Officials say that multi-manager investment firm Omnis Investments Ltd. has extended its transfer agency relationship with SS&C Technologies and among its top goals is the evolution of its digital service offerings. The London-based firm’s contract with SS&C covers “Omnis’s range of mutual funds, which invest across several asset classes and regions. With more than GBP10 billion [$12.6… Read More >>
Interactive Brokers Bolsters Web-Based ‘Adviser Portal’
Online broker Interactive Brokers has added trading and portfolio management tools to its web-based Advisor Portal that are intended to help financial advisors “streamline client account management,” officials say. The additional features emanate from the firm’s flagship Trader Workstation desktop platform. The latest enhancements are: Portfolio View: This feature provides “an overview of client account… Read More >>
Financial Information Inc. Unveils North American IPO Service
Financial Information Inc. (FII), a provider of corporate action data and historical reference services, has unveiled its North American Exchange Initial Public Offering (IPO) Service. Aimed at investment firms, financial institutions, and consultancies operating in U.S. markets, the service is intended to streamline IPO processes on North American exchanges by collating comprehensive data and insights… Read More >>
Are Transfer Agents Worthy of New Respect?
Is the funds industry on the verge of giving transfer agents new respect especially as these entities adjust to digital transformation and digital assets, which serve as gateways to global expansion? This is one of the arguments in a new white paper “Thinking Local, Winning Global: Transfer Agency as a Strategic Advantage,” from SS&C Technologies,… Read More >>
Trump’s SEC May Be Less Aggressive On Fines
(The Trump team is moving fast to get its cabinet nominees in order and Paul Atkins, a former SEC commissioner under President George W. Bush, has been tapped to head the SEC. If Atkins wins the approval of the U.S. Senate, he will succeed Gary Gensler who steps down on Inauguration Day. FTF News asked… Read More >>
Clear Street U.K. Launches & Joins LME
Clear Street has launched Clear Street U.K. in London, the first major step by the maker of cloud-native securities transaction services to expand beyond North America, officials say. Clear Street’s product suite includes offerings for financing, derivatives products, execution services, and futures clearing. Following approval by the U.K. regulator Financial Conduct Authority (FCA), Clear Street… Read More >>
SEC Chair Gensler to Step Down January 20
Gary Gensler will not be filling out his term as chair of the Securities and Exchange Commission (SEC) as he will be stepping down as its 33rd Chair effective at Noon on Inauguration Day, January 20, 2025, according to an SEC announcement With the onset of the second Trump administration, Gensler was never expected to… Read More >>
ESMA Sets Target Date for E.U.’s T+1 Move
The European Union’s head regulator and supervisor, the European Securities and Markets Authority (ESMA), has set a definitive target date of Oct. 11, 2027, for the bloc’s highly anticipated transition to a T+1 settlement cycle. The announcement of the transition date is part of ESMA’s final report on shortening the settlement cycle, which includes the… Read More >>
Liquidnet Launches Liquidity-Seeking Algorithm
Agency execution specialist Liquidnet has released in the U.S. a new algorithm for its equities platform. Dubbed SmartDark, the algorithm is intended to help institutional traders prioritize “routing to venues with larger execution sizes and better price stability,” officials say. “SmartDark incorporates a variety of yield and quality metrics to give traders an optimal blend… Read More >>
ACA Group Acquires FINOP Consulting
Governance, risk, and compliance (GRC) solutions provider ACA Group hopes to bolster the FINRA and SEC compliance services it offers to broker-dealers via the acquisition of FINOP Consulting, an outsourcer for broker-dealers, officials say. Officials declined to provide the financial terms of the acquisition. FINOP Consulting offers financial operations services “that ensure a broker-dealer’s financial… Read More >>
