Anadolubank Deploys MXGO Solution Turkish bank Anadolubank has gone live with a treasury and trading platform from vendor Murex to build a front-to-middle-office platform across multiple asset classes including FX, FXD, money markets, fixed income, interest rate differential (IRD) and SecFin that will help the bank expand its treasury and capital markets businesses. Anadolubank is… Read More >>
BNY Mellon & Baton Bring DLT to Collateral & Other News
BNY Mellon & Baton Systems Form Partnership Distributed ledger technology (DLT) is at the heart of a new post-trade, collateral management collaboration between BNY Mellon and Baton Systems. The joint offering links Baton’s central clearing counterparty (CCP) network with BNY Mellon’s Enterprise Continuous Portfolio Optimization (ECPO) service in an effort to help mutual clients improve… Read More >>
Firms Are Behind On CFTC Rewrite Deadline: Survey
More than half of the respondents to a recent survey say that they are behind in meeting the pending reporting requirements for what is known as the “Commodity Futures Trading Commission (CFTC) Rewrite,” which means that they might miss the December implementation deadline. The CFTC Rewrite refers to the changes coming to the over-the-counter (OTC)… Read More >>
Getting to T+1 & T+0 Will Be Hard: Survey
A new survey of participants in securities markets across the globe finds that most respondents expect shorter T+1 and T+0 settlement cycles will become the norm by 2026. But getting to T+1 in the U.S. and elsewhere will present most firms with new challenges, according to the “Securities Services Evolution” whitepaper from Citi. The report,… Read More >>
Succession Plans Will Prevent Chaos & Failure: FINRA
Here’s a good idea: Plan for life events, whether expected or unexpected. That’s the helpful word from FINRA, the broker-dealer sector’s own regulatory authority. “Succession planning can benefit customers, member firms and registered representatives,” the regulatory authority declares in its recent Regulatory Notice 22-23, which “discusses these benefits, as well as common types of succession… Read More >>
Ops Needs to Work More Closely with IT: Q&A
(FTF News recently got time with Emin Tatosian, the co-founder and chief technology officer (CTO) of FX HedgePool, a matching platform for the FX swaps market that launched in 2019. The company, which targets the mid-market execution of FX swaps, says it separates liquidity from credit and helps passive hedgers move liquidity among themselves with… Read More >>
CACEIS & RBC Investor Services Collaborate & Other News
CACEIS to Acquire Part of RBC Investor Services CACEIS, the asset servicing banking group of Crédit Agricole S.A. and Santander, and the Royal Bank of Canada (RBC) report that they have signed a Memorandum of Understanding (MoU) intended to result in the CACEIS acquisition of the European asset servicing activities of RBC Investor Services and… Read More >>
Not All ESG Funds Are Climate-Friendly: Report
Some environmental, social, and governance (ESG) funds and funds with “climate” in the name contain assets that are inconsistent with their environmentally conscious branding, according to a recent study by ESG Book. The report, “Always check the label,” examined asset data on 420 ESG funds and 95 climate-labeled funds, all of which had at least… Read More >>
Credit Suisse Settles Great Recession Case for $495M
The New Jersey Attorney General’s Office has reached a $495 million “settlement in principle” with Credit Suisse to resolve “allegations of fraud and deceit in the sale of the toxic mortgage-backed securities,” that fueled the 2008 financial crisis. For those who might have forgotten: That was the financial crisis that rocked Wall Street at the… Read More >>
SS&C Advances Blue Prism & Mainstay Offerings at ‘Deliver’
SS&C Technologies updated many of its mainstay systems and yet advanced key leading-edge offerings at the financial technology provider’s Deliver conference, held in Orlando, Fla., the week of Oct. 3. The event got underway even though Hurricane Ian made a turn toward Orlando prior to the start of the conference. SS&C’s Global Crisis Management (GCM)… Read More >>
