BGC, Integral Get FCA Approvals Just in time for the onset of MiFID II, the U.K.’s Financial Conduct Authority (FCA) has authorized that BGC Brokers LP, GFI Brokers Ltd., GFI Securities Ltd. can each operate an organized trading facility (OTF), and Sunrise Brokers can operate a multilateral trading facility (MTF) via GFI Brokers Ltd. and… Read More >>
Information Mosaic Targets Legacy Corporate Actions Platforms
Corporate actions processing vendor Information Mosaic, part of IHS Markit, has just announced that it is launching IMActions for Investment Banking to target the internally developed systems and manual processes of global investment banks. The new solution has been created to manage “the entire corporate actions lifecycle from announcement capture and validation to downstream processing,”… Read More >>
Openlink’s CTO Moves Up to CEO Post
Openlink’s O’Malley Becomes Executive Chairman Openlink, a vendor of trading, treasury and risk management solutions, reports that it has promoted internally to replace John O’Malley, the CEO for the past two years, with Rich Grossi who moves up from his post as chief technology officer (CTO). O’Malley will move into the role of executive chairman… Read More >>
R3, Synechron to Build DLT-based KYC Solution
12 Banks Support Synechron-R3 Effort Consultancy Synechron and enterprise software vendor R3 are collaborating to provide a know your customer (KYC) solution based on distributed ledger technology (DLT), and the partnership has the support of 12 global banks. Described as one of the largest DLT projects of the year, the KYC solution being developed will… Read More >>
FTF Awards Q&A: Time to Get on the Ops Utility Bus?
(Editor’s note: FTF News recently got time with Gerard Bermingham, executive director of business development at IHS Markit/Information Mosaic and Ellen Schubert, CEO of IHS Markit KY3P, a subsidiary of IHS Markit. The discussion covered industry trends and milestones that helped IHS Market win the Best Corporate Actions Processing Solution and Best Operational Risk Management… Read More >>
FICC Launches a Repo Clearing Service
FICC Targets Risk Reduction & Capital Relief The Fixed Income Clearing Corp. (FICC), a DTCC subsidiary, has launched a repo clearing offering, the Centrally Cleared Institutional Tri-Party (CCIT) Service, that is intended to provide risk reduction and potentially capital relief, officials say. In fact, hedge fund giant Citadel and investment bank Morgan Stanley have already… Read More >>
RIA to Use Fiserv’s Portfolio Accounting & Trading System
Capital Wealth Planning to Deploy Fiserv Platform Capital Wealth Planning, a registered investment advisor (RIA), will be deploying the Unified Wealth Platform from Fiserv for portfolio accounting and trading in order to supports its growth path. The firm, based in Naples, Fla., chose the Fiserv to help it “achieve greater productivity and efficiency in our… Read More >>
SS&C Solution Targets SEC’s Modernization Rules
New Solution Part of SS&C’s GlobeOp Offerings SS&C Technologies, a software systems and software-enabled services vendor, has just launched the SEC Modernization Reporting solution, part of the SS&C GlobeOp offerings, that targets the SEC’s efforts to push modernization for liquidity and regulatory reporting, officials say. The SEC’s modernization efforts will impact firms identified as registered… Read More >>
MiFID II Challenges Hit the Buy Side Hardest
Although the financial services industry is counting down to MiFID II’s January 2018 deadline, the most profound impact will be on the buy-side community. They are not only preparing to conduct their own transaction reporting but they will also have to separate research from execution and become much more accountable for proving best execution across… Read More >>
Nasdaq Wins Post-Trade Deal with Chile’s CSD
Chilean CSD to Receive Services via Nasdaq Financial Framework Nasdaq will be providing post-trade offerings to Chile’s central securities depository (CSD), Depósito Central de Valores (DCV), which it will use to standardize and unify operations, messaging and the data infrastructure, officials say. The new infrastructure capabilities will become available via the Nasdaq Financial Framework. The… Read More >>
