A Japanese regional bank, FFG Asset Management, is moving to “no touch” post-trade processing for equities and fixed income transactions via the services of the Institutional Trade Processing (ITP) suite from the Depository Trust & Clearing Corp. (DTCC). FFG AM, based in Fukuoka, reports that it has selected DTCC’s CTM for the centralized matching of… Read More >>
E.U. Regulators Push the Accelerator for T+1
The European Securities and Markets Authority (ESMA), the European Commission (EC), and the European Central Bank (ECB) put out a joint statement this week indicating support for a coordinated T+1 transition with other jurisdictions in the region including the U.K. and Switzerland. Despite the complex E.U. post-trade landscape, the regulatory trio stressed the urgency of… Read More >>
ESG Data, A.I. & DLT Top IT Agendas
Despite controversy and predictions of its death, principled investments based upon environmental, social, and governance (ESG) concerns are alive and kicking as evidenced by growing demands for ESG data. Also very much alive are artificial intelligence (A.I.) technologies, which could prove to be cost-effective for automated compliance and regulatory reporting, and for middle- and back-office… Read More >>
FSB Proposes Common Reporting Format for Operational Incidents
The Financial Stability Board (FSB) has released a common operational incident format intended to counter the fragmented requirements and coordination of such reporting, officials say. Recently published for consultation, the new Format for Incident Reporting Exchange (FIRE) targets financial services firms that need to effectively report operational events such as cyber incidents, officials say. FSB… Read More >>
Broadridge Bolsters Solutions for DORA Compliance
Officials at Broadridge Financial Solutions say they are enhancing the provider’s international post-trade processing capabilities to help firms comply with the European Union’s Digital Operational Resilience Act (DORA), which requires firms to bolster their IT security and resilience when faced with operational disruptions. “The DORA compliance deadline is just three months away and the clock… Read More >>
U.K. to Leverage Its ‘Second-Mover’ T+1 Advantages
The U.K. Accelerated Settlement Taskforce (AST) recently released its interim report, presenting recommendations for the industry’s shift to shorter T+1 settlement. The task force has opened a brief consultation period to gather industry feedback on these recommendations. One key aspect of the task force’s strategy is learning from the U.S. experience with T+1 as part… Read More >>
DTCC Hopes R&D Sandbox Fosters Digital Assets Ecosystem
The Depository Trust & Clearing Corp. (DTCC) is attempting to clear a path to a functional digital asset ecosystem that is as safe as the one in place for conventional securities trading. To get there, the post-trade market infrastructure provider is unveiling the “DTCC Digital Launchpad,” described as “an industry sandbox intended to bring together… Read More >>
Murex & Kaiko Target Portfolio Management of Digital Assets
Solutions provider Murex will be integrating crypto sector data from vendor Kaiko into the Murex trading, risk management, and processing offerings — and the duo may even build a new interface — as the result of a new strategic partnership, officials say. The combination of Murex’s cross-asset platform with Kaiko’s digital asset data, analytics, and… Read More >>
Abrdn Extends SS&C GIDS Coverage to Singapore
Global investment company and asset manager Abrdn plc, formerly known as Standard Life Aberdeen, is continuing its long-term transfer agency relationship with SS&C Global Investor and Distribution Solutions (GIDS) for its U.K. and Luxembourg fund ranges and will extend that coverage for its Singapore efforts, officials report. SS&C GIDS, which is part of SS&C Technologies,… Read More >>
Wall Street Profits Jump 79% for H1 2024
Securities-trading firms in New York City — the actual Wall Street institutions — appear to be sailing to a “dramatic” increase in profits for 2024 and that could mean bigger bonuses next year, according to an annual report from the Office of the New York State Comptroller (OSC) headed by Thomas P. DiNapoli. “Wall Street’s… Read More >>
