New RIA to Be Independent of T. Rowe Price T. Rowe Price officials report that the firm’s funds’ board added a new subadviser — T. Rowe Price Investment Management (TRPIM) — the firm’s own SEC-registered and fully independent investment adviser. Late last year, T. Rowe Price Group, Inc. announced that it would establish TRPIM as a… Read More >>
More Global Banks Test or Explore Blockchain
The bandwagon for blockchain and distributed ledger technology (DLT) is getting crowded as four major global banks have just completed a battery of tests in which the cutting-edge technology played a key role in credit default swap (CDS) processing. At the same time, key players in Japan led by Nomura Research Institute (NRI) officials are… Read More >>
SS&C Matching Service to Tackle U.S. Market Next Year
With a nod from the SEC, SS&C Technologies will be able to target its cloud-based, post-trade matching service SSCNet at the “significant unmet trade matching service levels in the U.S.,” say vendor officials. After being able to offer it to Canadian markets, SSCNet should be available to U.S. clients, starting sometime next year, says Bob… Read More >>
Credit Default Swaps: Still Toxic after All These Years?
Can the credit default swap market be salvaged? That’s the titular question posed by a new research report from the Kroll Bond Rating Agency, which traces the impact of credit default swaps (CDS), a relatively new instrument designed originally to guarantee loans that supposedly would never default en masse, but which is now widely regarded… Read More >>
SEC Makes Available Swaps Data Analyses
Analyses of data regarding the reporting and dissemination of security-based swap-transaction information are now available at the SEC’s website. The SEC reports that the analyses examine the “effect of the Commodity Futures Trading Commission’s mandated post-trade transparency in the index credit default swaps (CDS) market on total credit exposure, trading volume, and trade size in… Read More >>
