(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 >>
U.K. Bank to Create 350 U.S. Jobs & Other News
Bank of London Expands in North Carolina The Bank of London, a global clearing, agency, and transaction bank, reports that it will “expand its United States footprint by opening its U.S. Global Platform and Services headquarters in Charlotte, North Carolina,” in a move that will create 350 jobs in multiple disciplines by 2026. “New positions… Read More >>
What Does a Post-UMR World Look Like?
(FTF News recently spoke with Chris Walsh, the CEO of Acadia, about the world of derivatives trading after the Uncleared Margin Rules (UMR) reforms take hold — the UMR Phase 6 deadline is September 1, 2022. An industry veteran, Walsh held key roles at NYSE Technologies, NYFIX, and Thomson Financial before Acadia, which was once… 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 >>
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 >>
JPMorgan Pays $850K to Resolve FX Swaps Case
JPMorgan has reached a $850,000 settlement with the CFTC in a case involving charges that three of the investment bank’s units failed to comply with their reporting obligations as swap dealers. The CFTC order also requires JPMorgan and its swap-dealing entities to cease and desist from further violations of the Commodity Exchange Act (CEA) and… Read More >>
RA Capital Picks Xenomorph & Other News Briefs
Xenomorph to Support Key Groups at RA Capital Boston-based investment manager RA Capital has selected data management solutions vendor Xenomorph to provide enterprise data management (EDM) support for the firm’s bio-tech and financial data needs, officials say. “We were diligent in the selection of RA Capital’s data platform. We wanted more than a standard security… Read More >>
SS&C’s Asset Allocator Platform Launches & Other News
SS&C Uses FundHub for New Platform Post-trade systems and software vendor SS&C Technologies reports that it has launched the Asset Allocator Platform, based on FundHub, to provide a holistic view of portfolio holdings, a fund document repository, and performance analysis features. SS&C GlobeOp describes FundHub as “a web-based tool for building and managing alternative investment… Read More >>
BlackRock Asks SEC to Streamline Climate Risk Reporting
With $10 trillion in assets under management (AUM), BlackRock is generally considered one of the world’s top asset managers. So, when it sends a comment letter about a regulatory matter, people tend to pay attention. Earlier this month, BlackRock sent its list of suggestions to the SEC about the regulator’s push for new regulation that… Read More >>
