StonePine Signs Up for SimCorp’s Centralization A relatively new Canadian firm, StonePine Asset Management reports that it will be using an investment platform and services from vendor SimCorp to jumpstart its growth. The new agreement will mean that SimCorp’s Software as a Service (Saas) investment management solutions will run the asset manager’s front-to-back office… Read More >>
Germany’s LPA Plans U.S. Expansion & Other News
Germany’s LPA Plans U.S. Expansion LPA, the capital markets technology and advisory firm headquartered in Frankfurt am Main, Germany, with offices in a dozen cities around the world, reports a United States expansion plan. The plan calls for a new office in New York City and the appointment of Serge Malka as the firm’s U.S…. Read More >>
ESG Boosts Client Engagement via Social Media: Q&A
(A survey conducted by digital client engagement vendor Hearsay Systems, which focuses on financial services markets, has revealed that “principles-based messaging” is achieving the highest engagement rates for financial services firms, particularly financial advisors and agents. Such messaging refers to Environmental, Social, and Governance (ESG) criteria, and efforts to involve more women and more diversity… Read More >>
Cowen Digital to Deploy SS&C Eze’s OEMS
Reflecting the range of its offerings, SS&C Technologies has news for cutting-edge, digital asset efforts and for established, institutional securities operations. For the cutting edge, Cowen Digital, the new digital asset division of investment bank Cowen, Inc., reports that it will be deploying an order/execution management system (OEMS) from SS&C Eze in support of clients… Read More >>
Crypto’s Pitfalls Are the Focus of a New Guide
Say this for the computer kids who bought into the Great Crypto Scam: They (and others who dream of easy riches) are determined to tie themselves to the blockchain, no matter what. Even the recent $300 billion drop in value across the crypto economy (as calculated by the New York Times) hasn’t dissuaded them. The… Read More >>
OSSTRA to Launch a Repo Service & Other News
OSSTRA to Debut a Repo Confirmation Service In an effort to bring more automation to repo operations, post-trade vendor OSTTRA has launched a repo confirmation service that is built upon the MarkitWire electronic trade processing platform, officials say. MarkitWire is from MarkitServ, which is part of the OSSTRA joint venture between CME Group and S&P… Read More >>
Should Buy-Side IT Teams Embrace Open Source?
(FTF News recently reached out to Madeleine Dassule, partner and co-head, technology, at Wellington Management. Dassule has joined the Fintech Open Source Foundation (FINOS) board of directors, a move that coincided with Wellington joining the nonprofit organization. FINOS is a proponent of open source technology, open standards, and collaborative efforts among software development groups in… Read More >>
Israel’s Central Bank Mulls a Potential ‘Digital Shekel’
There’s a move afoot to take the crypto out of cryptocurrency. How? Simply by pegging its value to the value of the fiat currency issued by a country’s central bank. Those not-so-crypto digital currencies are called “central bank digital currencies” or CBDCs. “Many countries are developing CBDCs, and some have even implemented them,” say our… Read More >>
How to Navigate Inflation, a Pandemic & War: Q&A
(Trading and risk management teams at global securities firms are facing a perfect storm of rising inflation, the ripple effects of the pandemic, and the Russian invasion of Ukraine. Gil Guillaumey, head of strategy — capital markets at Adenza, recently answered questions from FTF News about these concerns and about the best ways forward amid… Read More >>
Market Maker Adopts Torstone Platform & Other News
Torstone to Provide Post-Trade Ops to Tower Research Capital Market maker Tower Research Capital reports that it will be using the post-trade services of vendor Torstone Technology to grow and diversify its traded asset classes, officials say. “As we continue to diversify into new asset classes and trading strategies, at ever-increasing volumes, we need… Read More >>
