SWIFT is strongly urging that the industry adopt Unique Transaction Identifiers (UTIs) as a way to bring more transparency to post-trade processing. The new UTI support would come via the SWIFT Securities View capability, which has had a successful pilot test, dubbed the “SWIFT Securities Tracking Pilot,” according to officials of the financial messaging, systems,… Read More >>
BofA Securities Fined $5M via OTC Reporting Case
“Oops, I did it again” might work as an excuse once, maybe even twice, especially if accompanied by a twinkly smile. But 7.4 million times? It’s not that innocent, as Britney might say. Let’s all sing along with the verse: FINRA, the self-regulating authority for U.S. broker-dealers, which is overseen by the Securities and Exchange… Read More >>
Insurance Investment Managers Can Optimize PE Returns: Q&A
(FTF News recently got time with Stan Szczepanik, managing director and head of insurance solutions at SS&C Technologies, and Scott Kurland, managing director at SS&C, who took questions about key trends facing insurance company investment portfolios — complex portfolios, a growing convergence between private equity (PE) and insurance entities, and the ways that artificial intelligence… Read More >>
Murex’s MX.3 Links to ICE Data & Other News
Murex Integrates Offerings from ICE Data Services Murex, a trading, risk management, and processing solutions vendor, reports that it has created a more efficient way for its MX.3 platform to access fixed income and derivatives data offerings from ICE Data Services, part of the Intercontinental Exchange (ICE). The MX.3 platform supports trading, treasury, risk and post-trade operations…. Read More >>
TMX Group Adopts Fixed Income Analytics & Other News
TMX Group & Overbond Form Partnership TMX Group, an operator of exchanges and global markets such as the Toronto Stock Exchange, reports that it’s integrating CDS FIPS settlement-layer Canadian bond data with fixed income AI analytics and trade automation solutions from vendor Overbond. The integration should make bond liquidity scoring and best executable pricing more… Read More >>
Prime Trading Taps Iress to Cut Data Latency
Proprietary trading firm Prime Trading has implemented solutions from Iress — formerly QuantHouse — to access key data feeds and transaction support services via application programming interface (API) links that boost data quality, cut data latency, and bring down costs, officials say. “Previously, during peak moments of high market volatility, Prime Trading experienced data latency… Read More >>
Davy Capital Markets Taps Torstone & Other News
Davy Capital Markets to Revamp Post-Trade Ops Dublin-based wealth manager Davy Capital Markets reports that it has become a Torstone Technology customer and will use the Torstone Platform to evolve its post-trade processing operations. “We have built and maintained our own post-trade platform for many years, and this has served us very well, as it… Read More >>
Cooperation Helps Firms Beat Financial Crime: Report
Sometimes financial crime is as local as your neighborhood shyster promising crypto riches to gullible kids or unsophisticated old folks. That can be a tragedy for the people who are conned. Other times, though, financial crime is international, requiring cooperation between nation-states or between private financial organizations and public agencies. And international financial crime can… Read More >>
DTCC’s ‘Project Ion’ Hits a Milestone & Other News
DLT System Settles 100,000 Transactions Per Day The DTCC’s alternative settlement platform based on blockchain/distributed ledger technology (DLT), Project Ion, has achieved a new threshold — it’s parallel processing more than 100,000 bilateral equity transactions daily and almost 160,000 transactions on peak days via the DTCC subsidiary, the Depository Trust Company (DTC). “The goal of… Read More >>
It’s Time to Check the T+1 Playbook
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 >>
