GoldenSource, a provider of enterprise data management (EDM) systems, has launched a service that offers investment banks “a single risk factor taxonomy” for market rates used to price over-the-counter (OTC) derivatives instruments, officials say. The new Curve Master Definitions taxonomy service is intended to help banks “comply with market risk regulations and auditability requirements, including… Read More >>
DSB’s UPI Service Targets Swap Reporting Regs
The Derivatives Service Bureau (DSB) reports that it has launched a service, dubbed the Unique Product Identifier (UPI), that industry participants will be required to use for swap recordkeeping and reporting to trade repositories, giving authorities a new view into potential systemic risks. Officially, UPI has been established as International Organization of Standardization standard (ISO)… Read More >>
ISITC Explores Tokenized Commodities & Other News
ISITC & TCC Form Partnership Securities operations standards group ISITC has begun a partnership with the Tokenized Commodities Council (TCC) “to advance the understanding and adoption of digitized real world assets,” officials say. The nonprofit trade association TCC is “dedicated to educating the investment community and wider public about the benefits of and best practices… Read More >>
DTCC & CME Push to Expand Treasuries Deal & Other News
DTCC, CME Need Regulators to Allow Cross-Margining Expansion Post-trade infrastructure system and services provider DTCC and derivatives exchanges company CME Group report that they would like to improve their cross-margining arrangement so that clearing members of CME and the Government Securities Division of DTCC’s Fixed Income Clearing Corp. (FICC) can trade and clear U.S. Treasury… Read More >>
Evidology Systems Applies A.I. to Compliance & Other News
QED Platform Uses A.I. for Deeper Analysis Regulatory technology provider Evidology Systems reports that the company is using artificial intelligence (AI) technology to implement extensions of its core QED (Quality and Evidence Driven) platform to enable scenario analysis of its underlying model “inside third-party applications and workflows.” The QED platform is a “unique combination of… Read More >>
Prepare for Data Challenges Ahead of LIBOR’s June 30 Deadline: DTCC
(Editor’s note: This is sponsored content written by Ann Marie Bria, managing director and general manager, of Asset Services at the Depository Trust & Clearing Corp.) As of June 30, 2023, LIBOR will no longer be a viable reference rate for a wide variety of debt transactions. This change will have a significant impact on trillions of dollars… Read More >>
CFTC Blesses Clearing for Digital Asset Futures
Is there a lesson here for the crypto exchanges that are facing the wrath of the SEC? Digital asset clearing and settlement is a new reality for securities firms that want to keep clients happy. Toward that end, the CFTC approved Cboe Clear Digital to clear margined digital asset futures. Technically, the CFTC approved an… Read More >>
FTF Unveils Winners of the 2023 FTF Awards
With nods to established players and voter enthusiasm for other providers hitting their stride, Financial Technologies Forum (FTF) has unveiled the winners of the 2023 FTF News Technology Innovation Awards competition. The 30 winners of the FTF Awards competition — now in its 12th year — are being honored for achievements during 2022. “It’s not… Read More >>
TPG Buys Angelo Gordon for $2.7B & Other News
TPG-Angelo Gordon’s Combined AUM Is $208 Billion Private equity asset manager TPG Inc. is acquiring Angelo Gordon, a $73 billion credit and real estate investment firm via a cash and equity transaction valued at approximately $2.7 billion, officials say. Acquiring Angelo Gordon “marks a significant expansion into credit investing for TPG, establishing additional levers to… Read More >>
Pershing X to Use Snowflake’s Data Cloud & Other News
Pershing X is Expanding Its Services The Pershing X technology provider and business unit of BNY Mellon reports that it hopes to bring new analytics and data management to clients via a collaboration with Snowflake, a data cloud provider. Pershing X is “expanding its stand-alone data service offerings to wealth management firms” via the Snowflake… Read More >>
