Traditionally, the approach of a new year means it’s time to dust off the crystal ball. The FTF News proprietary orb is in the shop for some well-earned polishing, but never fear. There is no better prognosticator than the Depository Trust & Clearing Corp. (DTCC), which has unveiled its annual Systemic Risk Barometer Survey: 2023 Risk… Read More >>
SS&C Bolsters Its Open Protocol Service & Other Briefs
SS&C Adds ESG & Digital Asset Exposure Reporting Support The Open Protocol risk reporting service of SS&C Technologies has been improved to include digital asset and environmental, social, and governance (ESG) exposures, a step that brings the service into compliance with the ESG and digital assets reporting requirements of the Standards Board of Alternative… Read More >>
What Will Post-Pandemic Ops Look Like?
Like millions of Americans, I got my second vaccination shot over the weekend and I allowed myself to start thinking about a time when the COVID-19 pandemic and lockdown might be history. Of course, it’s difficult to entertain such thoughts when there are still hotspots in the U.S., and when several parts of the world… Read More >>
Momentum is Building for T+1: Q&A
(Editor’s Note: The COVID-19 pandemic impacted many aspects of securities operations and the DTCC just released a white paper, “Managing through a Pandemic: The Impact of COVID-19 on Capital Markets Operations,” that explores how securities operations teams functioned during the worst of the lockdown. The report acknowledges that firms will “further automate” post-trade lifecycles and… Read More >>
COVID-19 Put Cloud’s Value to the Test: Q&A
(Editor’s Note: Financial services firms that were sitting on the fence about cloud computing are changing their minds as they look to the post-pandemic world. So says Julian Trostinsky, vice president, strategy and solutions engineering at Duco Technology, which offers cloud-based, data and post-trade reconciliation systems. Trostinsky has more than two decades of experience helping… Read More >>
Is Your Back Office an Ugly Duckling?
(The pandemic-inspired market rally rollercoasters and the recent retail vs. institutional trading battles focused on GameStop Corp. and AMC Entertainment Holdings have underscored the operational drawbacks of volatility. The ripple effects are top of mind for Daniel Carpenter, head of regulation at Meritsoft, a provider of specialized cash and tax management solutions — receivables and… Read More >>
Will the London Metal Exchange End Outcry Trading?
London Metal Exchange (LME) officials are seriously considering closing their 144-year-old open outcry futures trading floor, dubbed the Ring, but it’s unclear if this action is a sign that other outcry trading venues will follow suit. The Ring has been shut down for the past 10-plus months by the pandemic lockdown, and in that time,… Read More >>
Northern Trust to Cut 500 from Global Staff
Custodian and service provider Northern Trust confirms that it will be shrinking its global workforce by approximately 500 positions, which is less than 2.5 percent of its total staff, due to the impacts of the COVID-19 pandemic and ongoing low interest rates. The staff cuts follow Northern Trust Corp.’s report of a third-quarter net income… Read More >>
Innovation Will Thrive in 2021: Greenwich Associates
As we are seeing this week via domestic and international events, it is very difficult to make any predictions for 2021 let alone name the trends for the market structure facilitating securities trading and operations. However, market research firm Greenwich Associates in a new report, “Top Market Structure Trends for 2021,” authored by industry analysts… Read More >>
Keep Hope Alive for 2021
It’s next to impossible to predict what the major trends in securities operations will be in 2021. The industry is still focused on what the new world will be after the fatal COVID-19 pandemic is defeated by vaccines and new behaviors. We may be in a holding pattern for at least the first six months… Read More >>
