TMX Group and Clearstream have launched the first domestic tri-party repo capability for the Canadian market, dubbed the Canadian Collateral Management Service (CCMS), which has already transactions via the support of BMO, CIBC, RBC, Scotiabank, and TD, officials say The service will support collateral management within the shorter, T+1 settlement requirements that take effect later… Read More >>
BondWave & DbCom Integrate Analytics & Compliance
BondWave, a fixed income solutions provider, and DbCom Inc., a financial technology company, have integrated BondWave’s pre-trade and post-trade transaction analytics with DbCom’s business and compliance platform, EQube, officials say. The new integration will be delivered via BondWave’s Effi application programming interface (API) to offer trade surveillance in support of “best execution, fair pricing, and… Read More >>
Gresham Applies A.I.-ML Breakthrough to Trade Breaks
Necessity is still the mother of invention especially when it comes to applying artificial intelligence (A.I.) and machine learning (ML) to the investigation of trade breaks as Gresham Technologies has learned. By using A.I. & ML to investigate and then learn from trade breaks, a Gresham client facing repetitive trade breaks has had a 66… Read More >>
Options & Magtia Partner for Cross-Referencing Data Platform
The new partnership between Options Technology, a capital markets trading infrastructure provider, and Magtia Ltd., a financial symbology platform vendor, will yield a cross-referencing data platform for multi-asset class content that will serve front, middle, and back-office securities operations. The partnership will result in customized application programming interface (API) connectivity combined with symbology and cross-referencing… Read More >>
AB Bolsters Funds Data Ops via Expansion Project
Asset manager AllianceBernstein has expanded its usage of BBH Infomediary Data Solutions across its fund operations to achieve data consistency, better production cycle times, customized data tagging, and improved data transparency, officials say. BBH Infomediary Data Solutions, a part of the private bank Brown Brothers Harriman & Co. (BBH), offers data integration and connectivity services…. Read More >>
GoldenSource to Sell Its Wares via AWS Marketplace
GoldenSource is making its data management offerings available on the AWS Marketplace — a website for third-party software, data, and services that run in an Amazon Web Services environment. The move will help the enterprise data management (EDM) solutions provider sell its wares to a wider market and collaborate with the AWS go-to-market team, GoldenSource… Read More >>
Wall Street Braces for a Ban on Noncompetes
A decision by the Federal Trade Commission (FTC) rarely has multiple impacts on Wall Street securities trading institutions but a nationwide FTC ban on noncompete clauses and contracts is forcing the issue at many firms great and small. Noncompetes have become an essential aspect of Wall Street’s hiring and firing of executives, managers, and all… Read More >>
SBI Securities Expands Agreement with Broadridge
A major Japanese firm, SBI Securities Co., Ltd. will be using post-trade services from Broadridge Financial Solutions when it launches its equities brokerage services to clients in the U.K., through its subsidiary SBI Shinsei International Ltd., officials say. This arrangement will be an expansion of Broadridge’s existing relationship with SBI Securities “to process Japanese equities… Read More >>
The Ops-A.I. Revolution Has Begun: SS&C’s Bill Stone
From Bill Stone’s perspective as chairman and CEO of SS&C Technologies, the fairly recent advances that SS&C has made into the Abu Dhabi market and with artificial intelligence (A.I.) are examples of the same thing — the company is breaking new ground literally and figuratively in the highly competitive world of post-trade systems, software, services,… Read More >>
Japanese Asset Manager Taps DTCC’s ITP Services
Sumitomo Mitsui Trust Asset Management has become a client of the Institutional Trade Processing (ITP) suite of services from the DTCC to fully automate its post-trade processing and for same day affirmation (SDA) for cross-border transactions within Asia-Pacific, officials say. This move is in line with the industry push to accelerate trade processing as North… Read More >>
