Securities Finance Industry Revenue Hit $2.65B in Q3 With the onset of T+1 shorter settlement, securities lending has come under a lot of scrutiny, but one aspect of the global securities finance industry appears to have an upside: revenue for this sector is rising. “The global securities finance industry generated $2.65 billion in revenue… Read More >>
SS&C Buys Innovest Systems for $120 Million
Acquisition Adds to SS&C’s Wares for Trust Companies Securities systems and services provider SS&C Technologies recently signed a definitive agreement to acquire wealth management technology vendor Innovest Systems, based in New York City, for a total of $120 million in cash and stock, officials say. SS&C officials say that this strategic acquisition is intended to… Read More >>
Exchanges, Clearinghouses, CSDs Embrace DLT with Caution
The world’s largest securities exchanges, clearinghouses and central securities depositories (CSDs) are exploring the possibilities of blockchain/distributed ledger technology (DLT). But concerns remain as to whether the technology will deliver the promised goods of a more streamlined and efficient world, according to a new survey conducted by the World Federation of Exchanges (WFE) and the… Read More >>
