gensler said, is setting a date. “Until you do that, it is a lot… Read More >>
FTF Reveals the Winners of the 2024 FTF Awards
Financial Technologies Forum (FTF) proudly announces the 2024 FTF News Technology Innovation Awards competition winners. The awards effort shines the spotlight on the winners of the FTF Awards competition — now in its 13th year — for their accomplishments in 2023 and on individuals who have made great contributions to their profession and those who… Read More >>
North America’s Rocky Road to T+1 Begins
Like it or not, North American firms are getting new plumbing for settlement. Settlement within the shorter time frame of the trading day plus another day, or T+1, is becoming a reality for North American firms, starting with those firms in Canada and Mexico, and with a nod to South America, Argentina, on Monday, May 27,… Read More >>
NYSE Council to Explore A.I. & Other Technologies
The New York Stock Exchange has launched the NYSE Tech Council, a group of senior technology leaders that will explore best practices for artificial intelligence, cybersecurity, and other cutting-edge technologies. “The council will be comprised of chief technology officers, chief information officers and other C-suite technology leaders from NYSE-listed companies,” according to the announcement. “With… Read More >>
BondWave & DbCom Integrate Analytics & Compliance
BondWave, a fixed income solutions provider, and DbCom Inc., a financial technology company, have integrated BondWave’s pre-trade and post-trade transaction analytics with DbCom’s business and compliance platform, EQube, officials say. The new integration will be delivered via BondWave’s Effi application programming interface (API) to offer trade surveillance in support of “best execution, fair pricing, and… Read More >>
GoldenSource to Sell Its Wares via AWS Marketplace
GoldenSource is making its data management offerings available on the AWS Marketplace — a website for third-party software, data, and services that run in an Amazon Web Services environment. The move will help the enterprise data management (EDM) solutions provider sell its wares to a wider market and collaborate with the AWS go-to-market team, GoldenSource… Read More >>
