MSCI Offers Integrated Access to Its Wares MSCI, a provider of indexes and other decision support services, has launched an open architecture technology platform, dubbed MSCI ONE, that uses the Microsoft Azure cloud platform to create integrated access to “MSCI’s portfolio of products and solutions,” officials say. MSCI ONE includes “capabilities in quantitative investment… Read More >>
Neuberger Berman to Use Fund Recs Platform & Other News
Neuberger Berman to Use Velocity for EMIR Reconciliation Neuberger Berman, a New York-based, private, employee-owned investment management firm, will be using a platform from cloud-based reconciliation software vendor Fund Recs for trade reconciliation via the European Market Infrastructure Regulation (EMIR) guidelines. The firm, which oversees $418 billion in client assets, will use the Fund… Read More >>
TP ICAP Approved for Crypto-Asset Exchange Services
Interdealer broker TP ICAP has won regulatory approval to be a provider of crypto-asset exchange services via its wholesale marketplace for spot crypto-assets, dubbed Fusion Digital Assets. This is a bid to provide “a credible infrastructure” for institutions thinking about allocating capital to wholesale digital asset markets, officials say. The approval comes at a time… Read More >>
BNY Mellon & Baton Bring DLT to Collateral & Other News
BNY Mellon & Baton Systems Form Partnership Distributed ledger technology (DLT) is at the heart of a new post-trade, collateral management collaboration between BNY Mellon and Baton Systems. The joint offering links Baton’s central clearing counterparty (CCP) network with BNY Mellon’s Enterprise Continuous Portfolio Optimization (ECPO) service in an effort to help mutual clients improve… Read More >>
IPC & BXS Partner to Combine Order Analysis & Reporting
Regulatory reporting provider BXS and communications and market connectivity vendor IPC Systems have extended a partnership to target buy- and sell-side firms that want a single solution for routing, executing, and reporting orders across asset classes including crypto markets, officials say. The partnership offers securities firms links between the BXS Trade Surveillance Solution and IPC’s… Read More >>
GSAM Settles ESG Policy Woes Case for $4M
The Securities and Exchange Commission (SEC) has charged Goldman Sachs Asset Management, L.P. for its “policies and procedures failures involving two mutual funds and one separately managed account strategy marketed as Environmental, Social, and Governance (ESG) investments.” GSAM officials neither admit nor deny the SEC charges. However, to settle the case, it will “consent to… Read More >>
A CBDC for the U.S. Could Transform Ops: DTCC
A Central Bank Digital Currency (CBDC) for the U.S. could work within a settlement infrastructure based upon distributed ledger technology (DLT), but this potential overhaul of a key post-trade operation needs more exploration and the cooperation of the Federal Reserve in order to work, according to the findings of the Depository Trust & Clearing Corp…. Read More >>
Free ESG Analytics for NA Public Pensions & Other News
Impact Cubed Makes an Overture to North America Officials at Impact Cubed, an ESG data, analytics, and investment solutions vendor, recently announced that they are offering “free access to their platform for key public pension funds” in North America. The Impact Cubed platform is intended to help end-users see the granular impact of environmental, social,… Read More >>
Could the FTX Fiasco Spur Reforms?
The bankruptcy of cryptocurrency exchange FTX Trading Ltd. is causing multiple upheavals in digital asset trading markets and has spurred the collapse of cryptocurrency lender BlockFi Inc., which recently filed for chapter 11 protection. To quickly recap, “on November 11, 2022, and November 14, 2022, FTX Trading Ltd. and 101 affiliated debtors … each filed… Read More >>
SWIFT & GLEIF Build MIC-to-LEI Bridge & Other News
GLEIF Launches Open Source MIC-to-LEI Mapping SWIFT, the global financial messaging services and systems cooperative, and the Global Legal Entity Identifier Foundation (GLEIF) are cooperating to offer financial services firms a new, free way to gather, aggregate, and reconcile counterparty information via a new interoperability across parallel identity platforms, officials say. GLEIF reports that it… Read More >>
