Electra Information Systems, a maker of reconciliation and other post-trade solutions, is launching a unified application programming interface (API) service for new and existing customers to help them ease into complex API strategies facilitating data access among applications and systems. The Electra unified API is intended as a single connection to help IT staffs at… Read More >>
BlackRock’s Aladdin Takes On Climate Risk
BlackRock Launches Climate Risk Add-On for Aladdin Asset management giant BlackRock is targeting financial institutions and investors that want to quantify climate risk via their portfolios. To help firms take on climate risk, BlackRock has launched the Aladdin Climate software application that analyzes climate risk and opportunities “at the security level,” and tracks policy changes,… Read More >>
UMR Raises the Stakes for Recs & Ops
Is it possible that the global collateral and margining reforms known as the Uncleared Margin Rules (UMR) could be viewed as having ramifications beyond increasing workloads for reconciliation and securities operations to meet the compliance challenge? Many medium-to-small-sized firms may be asking that question as they work their way through the many requirements of UMR… Read More >>
Gresham Taps Duco for Top European Sales Post
Vincent Him Joins Gresham London-based reconciliation vendor Gresham Technologies has tapped competitor SmartStream Technologies to fill a senior European sales position, underscoring its international growth efforts, officials say. Gresham has hired Vincent Him to be sales director for Europe, and he has nearly 25 years of experience across the post-trade reconciliations industry. In addition to… Read More >>
Ops Spends Too Much Time On Exceptions: Q&A
(Todd Sloan, business development, senior vice president, Electra Information Systems, took time out of his schedule to give FTF News a progress report on Electra Information Systems. The provider of reconciliation and other post-trade solutions, Electra is the winner of the 2020 FTF News Technology Innovation award for “Best Reconciliation Solution” for the fifth consecutive… Read More >>
RJO Expands MENA Presence via Acquisition
RJO Acquires Lombard Forte Securities R.J. O’Brien & Associates, a Chicago-based futures brokerage and clearing firm, is expanding its presence in the Middle East via its acquisition of Lombard Forte Securities Ltd. (LFS), a Dubai-based interdealer broker (IDB). RJO, which acquired LFS through its affiliate RJO MENA [Middle East & North Africa] in Dubai, is… Read More >>
Broadridge Partnership Yields Corporate Bond Trading Platform
Post-trade systems and services provider Broadridge Financial Solutions reports that it’s partnering with Jim Toffey, founder of Tradeweb and now CEO of LiquidX, and has added artificial intelligence technologies to a Broadridge fixed income post-trade processing offering to create a corporate bond trading platform, dubbed LTX. The new platform has already been used to execute… Read More >>
Wall Street Braces for a Safe Return
Wall Street is moving cautiously toward reopening and Monday, June 22, will serve as a milestone for when the securities industry took its first step into the new normal following a crushing pandemic that took 21,000 lives in New York City and brought the world to a halt. After three months of a pandemic lockdown,… Read More >>
Task Force Takes On Global Post-Trade Woes
The Bank of England is setting up a task force to implement the recommendations of a special panel that focused last year on the $20 billion spent annually on a “patchwork of manual or outdated technological processes” that support post-trade operations at firms across the globe. The Post‑Trade Technology Market Practitioner Panel of the U.K.’s… Read More >>
BrokerTec & triResolve Push to Advance Repo Automation
Fixed income electronic trading platform BrokerTec has joined forces with derivatives infrastructure services vendor TriOptima to offer more automation across the mostly manual lifecycle of a repo trade, officials say. The intention is to improve the repo trade workflow, Raf Pritchard, head of triResolve at CME Group, tells FTF News. The triResolve group is part… Read More >>
