Pico, a solutions provider for low-latency trading, is partnering with BMLL, a provider of harmonized Level 3, 2, and 1 historical data and analytics, to provide access to real-time and historical data sets simultaneously, officials say. The combination of products and services will provide “a full-suite solution of historical data, backtesting, and live trading environments”… Read More >>
SS&C Launches SaaS Updates for Geneva, Eclipse & OEMS
With alternative investment firms in mind, officials say SS&C Technologies is offering a variety of new features and functions via updated software-as-a-service (Saas) releases of the Geneva, Eclipse, and OEMS products and services platforms. “We tailor our releases to the global marketplace. The recent advancements in our alternatives solutions illustrate our commitment to them to… Read More >>
Recs Projects Still Seen as ‘Complex, Costly & Messy’
(Marc McCarthy has worked for 25 years in reconciliations. His career began as “a reconciler and then project/program manager at Tier 1 banks,” he says. He also had a secondary career in consulting, sales, and executive roles on the provider side. He launched ReconIQ, a London-based specialist in reconciliation advisory services during the second quarter… Read More >>
Geopolitical Woes Are Top Systemic Risk Concerns: Survey
A little more than half of survey respondents — 55 percent — say that they “believe there is high or very high chance” that there will be “a high-impact systemic event” in 2025, and 84 percent express concern that a geopolitical event could impact financial services during the coming year. These findings are from the… Read More >>
Omnis Extends Transfer Agency Contract with SS&C
Officials say that multi-manager investment firm Omnis Investments Ltd. has extended its transfer agency relationship with SS&C Technologies and among its top goals is the evolution of its digital service offerings. The London-based firm’s contract with SS&C covers “Omnis’s range of mutual funds, which invest across several asset classes and regions. With more than GBP10 billion [$12.6… Read More >>
Interactive Brokers Bolsters Web-Based ‘Adviser Portal’
Online broker Interactive Brokers has added trading and portfolio management tools to its web-based Advisor Portal that are intended to help financial advisors “streamline client account management,” officials say. The additional features emanate from the firm’s flagship Trader Workstation desktop platform. The latest enhancements are: Portfolio View: This feature provides “an overview of client account… Read More >>
Financial Information Inc. Unveils North American IPO Service
Financial Information Inc. (FII), a provider of corporate action data and historical reference services, has unveiled its North American Exchange Initial Public Offering (IPO) Service. Aimed at investment firms, financial institutions, and consultancies operating in U.S. markets, the service is intended to streamline IPO processes on North American exchanges by collating comprehensive data and insights… Read More >>
Are Transfer Agents Worthy of New Respect?
Is the funds industry on the verge of giving transfer agents new respect especially as these entities adjust to digital transformation and digital assets, which serve as gateways to global expansion? This is one of the arguments in a new white paper “Thinking Local, Winning Global: Transfer Agency as a Strategic Advantage,” from SS&C Technologies,… Read More >>
Trump’s SEC May Be Less Aggressive On Fines
(The Trump team is moving fast to get its cabinet nominees in order and Paul Atkins, a former SEC commissioner under President George W. Bush, has been tapped to head the SEC. If Atkins wins the approval of the U.S. Senate, he will succeed Gary Gensler who steps down on Inauguration Day. FTF News asked… Read More >>
Clear Street U.K. Launches & Joins LME
Clear Street has launched Clear Street U.K. in London, the first major step by the maker of cloud-native securities transaction services to expand beyond North America, officials say. Clear Street’s product suite includes offerings for financing, derivatives products, execution services, and futures clearing. Following approval by the U.K. regulator Financial Conduct Authority (FCA), Clear Street… Read More >>
