(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 >>
Automation for Recs & Settlement Is Up for Listed Derivatives
Participants in listed derivatives markets are improving the automation of trade settlement and reconciliation largely because of their ongoing investment in reference data, according to a new report from SmartStream Reference Data Services and Acuiti Management Intelligence. The findings of the report “The Future of Reference Data: From Compliance to Alpha,” are based on surveys… Read More >>
SmartStream Air Update Takes On Spreadsheet Reconciliation
SmartStream says the latest iteration of its Air platform, version 9, takes on inter-system data validation and spreadsheet reconciliation — key capabilities previously too expensive to automate via traditional reconciliation platforms. In fact, SmartStream Air is not traditional as it’s a cloud-native system that is similar to a consumer app because it does not require… Read More >>
Axoni Sells Veris Business Unit to LSEG
Axoni, a provider of trade workflow applications and real-time data replication, has sold its Veris business and intellectual property to the London Stock Exchange Group (LSEG), which intends to maximize the business potential of the post-trade platform for equity swaps, officials say. Axoni and LSEG officials are not disclosing the financial terms for the transaction,… Read More >>
Duco Launches Hybrid Cube & Creates Services Division
Post-trade solutions vendor Duco is moving into its next chapter with the launch of a hybrid, Software-as-a-Service (SaaS) version of its flagship Duco Cube offering, and the creation of a global services division with its own new vice president. The new hybrid SaaS version of Duco Cube was created to target global banks that want… Read More >>
