DTCC Hits Corporate Actions Milestone The DTCC reached a milestone in June when it distributed 100 million ISO 20022 corporate actions announcement messages to banks, brokerages and other financial institutions, say officials at the industry utility.The DTCC, through its subsidiary, the Depository Trust Company, began distributing ISO 20022 announcement messages in November 2011 after an… Read More >>
The Dirty Secrets of Retro Recs Processing
The dirty secret about reconciliation and exception management is that many firms – large and small – are still using mostly manual processes. They are applying a mix of calls, faxes, data feeds, spreadsheets, internally developed applications and a desktop database to the problem, essentially what they were doing to support trading in the late… Read More >>
FTF News Prediction #1 for 2013: A Major Recs Revival Gets Underway
(Editor’s Note: This story is running in our first-ever FTF News Winter/Spring digital issue that features our top five predictions on industry trends that are likely to be the focus for many securities operations and technology professionals throughout 2013. We will be running our prediction stories from the digital issue throughout the Spring. The digital… Read More >>
Case Study: Wading Into Recs Automation
Evan Fire says he didn’t rush into a new reconciliation platform when the New York-based Pzena Investment Management transitioned from a manual system to automation in 2004. Fire, who is the operations and administration manager and principal for the firm, says he took a deliberately methodical approach. The go-slow strategy was necessary because the equities-only,… Read More >>
Tech Spotlight: Gresham Computing
(Editor’s Note: Gresham Computing, based in London, is this week’s focus for the FTF News Tech Spotlight. Our Q&A with the CEO Chris Errington details how the upstart provider has reinvented itself just in time for a renaissance in reconciliation. This and other Q&A’s with key upstart companies will be featured in FTF’s online magazine,… Read More >>
