Say this for the computer kids who bought into the Great Crypto Scam: They (and others who dream of easy riches) are determined to tie themselves to the blockchain, no matter what. Even the recent $300 billion drop in value across the crypto economy (as calculated by the New York Times) hasn’t dissuaded them. The… Read More >>
OSSTRA to Launch a Repo Service & Other News
OSSTRA to Debut a Repo Confirmation Service In an effort to bring more automation to repo operations, post-trade vendor OSTTRA has launched a repo confirmation service that is built upon the MarkitWire electronic trade processing platform, officials say. MarkitWire is from MarkitServ, which is part of the OSSTRA joint venture between CME Group and S&P… Read More >>
How to Navigate Inflation, a Pandemic & War: Q&A
(Trading and risk management teams at global securities firms are facing a perfect storm of rising inflation, the ripple effects of the pandemic, and the Russian invasion of Ukraine. Gil Guillaumey, head of strategy — capital markets at Adenza, recently answered questions from FTF News about these concerns and about the best ways forward amid… Read More >>
Market Maker Adopts Torstone Platform & Other News
Torstone to Provide Post-Trade Ops to Tower Research Capital Market maker Tower Research Capital reports that it will be using the post-trade services of vendor Torstone Technology to grow and diversify its traded asset classes, officials say. “As we continue to diversify into new asset classes and trading strategies, at ever-increasing volumes, we need… Read More >>
CFTC Hopes Carbon Offsets Forum Will Spur Innovation
Rostin Behnam, the chair of the Commodity Futures Trading Commission (CFTC), is hoping to jumpstart industry interest in carbon offsets via the regulator’s first-ever Voluntary Carbon Convening, slated for June 2 via the CFTC’s headquarters in Washington, D.C. “As climate change is a collective action problem, I believe a joint effort between the CFTC and… Read More >>
Ex-SWIFT CEO Campos Joins PPRO & Other News
PPRO Appoints Campos as Independent Chairman Former SWIFT CEO Lázaro Campos was appointed the first independent board chairman for PPRO on April 25, according to the provider of digital payments infrastructure technology. SWIFT provides global financial messaging software, services, and systems. Campos was appointed to the board “to strengthen … governance in the next phase… Read More >>
FINRA Fines Two Crowdfunding Portals
FINRA is taking aim at two companies known for crowdfunding. First, a definition of crowdfunding, courtesy of Investopedia: “Crowdfunding is the use of small amounts of capital from a large number of individuals to finance a new business venture. Crowdfunding makes use of … social media and crowdfunding websites to bring investors and entrepreneurs together,… Read More >>
FTF Reveals the Winners of the 2022 FTF Awards
Financial Technologies Forum (FTF) is pleased to announce the winners of the 2022 FTF News Technology Innovation Awards competition and to confirm that there will be an in-person gala event later this year to celebrate the industry’s achievements in operational excellence. “I think it’s safe to say that it’s been a long two years. During… Read More >>
NYSDFS Urges Crypto Firms to Use Blockchain Analytics
Cryptocurrency businesses licensed by the state of New York are being strongly urged to use blockchain analytics to improve policies, processes, and procedures, according to a guidance issued by Adrienne Harris, superintendent of the New York State Department of Financial Services (DFS). Cryptocurrencies, aka virtual currencies, are based upon distributed ledger technology (DLT), also called… Read More >>
Medley & Former Co-CEOs to Pay $10M Penalty
Chapter 11 is not a good look for a manager of assets, don’t you think? And a cautionary tale is always valuable to offset the many temptations that beset the financial services industry, yes? Consider: With their own assets on the line just over a year ago, in March 2021, Medley Management LLC, a Delaware… Read More >>
