The Depository Trust & Clearing Corp. (DTCC) is attempting to clear a path to a functional digital asset ecosystem that is as safe as the one in place for conventional securities trading. To get there, the post-trade market infrastructure provider is unveiling the “DTCC Digital Launchpad,” described as “an industry sandbox intended to bring together… Read More >>
Murex & Kaiko Target Portfolio Management of Digital Assets
Solutions provider Murex will be integrating crypto sector data from vendor Kaiko into the Murex trading, risk management, and processing offerings — and the duo may even build a new interface — as the result of a new strategic partnership, officials say. The combination of Murex’s cross-asset platform with Kaiko’s digital asset data, analytics, and… Read More >>
Trading Technologies Creates a Platform Services Unit
Trading Technologies International (TT) has created a Platform Services business unit from its global product development and services teams to optimize core functions, reduce functional enhancement development times, and speed up service resolution efforts, officials say. Jason Shaffer will assume the new role of chief platform officer and will oversee the newly integrated unit. Vasco… Read More >>
LSEG to Distribute CanDeal DNA Pricing Data
CanDeal Data & Analytics (DNA), a provider of Canadian over-the-counter (OTC) fixed income and derivatives pricing, will be making CanDeal DNA Consensus Overnight Index Swap (OIS) and Swap Rates information available via LSEG Data & Analytics, which will serve as the distributor. The new partnership “is an extension of CanDeal’s collaborative efforts with the Bank… Read More >>
BlackRock & Morgan Stanley Embrace Desktop Integration Standard
A greater level of desktop application interoperability between buy- and sell-side firms may be coming as BlackRock and Morgan Stanley embraced an open source standard overseen by the Fintech Open Source Foundation (FINOS), which held its annual Open Source in Finance Forum in New York City (OSFF NY) last week. The standard known as FDC3… Read More >>
CACEIS Launches Custody Architecture for Digital Assets
Fund administrator CACEIS reports that it is helping clients subscribe to “the first French UCITS money-market funds with units natively issued and delivered on Ethereum’s public blockchain. ” This marks the launch of CACEIS’s new custody architecture for tokenized financial instruments and crypto-assets. “The Undertakings for the Collective Investment in Transferable Securities (UCITS) is the… Read More >>
SS&C Widens Its Embrace of Cutting-Edge Technologies
Chicago-based Choreo, LLC, a financial planning and investment advisory services firm, reports using SS&C Accord. This new service leverages artificial intelligence (A.I.) to help wealth managers aggregate and validate their customers’ alternative investment data. The SS&C Accord launch aligns with other A.I.-related and cutting-edge announcements at the SS&C Deliver 2024 Conference underway in New Orleans, Oct…. Read More >>
Emerging Derivatives Exchanges Need IT Upgrades: Report
Executives at derivatives exchanges in emerging and frontier markets say in a new survey that they need to invest in technology to grow their businesses but less than half of the venues surveyed had actually upgraded their matching engine over the past six years. This lack of state-of-the-art IT infrastructures is also striking given the… Read More >>
SEC Bolsters Security for the EDGAR Platform
In case you missed it, the Securities and Exchange Commission adopted “rule and form amendments” late last month that the SEC says will improve the security of its Electronic Data Gathering, Analysis, and Retrieval system, otherwise known as the venerable EDGAR platform. The improvements cover the access and management of filers’ accounts and have been… Read More >>
Deadline Looms for Non-Centrally Cleared Bilateral Repos
A regulatory rule for the collection of data for non-centrally cleared bilateral U.S. repurchase agreements (repos) has a compliance date — December 2 — that is less than three months away. In May, the Office of Financial Research (OFR) without much fanfare adopted a final rule to “improve transparency within the U.S. repurchase agreement (repo)… Read More >>
