The Government Securities Division (GSD) of the Fixed Income Clearing Corp. (FICC) cleared $9.2 trillion in U.S. Treasury activity on September 3, a record-setting milestone that could bode well for the mandated centralized clearing to come next year. The steady industry movement to centralized clearing is a sign that industry players are embracing the reforms… Read More >>
State Street & Taurus to Build Digital Custody Services
State Street Corp. is bolstering its digital asset solutions business via an agreement with Taurus SA, a digital asset infrastructure provider, in response to institutional interest in digital assets that’s “at an all-time high,” according to the Boston-based custodian bank. The collaboration will add tokenization and digital custody services support to the custodian’s currently available… Read More >>
TS Imagine Launches a CCP Margin Calculator
TS Imagine, a global, cross-asset provider of trading, portfolio, and risk management solutions, has released a margin calculator offering intended to improve the way securities firms meet the minimum requirements of central counterparty clearinghouses (CCPs). The RiskSmart X’s CCP Margin Calculator is an extension of the RiskSmart X offering that launched last year, which helps… Read More >>
SEC Launches Interagency Effort to Bolster Enforcement
The Securities and Exchange Commission’s Division of Enforcement has launched the Interagency Securities Council (ISC) to better coordinate enforcement among federal, state, and local agencies, SEC officials say. The ISC will involve representatives from “more than 100 departments and agencies, including federal agencies, state offices of attorneys general and state police, and local police departments… Read More >>
Gresham & Alveo Merge to Offer More Data Services
Following a complex set of financial maneuvers, data reconciliation vendor Gresham Technologies has merged with Alveo, a market data integration and analytics solutions provider, via a transaction that Alveo’s majority owner private equity firm STG Partners helped make happen, officials say. In fact, before the current merger, STG Partners and Alliance Bidco, a company owned… Read More >>
Tokenized Securities Offer Many Ops Benefits
(The digital overhaul for securities trading and operations is moving quickly to the next chapter facilitated by blockchains, cryptocurrencies, tokenization, and more. To help those working in traditional securities operations, FTF News reached out to Thomas Sullivan, managing director-head of business development for digital assets at Societe Generale. Sullivan agreed to provide explanations on the… Read More >>
M&G Investments Picks Clearwater Analytics
London-based M&G Investments, an international asset manager and part of M&G plc has tapped Clearwater Analytics for its software-as-a-service (SaaS) investment accounting solution for investment accounting and reporting, officials say. The Clearwater Analytics offerings encompass investment management, accounting, reporting, and analytics solutions. “The Clearwater platform will automate investment management and regulatory reporting and support the… Read More >>
NYSE Equities Trading Hit By Temporary Glitch
Equities trading via the New York Stock Exchange (NYSE) got off to a rocky start on Monday, June 3, causing transaction halts for as many as 40 symbols listed on NYSE Group exchanges, officials say. The glitch was resolved before Noon EST. “After the market opened on the morning of June 3, 2024, a technical… Read More >>
IPC & VoxSmart Partner to Improve Transcriptions
IPC Systems, a trading communication and multi-cloud connectivity provider, is collaborating with VoxSmart, a communications surveillance company, to improve multilingual transcription technology for financial services firms, officials say. The collaboration will involve artificial intelligence (AI) technology and “real-life conversations had by capital markets professionals,” officials say. The partnership is intended to yield “a 50-fold increase… Read More >>
Plenitude Consulting Acquires Contineo
Plenitude Consulting, a financial crime risk and compliance company, intends to strengthen its advisory and data analytics offerings with the acquisition of Contineo Financial Risk Solutions Ltd., a specialist financial crime compliance (FCC) provider, officials say. Plenitude Consulting, based in London, is not disclosing the financial details of its acquisition. However, the company will be… Read More >>
