Kenneth E. Bentsen, Jr., president and CEO of SIFMA, is calling upon the Securities and Exchange Commission (SEC) to pick up the pace when it comes to a data security proposal for the Consolidated Audit Trail (CAT) system, which is slated to go live in July. The CAT system is the result of SEC Rule… Read More >>
CFTC Hopes Carbon Offsets Forum Will Spur Innovation
Rostin Behnam, the chair of the Commodity Futures Trading Commission (CFTC), is hoping to jumpstart industry interest in carbon offsets via the regulator’s first-ever Voluntary Carbon Convening, slated for June 2 via the CFTC’s headquarters in Washington, D.C. “As climate change is a collective action problem, I believe a joint effort between the CFTC and… Read More >>
FINRA Fines Two Crowdfunding Portals
FINRA is taking aim at two companies known for crowdfunding. First, a definition of crowdfunding, courtesy of Investopedia: “Crowdfunding is the use of small amounts of capital from a large number of individuals to finance a new business venture. Crowdfunding makes use of … social media and crowdfunding websites to bring investors and entrepreneurs together,… Read More >>
Broadridge’s LTX Forms Buy-Side Advisory Group
Post-trade systems and services provider Broadridge Financial Solutions has formed a buy-side advisory group to advance its LTX electronic trading platform via improved liquidity, transparency and execution quality for buy-side traders working in corporate bonds, officials say. Launched in 2020, the LTX platform, which uses artificial intelligence (A.I.) technologies and the RFX trading protocol, targets… Read More >>
SEC Moves Comment Deadlines on Key Rules & Other News
Public Gets More Time to Respond to SEC Proposals Bowing to industry requests for more time, the Securities and Exchange Commission (SEC) is extending the public comment period for three new rules in the proposal stage. Industry participants were given more time to comment upon the proposed rule “to enhance and standardize climate-related disclosures… Read More >>
FTF Reveals the Winners of the 2022 FTF Awards
Financial Technologies Forum (FTF) is pleased to announce the winners of the 2022 FTF News Technology Innovation Awards competition and to confirm that there will be an in-person gala event later this year to celebrate the industry’s achievements in operational excellence. “I think it’s safe to say that it’s been a long two years. During… Read More >>
SEC Hires 20 Crypto Cops & Other News
SEC Adds to Crypto Assets and Cyber Unit The Securities and Exchange Commission (SEC) reports adding 20 positions to its crypto assets and cyber unit, which is tasked with “protecting investors in crypto markets and from cyber-related threats.” The unit, in the SEC’s enforcement division, will grow to 50 dedicated positions, officials say. The unit,… Read More >>
Bloomberg Takes On Corporate Actions Complexity: Q&A
(FTF News recently got the chance to check in with Maureen Gallagher, the global head of enterprise reference data at Bloomberg. Our Q&A covers missing and incomplete corporate actions, the changes that Bloomberg is making to its corporate actions offerings, and the impacts of emerging, disruptive technologies. In her role, Gallagher oversees not only corporate… Read More >>
Asset Tokenization Could Reinvent Post-Trade Ops: Report
Asset tokenization holds a lot of promise for traditional capital markets, particularly via the underlying blockchain technology. But getting to the new benefits could mean a gradual replacement of some incumbent post-trade platforms, systems, and services. That’s what David Easthope tells FTF News. Easthope is a senior analyst covering market structure and technology for the… Read More >>
‘Like Upgrading an Aircraft Midflight’: Q&A
(Correspondent clearing provider RQD* Clearing (RQD) recently announced that it is broadening its partnership with broker-dealer TradingBlock to cover clearing and execution for the firm’s active and retail trading lines. In addition, RQD and TradingBlock are collaborating on TradingBlock’s forthcoming retail trading platform. TradingBlock, whose clients include proprietary traders and small hedge funds, was among… Read More >>
