Johnson Financial Group has installed a risk management system for interest rate derivatives based upon a cloud-based platform from provider Derivative Path that is intended to enhance Johnson’s financial services offerings and be a foundation for related services to come. Based in Racine, Wisconsin, the privately owned Johnson Financial Group consists of subsidiaries Johnson Bank… Read More >>
Trading Technologies Acquires ATEO SAS
Trading Technologies International (TT) intends to expand its reach into clearing and other middle-office technologies and services via its acquisition of ATEO SAS, a provider of post-trade solutions for listed derivatives, officials say. TT is a software-as-a-service (SaaS) technology platform provider to global capital markets. The financial terms of the transaction, which closed on Feb…. Read More >>
Partnership Links SIX’s Connexor to D7 Platform
SIX, a Swiss financial markets data provider and exchanges company, is partnering with Clearstream to become the reference data processor for the instruments supported by the D7 digital post-trade platform from Deutsche Börse. The partnership will yield a link from SIX’s Connexor platform for reference data distribution to D7, facilitating a one-stop shop for international… Read More >>
Citi & Wellington Explore the Disruptive Power of Tokens
Late last year, Citi, Wellington Management, WisdomTree, and DTCC officials conducted a proof of concept (POC) experiment to explore how tokenization could be applied to private funds and to test the capital markets capabilities of blockchain technology. “Tokenization is the process of issuing a digital representation of an asset on a blockchain,” according to a… Read More >>
BNY Mellon Migrates Data & Analytics to Microsoft’s Azure
Custodian BNY Mellon and Microsoft are joining forces again to bring together Microsoft Azure cloud computing and BNY Mellon’s financial data and analytics capabilities, including an exploration of artificial intelligence (A.I.), officials say. The companies have worked together before “creating data, technology, and content solutions for investment managers on Microsoft Azure,” officials say. This latest… Read More >>
Danske Bank Picks ‘TBricks’ from Broadridge
Danske Bank will be supporting multi-asset trading, pricing, and position management via the Tbricks managed solutions for the front office from Broadridge Financial Solutions, officials say. Tbricks will facilitate multi-asset transactions and market-making via a modular, customizable, and scalable managed transaction platform. The system offers a user interface and built-in functions that can integrate with… Read More >>
Crypto FIGIs Debut in Time for Bitcoin ETFs
Bloomberg and Kaiko, a cryptocurrency data company, report that they have issued Financial Instrument Global Identifiers (FIGIs) for nearly 8,000 crypto assets and that FIGIs have been assigned to the cryptocurrency-related exchange-traded products (ETPs) and exchange-traded funds (ETFs) hitting the financial markets now. Bloomberg and Kaiko began their collaboration with the first series of FIGIs… Read More >>
Private Equity Firm Acquires EquiLend
Private equity firm Welsh, Carson, Anderson & Stowe (WCAS) has acquired a majority stake in EquiLend, a technology, data, and analytics provider for the securities finance industry, officials say. WCAS is “impressed with EquiLend’s highly differentiated suite of technology solutions and its sustained trusted client relationships,” says Ryan Harper, a general partner at the private… Read More >>
Hedge Fund Groups Fight SEC’s Short-Selling Rules
The National Association of Private Fund Managers (NAPFM), the Alternative Investment Management Association (AIMA), and the Managed Funds Association (MFA) have delivered a not-so-welcome holiday gift to the U.S. Securities Exchange Commission (SEC) — a lawsuit. The trio of trade associations, represented by Jeff Wall and Judd Littleton of Sullivan & Cromwell LLP, are calling on… Read More >>
T+1 Testing: Concerns Emerge Amid Progress
In the sprint toward the T+1 transition to shorter settlement in May 2024, the official line from the Depository Trust & Clearing Corp. (DTCC) is that testing is proceeding smoothly. Behind the scenes, there are concerns regarding end-to-end testing, buy-side participation, and a dearth of operational testing. Val Wotton, managing director and general manager of… Read More >>
