(The word “disruption” has been noted by pundits as one of the most over-used in 2016. However, the term still accurately describes the changes underway in securities operations — and across financial services — that shook multiple groups, disciplines and conventional wisdom. To appease linguists and help operations staffs, FTF News in this final installment… Read More >>
Firms Could See Stormy Weather in 2017
(In this second installment of predictions [click here to read the first installment and here for the third installment], FTF News is reviewing the predictions made about the investment outlook for 2017 and the cloud and digital technologies that may help firms cope with what will likely be an interesting year. The final story in… Read More >>
Cloud Computing Gets a Second Chance
Cloud computing is hitting paydirt among buy- and sell-side firms in capital markets as firms face increasing cost pressures, compelling them to rethink the unthinkable. The cloud has been rapidly gaining ground over the last year to 18 months, according to research and advisory firm Celent, a division of Oliver Wyman, in its new report,… Read More >>
What’s on Your List of Silver Linings?
Perhaps the only consensus that we can reach is that 2016 has been a very challenging year on every front from global and presidential politics to an ongoing death march by beloved celebrities. To a large extent, elections and celebrity deaths have been set in stone by demographics, a little luck, personal choices and maybe… Read More >>
OpenGamma Gets $13.3M to Push Risk Analytics Standards
A vendor offering open source risk analytics for derivatives, OpenGamma reports that it has raised $13.3 million in total from venture capital firm Accel, ICAP’s Euclid Opportunities investment arm, and Cristóbal Conde, the former president and CEO of SunGard, all in a bid to accelerate plans to become the maker of benchmark industry-standard risk analytics…. Read More >>
Desjardins Group to Ride Eagle’s Cloud
Desjardins Group, a major Canadian cooperative financial group, has decided to move to a new investment fund accounting platform hosted on private cloud that will help the firm with new instrument types and workflows all in a bid to improve the efficiency of Desjardins’ fund accounting department. The platform and cloud support will be from… Read More >>
Renaissance Investment Management Moves to the Cloud
Renaissance Investment Management, a registered investment advisor with $4.4 billion in assets under management has successfully moved to the cloud in a bid to improve its business continuity and disaster recovery (BC/DR) capabilities, improve application rollouts, security and system performance. The firm’s move to the cloud represents a move from vendor Indata’s Intelligent Portfolio Management… Read More >>
Why the DTCC Is Using Amazon’s Cloud
Something interesting is underway as far as cloud computing and securities operations — the Amazon Web Services (AWS) offering has been quietly gaining ground after some initial resistance. I recall that the main concerns about using the AWS cloud revolved around compliance and security. But Amazon zeroed in on the compliance and security demands and… Read More >>
Smarsh, Symphony Partner to Ease Digital Compliance
Smarsh, a vendor of cloud-based archiving, and Symphony Communication Services, a chat and collaboration vendor, are joining forces to help their mutual clients archive, search and produce Symphony content to support the recordkeeping and electronic communication oversight requirements of regulators FINRA and the SEC. Symphony is an open source communications platform that features security support,… Read More >>
Collateral Management Ascends to the Cloud
A major provider of derivatives trading venues, CME Group and CloudMargin, a collateral management services provider, are offering CME Clearing and CME Clearing Europe clients a cloud-based option to facilitate collateral management. “This is a way to outsource the technology used to manage collateral,” says Karl Wyborn, managing director, global head of sales, CloudMargin, in… Read More >>
