The open source movement among financial services firms, including those working in capital markets, under the leadership of the Fintech Open Source Foundation (FINOS) shows no sign of slowing down with the news last week that FINOS has more than 100 members — a year-over-year increase of 20 percent. Some of the new FINOS members… Read More >>
Morgan Stanley Uses Bloomberg’s US Treasury Dealer Algos
Morgan Stanley and “a leading buy-side firm” have completed a U.S. Treasury trade using Bloomberg’s U.S. Treasury (UST) Dealer Algos, which offer buy-side clients access “to wide pools of liquidity usually available only on dealer-to-dealer trading platforms,” officials say. Beyond Morgan Stanley, the new UST Dealer Algos are supported by Citi, JPMorgan, and RBC Capital… Read More >>
NYFIX Matching Integrates Symphony’s Messaging Services
The NYFIX Matching platform is declaring that it is the first post-trade matching system to offer integrated messaging because of a new partnership between NYFIX’s owner Broadridge Financial Solutions and communication systems provider Symphony, officials say. The messaging functions are intended to help asset managers and their executing brokers with “compliance, greater transparency, and streamlined… Read More >>
T+1 Cuts Risks But Pain Points Remain: ISITC
A U.S. securities industry standards group says key issues it raised with regulators prior to the T+1 transition in the U.S., Canada, and Mexico on May 28 last year continue to be pain points for its members. The International Securities Association for Institutional Trade Communication (ISITC) is a nonprofit organization dedicated to promoting the development… Read More >>
Digital Custody Can Be Part of a Unified Strategy
(Many in the securities industry are getting ready to accommodate client demands for digital and crypto-based assets, particularly those working in the back office. One such industry participant is Apex Group, which describes itself as a single-source solution provider for capital raising and advisory services, fund services, management company services, digital banking, depositary, custody, corporate… Read More >>
SEC Quietly Approves Cost Savings for the CAT System
It’s been a while since I wrote about the ambitious and controversial big data, U.S. securities transaction monitoring project known as the Consolidated Audit Trail (CAT), which has been helping regulators FINRA and the Securities and Exchange Commission (SEC) monitor U.S. equity and options markets, exchanges, participants, transactions, and more. CAT issues have receded as… Read More >>
Pemberton Picks Broadridge’s Sentry for Portfolio Management
European private debt manager Pemberton Capital Advisors has selected Ops systems and services provider Broadridge Financial Solutions’ Sentry Private Credit Portfolio Management platform, officials say. The technology is intended to help Pemberton achieve operational efficiencies throughout its portfolio management lifecycle and scale its private debt and collateralized loan obligation (CLO) businesses to meet growing demand,… Read More >>
Broadridge Applies GenA.I. Analytics to Ops Minus Hallucinations
Post-trade services and systems provider Broadridge Financial Solutions has integrated an advanced analytics feature into its OpsGPT application that is intended to help broker-dealers and banks retrieve actionable insights quickly minus the complexity of traditional reporting tools, officials say. Applying A.I.-based technologies to established securities operations systems is happening in fits and starts and not… Read More >>
A Roundup of Predictions for 2025
I’m a little late to the predictions party but please indulge me. This is a completely unscientific, random, and unusual set of predictions for this year and maybe a little beyond. I have scanned the usual suspects and unorthodox places and presented a variety of points of view while adding a few of my own…. Read More >>
SEC’s Acting Chairman Launches Crypto Task Force
The U.S. Securities and Exchange Commission (SEC) under the new Trump team is wasting no time when it comes to forging policies that the now-former SEC Chair Gary Gensler fought against during his time at the top, particularly those concerning cryptocurrencies and other digital assets. Gensler stepped down on January 20 and Commissioner Mark T…. Read More >>
