It’s been a while since I wrote about the ambitious and controversial big data, U.S. securities transaction monitoring project known as the Consolidated Audit Trail (CAT), which has been helping regulators FINRA and the Securities and Exchange Commission (SEC) monitor U.S. equity and options markets, exchanges, participants, transactions, and more. CAT issues have receded as… Read More >>
Pemberton Picks Broadridge’s Sentry for Portfolio Management
European private debt manager Pemberton Capital Advisors has selected Ops systems and services provider Broadridge Financial Solutions’ Sentry Private Credit Portfolio Management platform, officials say. The technology is intended to help Pemberton achieve operational efficiencies throughout its portfolio management lifecycle and scale its private debt and collateralized loan obligation (CLO) businesses to meet growing demand,… Read More >>
Wisconsin Pension Agency to Adopt SimCorp’s IBOR
Officials say that the State of Wisconsin Investment Board (SWIB) will be working with investment management solutions provider SimCorp to retire an outsourced investment book of record and bring the IBOR in-house to take advantage of real-time data on its positions and exposures across the organization. Created in 1951, SWIB is an independent state agency overseeing… Read More >>
Neuberger Berman Taps Arcesium for Specialty Finance Ops
Neuberger Berman Specialty Finance (NBSF) will be working with operational and data management technology provider Arcesium to help scale the investment manager’s asset-based financing strategy, officials say. NBSF will be using Arcesium’s Opterra and Aquata operational and data platforms, along with managed services, “to achieve a resilient and sophisticated operating model,” officials say. Arcesium’s platforms… Read More >>
Clearwater Analytics to Acquire Enfusion for $1.5B
Clearwater Analytics, a provider of investment accounting software-as-a-service (SaaS) solutions, is acquiring Enfusion, a SaaS provider to investment managers and hedge funds, for approximately $1.5 billion to combine their respective offerings and build a front-to-back office platform. “The purchase price is $11.25 per share, delivered in an approximately equal mix of cash and stock. Additionally,… Read More >>
U.S.-Based Trading of Eurex Dividend Options Approved
EURO STOXX 50 Index Dividend Options and EURO STOXX Banks Index Dividend Options from European derivatives exchange Eurex can be directly traded from the U.S., underscoring Eurex’s plans to expand globally, officials say. U.S. derivatives regulator the Commodity Futures Trading Commission (CFTC) approved Eurex’s efforts to offer its dividend options directly to participants in the… Read More >>
Pico & BMLL Combine Offerings to Streamline Trading
Pico, a solutions provider for low-latency trading, is partnering with BMLL, a provider of harmonized Level 3, 2, and 1 historical data and analytics, to provide access to real-time and historical data sets simultaneously, officials say. The combination of products and services will provide “a full-suite solution of historical data, backtesting, and live trading environments”… Read More >>
SS&C Launches SaaS Updates for Geneva, Eclipse & OEMS
With alternative investment firms in mind, officials say SS&C Technologies is offering a variety of new features and functions via updated software-as-a-service (Saas) releases of the Geneva, Eclipse, and OEMS products and services platforms. “We tailor our releases to the global marketplace. The recent advancements in our alternatives solutions illustrate our commitment to them to… Read More >>
Recs Projects Still Seen as ‘Complex, Costly & Messy’
(Marc McCarthy has worked for 25 years in reconciliations. His career began as “a reconciler and then project/program manager at Tier 1 banks,” he says. He also had a secondary career in consulting, sales, and executive roles on the provider side. He launched ReconIQ, a London-based specialist in reconciliation advisory services during the second quarter… Read More >>
Geopolitical Woes Are Top Systemic Risk Concerns: Survey
A little more than half of survey respondents — 55 percent — say that they “believe there is high or very high chance” that there will be “a high-impact systemic event” in 2025, and 84 percent express concern that a geopolitical event could impact financial services during the coming year. These findings are from the… Read More >>
