Clearing is coming the U.S. Treasury market and buy- and sell-side firms are beginning to get the message. New SEC clearing rules for the U.S. Treasury market, which take effect next year and in 2026, will spur more sell-side firms to offer Treasury clearing via prime brokerage, agency clearing, and futures commission merchant (FCM) services… Read More >>
Chatbots Are On FINRA’s Compliance Radar
(Applications and systems that use artificial intelligence (A.I.) technologies such as chatbots are on the radar of the Financial Industry Regulatory Authority (FINRA), the self-regulatory organization for U.S. broker-dealers. The regulator has issued guidances, updates, and alerts about the subject noting the “benefits for investors include enhanced access to customized products and services, lower costs,… Read More >>
Firefighters’ Pension Fund Taps Northern Trust
The Firefighters’ Retirement System (FRS) of Louisiana has tapped Northern Trust to improve the operational efficiency of its $2.4 billion fund via asset servicing and data analytics capabilities, officials say. “FRS of Louisiana is a governmental defined benefit pension plan, established by the state legislature in 1980 to provide retirement and other benefits for Louisiana… Read More >>
Why Manual Sanctions Screening Misses the Mark
(Too many compliance teams at financial services firms rely on spreadsheets and manual processes or internally developed systems to sift through securities data to find sanction risks. But these systems can miss the mark in monitoring and tracking exposures across entities, say officials at Innovative Systems, Inc., the maker of the FinScan offerings for anti-money… Read More >>
Droit & Finbourne Want Regulatory Clarity for Position Reporting
(Editor’s note: Droit Financial Technologies, a provider of pre-and post-trade offerings including a client readiness offering and trade and transaction reporting such as point of trade and position reporting, is collaborating with Finbourne Technology, a provider of cloud-based investment data management software. Together they are delivering a solution that combines regulatory interpretations, regulatory clarity, and… Read More >>
Gresham Applies A.I.-ML Breakthrough to Trade Breaks
Necessity is still the mother of invention especially when it comes to applying artificial intelligence (A.I.) and machine learning (ML) to the investigation of trade breaks as Gresham Technologies has learned. By using A.I. & ML to investigate and then learn from trade breaks, a Gresham client facing repetitive trade breaks has had a 66… Read More >>
The Ops-A.I. Revolution Has Begun: SS&C’s Bill Stone
From Bill Stone’s perspective as chairman and CEO of SS&C Technologies, the fairly recent advances that SS&C has made into the Abu Dhabi market and with artificial intelligence (A.I.) are examples of the same thing — the company is breaking new ground literally and figuratively in the highly competitive world of post-trade systems, software, services,… Read More >>
Can A.I. Advance Automation in Commodities Trading?
Can technologies based upon artificial intelligence (A.I.) help squeeze out the manual processes that can clog the plumbing of commodity trading and risk management (CTRM) solutions? Quor Group, a provider of CTRM solutions, and ClearDox LLC, a commodities solutions provider that leverages A.I., think it can be done and have begun a collaboration. They are… Read More >>
Five Arrows to Acquire Rimes from EQT
Five Arrows, the alternative assets arm of Rothschild & Co., is slated to acquire enterprise data management (EDM) provider Rimes via an agreement that allows private equity firm EQT, together with its shareholders, to sell Rimes to Five Arrows, officials say. In February 2020, EQT invested in Rimes as a way to help Rimes “expand… Read More >>
France Active Scraps Spreadsheets & Manual Ops via Clearwater
French venture capital firm France Active has moved away from spreadsheets and manual processes and will automate its investment accounting operations as well as centralize its accounting book of record via a Clearwater Analytics platform. Based in Montreuil, France, France Active, founded in 1988, is a nonprofit that invests in “socially committed” French companies such… Read More >>
