Q: Could we talk a little bit about a paradigm shift you’re seeing? Why do you think that’s happening? A: When we look at what’s happening with the banks today, there’s enormous pressure to cut operational costs, the cost of ongoing support for their existing systems. Each of the clients that we talk to, including… Read More >>
Celent Survey: Asia Pacific Not Ready for T+2
By and large, financial firms in the Asia Pacific region are not yet prepared to follow in Europe’s footsteps as the October 6 mandatory shortening of the settlement cycle from trade plus three days (T+3) to trade plus two days (T+2) goes into effect. That is the gist of a study published by market research… Read More >>
FTF News Takes On SIBOS
FTF News is taking on the annual SIBOS conference, put on by the SWIFT financial messaging and services cooperative. The conference is being held at the Boston Convention & Exhibition Center from Sept. 29 to Oct. 2. You can check out our online news coverage all week. We will provide a mix of product news,… Read More >>
Prime Brokers and Custodians Bury the Hatchet
Following a rocky courtship just after the financial crisis, prime brokers and custodian banks have now settled into a comfortable – if not quite loving – marriage of convenience as both sides aim to please hedge fund clients, sources say. “In the beginning, there was definitely a lot of competition between the custodian banks and… Read More >>
Some Good Things about Summer 2014
For many in Ops, the last days of summer can be a chance to escape on vacation and evaluate the past eight months in quiet moments. Was it a productive time, frustrating or a complete loss? Will the last four months of the year be a chance to truly shine? If things weren’t stellar, is… Read More >>
Celebrating FinTech Innovation
Barring the unforeseen, our magazine supplement detailing winners of the FTF News Technology Innovation Awards for 2014 will be online soon. We’re featuring profiles of the fintech providers in attendance for the gala presentation and insights from the individuals recognized for their major contributions. To complete the package, we have photos from a perfect cruise… Read More >>
Getting Hired for Ops Gains New Respect
Things have changed in the back office. The operations staff no longer takes an automatic back seat to Wall Street’s big, bad money-making wolves on the trading desk. Not that it’s turned into models ’n’ bottles in operations. But not so long ago, those in operations were widely regarded as the Rodney Dangerfields of the… Read More >>
T+2 Switch May Need Regulatory Help
Post-trade services utility DTCC has stepped up its efforts to move the industry to a shorter, T+2 settlement cycle for U.S. equities, corporate and municipal bonds and unit investment trust (UIT) trades. Neil Henderson, the DTCC’s managing director of clearing, is helping lead the charge and took a few minutes to answer FTF News’ questions…. Read More >>
And, now, the Winter/Spring edition of FTF News Magazine
The long winter has given us at Financial Technologies Forum the extra time we needed to pull together many projects such as the Winter/Spring edition of the digital FTF News magazine, officially debuting today. In the meantime, the FTF News website has been re-launched and we have hit a warp speed that Captain Kirk would… Read More >>
The Volcker Rule Hits Home
The historic Volcker Rule approved by the SEC and other regulators will impact many facets of a financial services firm’s operations as well as many business practices, and may eventually cause firms to back away from riskier and capital-intensive activities.The rule, a key provision of Dodd-Frank, bans U.S. banks and their affiliates from engaging… Read More >>
