As we are seeing this week via domestic and international events, it is very difficult to make any predictions for 2021 let alone name the trends for the market structure facilitating securities trading and operations. However, market research firm Greenwich Associates in a new report, “Top Market Structure Trends for 2021,” authored by industry analysts… Read More >>
FTF’s SecOps Online Takes Off!
The pandemic-induced lockdown has challenged all of us to alter our plans and create new ways of doing business. For FTF, we are evolving and inventing new ways to serve and grow our network of securities professionals that we have developed over the past 14 years. The good news is that we are trying something… Read More >>
Nasdaq & Caspian Take On Automated AML Investigations
Nasdaq Sytem Targets Gap in AML Inquiries Nasdaq just launched a “cloud-deployed” anti-money laundering (AML) system, the Nasdaq Automated Investigator for AML, that is intended to help financial services firms use IT to detect evidence of money laundering. The new system has been designed in partnership with Caspian, a company based in Newcastle upon Tyne,… Read More >>
Citi, JPMorgan & State Street Invest $11M in Capitolis
Capitolis to Speed Up Product Development Citi, JPMorgan, and State Street have invested a total of $11 million in fintech startup Capitolis, whose proprietary technology platform helps trading firms streamline their trading-position strategies. A spokesperson for Capitolis confirms media reports that the funding from the trio is $11 million in total. The spokesperson declines to… Read More >>
NICE Actimize Targets Mid-Market via ‘Xceed’
The just-launched Xceed platform from NICE Actimize brings together aspects of anti-money laundering (AML), fraud prevention, artificial intelligence (AI), and behavioral analytics in a cloud-native offering. Cloud-native systems have been developed specifically for the cloud computing environment, and are intended to leverage the advantages of the cloud. They are not platforms that were originally designed… Read More >>
SimCorp’s Dimension Moves to Microsoft’s Azure: Q&A
(SimCorp, a provider of multi-asset investment management solutions and services, recently announced that it will be integrating its Dimension platform with the Microsoft Azure cloud computing platform. This phased integration will yield the hosted, SimCorp Dimension-as-a-Service offering via a public cloud, officials say. The move is the vendor’s response to the needs of its clients… Read More >>
State Street’s Alpha Hits Its Stride: Q&A
(State Street Alpha is a front-to-back office asset servicing platform that the global custodian bank is offering to investment managers, hedge funds, asset owners, and insurers. The front- and middle-office components of Alpha are from the Charles River Investment Management Solution (IMS) platform, a result of State Street Corp.’s $2.6 billion acquisition of Charles River… 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 >>
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 >>
Liquidnet Hires from Goldman Sachs
Ex-Goldman MD Is New Head of Equities Tech Liquidnet, a block liquidity and investment network services provider, reports that it has named Sujay Telang as its new head of equities technology. Telang is a former Goldman Sachs managing director and an electronic trading executive, the vendor notes. Liquidnet officials call their new hire the “latest… Read More >>
