As securities firms move toward the new Nirvana of digital transformation, the result will be an acceleration of staff cuts resulting in “an enormous reduction in staff with more than 400,000 full-time employees lost by 2030,” according to a report from market research firm Opimas. In fact, asset management firms may see the greatest impact,… Read More >>
Firms Need a ‘Ruthless Focus’ on Data: Q&A
(Kristin Swenton Hochstein wears many hats. She is the head of entity data services for Refinitiv, the company spun off from the former financial and risk businesses of Thomson Reuters. She also serves as the recently elected vice chair for ISITC, the securities industry group pushing standards and best practices to improve operations. She is… Read More >>
New School Robots Need Old School Rules: Panel
Securities firms should apply old school best practices of IT and staff management when they consider resolving operational issues with robotic process automation (RPA) implementations, according to a panel discussion that was part of a recent ISITC conference. The members of the panel discussion, “Why AI and Robotics? The Allure of Intelligent Automation,” were Jason… Read More >>
More Asset Managers Will Offer ETFs: Q&A
(FTF News recently got time with Spencer Mindlin, an Aite Group analyst who focuses on capital markets, including exchange-traded funds (ETFs). For the Q&A, Mindlin tackles market structure and related issues. At the Performance Measurement Americas event, March 11-12 in New York, Mindlin will take part in the panel, “The New Burdens of ETFs.”) Q:… Read More >>
CRD Partners with AcadiaSoft & Expands Liquidnet Alliance
Charles River Development (CRD) will be working with AcadiaSoft via a new business alliance and expanding its partnership with Liquidnet — its first major industry moves since its acquisition last year by custodian giant State Street Corp. for $2.6 billion. When CRD was acquired in October 2018, the combined companies announced that they would build… Read More >>
