Volante Technologies, a financial data integration vendor, has released its latest ISO 20022 Accelerator, the SADC (Southern African Development Community) Payments IS0 20022 conversion pack. “The pack is designed to help firms comply with the new, harmonized local payments infrastructure being created within the Southern African Region,” Volante says in a statement. The pack contains… Read More >>
Breaking News Update: ISITC Eases Ban on Press
An industry trade group that advocates transparency, ISITC initially banned and then let media attend a keynote address by Carla Harris, vice chairman, global wealth management, managing director and senior client advisor at Morgan Stanley, who spoke Monday morning. Her speech, however, was still off the record. Focused on developing industry standards, the International Securities… Read More >>
Case Study: A Broker-Dealer’s Second Leap into the Leading Edge
Building upon its success with cloud-based corporate actions processing, broker-dealer Industrial and Commercial Bank of China Financial Services (ICBC) is taking another a leading-edge leap by joining the DTCC’s pilot project to transform corporate actions instruction via the ISO 20022 standard. In 2012, ICBC embraced automation by leapfrogging from manual systems to a cloud-based corporate… Read More >>
DTC Tests 20022 for Corporate Actions Instructions as Calypso Links to a SEF
DTC Tests Corporate Actions Instructions on 20022 In a bid to advance corporate actions processing, a subsidiary of industry utility DTCC has begun testing inbound instructions that conform to the ISO 20022 standard for financial messaging, officials say.The first automated instruction message was received from Interactive Brokers through DTCC’s Depository Trust Company (DTC) subsidiary, which… Read More >>
The Promise of Corporate Actions Contradictions
At one point during FTF’s CAPCon New York conference yesterday, a panelist noted that many of the issues being raised have not substantially changed over the past 20 years. While I concede the point, my perception is that corporate actions processing has become a mix of extreme contradictions that are harbingers of real changes to… Read More >>
Sibos 2013 Wrap
SWIFT customers will get “major structural price reductions for 2014” for FIN store-and-forward messages, say top officials at the financial messaging cooperative, which is hosting its Sibos 2013 conference in Dubai this week. Officials add that the 20% price cuts are intended to spur message traffic growth and €52 million in savings for customers.The new… Read More >>
Survey Finds Asset Managers Want to Centralize Investment Data as Interactive Brokers Embraces ISO 20022 for Corporate Actions
Aite Group Finds Support Growing for Investment Book of Records Approach Asset managers and wealth management firms are moving toward an unobstructed, holistic view of their investment data as they embrace an investment book of records (IBOR) approach, says Rick McCarthy, vice president of sales and marketing for the Americas at DST Global Solutions. The… Read More >>
Tweets, Lies and Corporate Actions
On Tuesday, April 23, a fake Twitter tweet via the Associated Press about the bombing of the White House sent the Dow crashing by 143 points for two minutes. A hacker who broke into the AP was responsible and the AP quickly addressed the issue. However, by then, $134 billion worth of stocks had been… Read More >>
XSP Builds App for DTCC’s New Messages as CFTC Suffers Big Data Nightmare
XSP Readies App for DTCC’s Reengineered Services Corporate actions processing provider XSP is working on “another product purely focused on the capture and display of ISO 20022 messages from the DTCC,” says Daniel E. Retzer, chief technology officer (CTO), managing director for SunGard’s XSP.The product, likely to come later this year, is intended to help… Read More >>
Lee J. Cutrone to Retire from Omgeo as Steve Sloan Leaves J.P. Morgan for the DTCC
Cutrone to Retire from Omgeo Lee J. Cutrone, managing director, industry relations at Omgeo, will be retiring at the end of this month, confirm official as the post-trade services provider. “He will be thoroughly missed—it is the end of an era,” says a spokesperson for Omgeo. Cutrone has been serving as a liaison between Omgeo… Read More >>
