Today, Americans are honoring those we lost on Sept. 11, 2001, including those who were in the World Trade Center’s Twin Towers. I will be taking time out to remember those Wall Street friends, former co-workers, and acquaintances who were taken away too soon. I will wonder what their lives would have been like, if… Read More >>
BNY Joins ISDA’s Online Effort for IM Documents
Officials at the International Swaps and Derivatives Association (ISDA) and the Linklaters law firm report that BNY Mellon is the first custodian to go live via the new custody support function of ISDA Create — IM, an online, initial margin automated documentation support offering. The IM online tool allows firms to electronically negotiate and execute… Read More >>
Thomson Reuters Holds a RegTech Contest
Thomson Reuters is conducting a global regulatory technology competition that will give “early stage start-ups in the legal, tax and regulatory space” a chance to partner with the vendor of business information services. Those start-ups are asked to apply by Sept. 9, 2019 by visiting the website here. “Entrants will be judged on criteria that… Read More >>
Custodians Are Embracing APIs: Report
The securities servicing industry, according to a new survey, is reaching a “tipping point” in its embrace of application program interfaces (APIs), which are those key links among software systems that serve as superhighways for data, and are intended to help firms boost efficiency and adopt to new business models. The new report from SWIFT… Read More >>
FTF Honors Erica Borghi via Editor’s Choice Award
Financial Technologies Forum (FTF) is proud to announce that the Editor’s Choice award for 2019 will be presented to Erica (Choinski) Borghi, honoring the immediate past chair for ISITC for her accomplishments and her service to the securities operations industry. The Editor’s Choice award is part of the FTF News Technology Innovation Awards 2019, presented… Read More >>
CFA Focuses on Investment Industry Career Paths
Few would disagree that the investment industry is undergoing major changes as firms consider digital assets and digital transformations. With this in mind, the CFA Institute published last month a special report for investment professionals to help them “adapt and embrace new challenges and opportunities for career success.” The new report, “Investment Professional of the… Read More >>
Congress Asks 37 Banks to Quantify Their Diversity
The diversity question is hitting home for 37 major financial services firms in the U.S. in a new way. Congresswoman Maxine Waters (D-Calif.), chairwoman of the House Financial Services Committee, and Congresswoman Joyce Beatty (D-Ohio), chairwoman of the House Financial Services Subcommittee on Diversity and Inclusion, recently sent out letters asking these firms to quantify… Read More >>
CFTC to Explore Climate Change’s Financial Risks
As many parts of the U.S. and the rest of the world struggle with the effects of extreme weather, the CFTC through its Market Risk Advisory Committee (MRAC) will be exploring another aspect of climate change — the financial risks. The committee will hold a public meeting on Wednesday, June 12, at the CFTC’s headquarters… Read More >>
AllianceBernstein’s Digital Transformation via the Desktop
A major asset management firm, AllianceBernstein, is finding that the Holy Grail of digital transformation can be kicked off from the desktop. The firm will be applying the operating system and related technologies from vendor OpenFin as a way to facilitate a revamp of the way desktop and web apps interact, officials say. The collaboration… Read More >>
Ex-CFTC Commissioner Bart Chilton Dies at 58
We at Financial Technologies Forum (FTF) are very sad to report that the Honorable Bartholomew (Bart) Chilton, a former CFTC commissioner, TV show host, media commentator, senior policy advisor, and a veteran of government service, died at 58 on April 27. CNBC reported that a family member acknowledged that the cause of death was related… Read More >>
