The investment banking and equities trading units of Maybank Kim Eng have gone live with a new order management and execution platform intended to help the firm unify its regional trading support and bolster global growth, according to bank officials. Maybank Kim Eng is using trading technology from vendor Fidessa, and went live in November… Read More >>
Texas Hedge Fund to Use Broadridge Platform
Hedge Fund Signs Up for Broadridge’s Service The Austin, Texas-based Prophet Capital Asset Management, a $2.3 billion structured credit hedge fund, is using an integrated trading, portfolio management and operating platform from Broadridge Financial Solutions to support a single platform for trading, according to Broadridge. “An established structured credit fund like ours, with a two-decade… Read More >>
A Look Back at the Tops in Ops
It’s that time of year when FTF News pauses to review the top securities operations trends of great interest to our readership in the year that was 2015. It’s been a year in which major banks and other financial institutions were slammed with penalties by the regulators. Mergers and acquisitions were rampant among big industry… Read More >>
Q&A: Firms Still in Limbo over T+2 Changes
(Editor’s Note: Matt Rodgers, senior manager at business consultancy Sapient Global Markets, thinks that it’s a little premature to know what IT infrastructure and solution changes will be required for the transition to trading day plus two settlement (T+2). The efforts of the DTCC, the Securities and Financial Market Association (SIFMA) and major industry players… Read More >>
MTS Repo Wants to Shake Up Triparty Collateral Management
As fixed income markets tighten, one vendor has introduced a solution that can create efficiencies to boost the bottom line for repo transactions. European platform, MTS Repo, has integrated the X-COM triparty collateral management solution of post-trade services provider Monte Titoli, in a move it claims will “limit risk exposure, increase returns and reduce capital… Read More >>
Daiwa Securities Embraces FIX-based Middle Office Solution
Ullink, a provider of electronic trading and connectivity solutions for the financial services industry, reports that Japan’s Daiwa Securities has picked its FIX protocol based middle office solution, UL Middle, for its Asia-Pacific equities electronic trading operations. UL Middle is a “scalable and flexible solution [that] will extend Daiwa Securities’ use of FIX to fully-automate… Read More >>
SETL Jumps Into Blockchain Race
There’s a new contender in the race to bring Blockchain technology to bear on the financial world’s post-trade infrastructure. SETL, a new startup, announced Monday that it plans to begin marketing a multi-asset, multi-currency institutional payments and settlements infrastructure based on Blockchain technology. The venture is led by Peter Randall, who made a name for… Read More >>
FIX Fails to Catch On in Post-Trade Operations: Panel
By now, most financial services firms are fairly familiar with the Financial Information eXchange (FIX) electronic trading protocol for front-office concerns like trade execution. But, thus far, the messaging standard has failed to catch on in the back office even though there is growing evidence that extending the protocol makes sense. The incumbent protocol needs… Read More >>
T-Scape Expands Into Corporate Actions
Financial software developer and consultancy T-Scape has made its first entry into the corporate actions arena with a new solution called iActs Election Manager, the first in a series of planned modules to address various corporate actions and other post-trade concerns. As the name suggests, iActs Election Manager is focused on streamlining how election events… Read More >>
Panmure Gordon to Deploy Torstone Platform
Stockbroker and investment bank Panmure Gordon has signed a multi-year deal with financial technology vendor Torstone Technology for the use of Inferno, Torstone’s post-trade securities and derivatives processing system, officials say. Panmure will use Inferno to process its post-trade flow from trade capture through to settlement, accounting and reconciliation. Inferno allows users to consolidate multiple… Read More >>
