To say the least, the securities-trading industry has been a little busy since it shifted to a trading day plus two business days settlement (T+2) cycle in 2017. Yet, despite market volatility, disruptive technologies, epic political and social changes, a pandemic, soaring inflation, and an ongoing war in Europe, the industry-wide drive to an even… Read More >>
FINRA Fines Morgan Stanley for Faulty Research Reports
FINRA, the broker-dealer industry’s self-regulator, alleges that — in the space of less than one year — Morgan Stanley “published approximately 11,000 equity research reports that included price charts with inaccurate historical stock ratings.” Eleven thousand! Oops. FINRA hit the venerable firm, which traces its history back to 1935 and the advent of the Glass-Steagall… Read More >>
Buy-Side Demand for Analytics Is Surging: Q&A
(FTF News recently reached out to Abhik Pal, a senior director and global head of research practice at CRISIL Global Research and Risk Solutions, about the buy side’s needs for data analytics. Pal is one of the co-authors of a new report, “Unlocking Value in Data and Analytics,” that urges sell-side firms to adopt a… Read More >>
Credit Suisse Partners with ‘Girls Who Code’ & Other News
Credit Suisse Hosts Summer Immersion Program Credit Suisse reports that it’s a corporate sponsor of a virtual Summer Immersion Program for Girls Who Code, a nonprofit group focused on ending the gender gap in technology. “Credit Suisse will host a two-week program where students in high school will have an opportunity to build the technical… Read More >>
Don’t Forget the CFTC’s Role in the Climate Debate
The Securities and Exchange Commission (SEC) has been getting a lot of attention and corporate pushback for its proposed rulemaking efforts “that would require registrants to include certain climate-related disclosures in their registration statements and periodic reports, including information about climate-related risks.” While that battle is ongoing, the chairman of the Commodity Futures Trading Commission… Read More >>
Titanium CEO Pleads Guilty to $21M Crypto Fraud
Is $21 million scammed from would-be cryptocurrency investors worth up to two decades behind bars? The 54-year-old chief executive officer of Titanium Blockchain Infrastructure Services Inc. (TBIS) might have the next 20 years to ponder his answer to that fraught question. He’ll probably learn much more about his fate on November 18 of this year,… Read More >>
Snowflake to Host Cboe’s Data Framework & Other News
Cboe to Send Data & Analytics to the Cloud Exchanges company Cboe Global Markets reports that it is moving its corporate data and analytics from onsite systems to the cloud via Snowflake’s Data Cloud. Cboe officials say that they are making the change to bring “speed, scalability, and efficiency” to Cboe’s management of internal, proprietary data… Read More >>
DTC & Kingfield Advance Automation for Corporate Actions Claims
The Depository Trust Co. (DTC), a DTCC subsidiary, reports that its automated corporate actions cash claim processing service, ClaimConnect, now links to a claims processing platform from Kingfield Corp., and the link matches claims before they’re sent to the DTC for processing and intraday settlement. ClaimConnect validates, matches, settles, and closes claims in minutes, DTC… Read More >>
Google Cloud Tapped for Climate FinTech & Other News
MAS & Google Launch Climate FinTech Initiative The Monetary Authority of Singapore (MAS) and Google Cloud report that they are launching an initiative “to drive the innovation, incubation, and scaling of climate FinTech solutions in Asia.” The Point Carbon Zero Program is “a collaboration under MAS’ Project Greenprint,” that will spur climate FinTech solutions to… Read More >>
Are We Heading Toward the Age of DLT?
I think it’s fair to say that distributed ledger technology (DLT), a.k.a. the blockchain, is making real inroads into the complex universe of post-trade securities operations. I am referring to the infrastructure-building/plumbing aspects of DLT, which emerged before its role in the wild embrace of crypto- and digital asset transactions, tokenization, etc. The DLT-based systems… Read More >>
