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 >>
Corporate Actions Processing Meets ISO 20022: Q&A
(Officials at the Depository Trust & Clearing Corp. (DTCC) recently reported that they had taken a big step toward fully automating the corporate actions lifecycle via its subsidiary, The Depository Trust Company (DTC). The DTCC also worked with Broadridge Financial Solutions. In short, the DTC processed the “first-ever, fully-automated voluntary reorganization ISO 20022 instruction,” as… Read More >>
Northern Trust’s Digital Assets Team & Other News
Northern Trust Combines Groups for Digital Effort Northern Trust has combined teams and launched a Digital Assets and Financial Markets group that will be “responsible for supporting the fast-growing digital asset markets and those dedicated to providing market access and insights across the traditional securities services markets,” officials say. The step is a recognition of… Read More >>
DTCC’s 20022 Corporate Actions Leap & Other News
DTC & Broadridge Score a Corporate Actions First With help from Broadridge Financial Solutions, the Depository Trust & Clearing Corp. (DTCC) reports that it has taken a big step toward fully automating the corporate actions lifecycle via its subsidiary, The Depository Trust Company (DTC). The DTC processed the “first-ever, fully-automated voluntary reorganization ISO 20022 instruction,” part… Read More >>
Disaster Recovery & Resilience Are Part of Production: DTCC
A new white paper from the Depository Trust & Clearing Corp. (DTCC) is making the case that disaster recovery and resilience are becoming part of the real-time, production IT infrastructure at financial services firms rather than rare contingencies. The report, “The Power of Technology Resilience: A Framework for the Industry,” argues that while firms are… Read More >>
SIFMA Praises CAT Compliance Deadline Extension
There’s a twist in the ongoing saga of the Consolidated Audit Trail (CAT) via a new delay that actually has the approval of a key player in the securities industry. To remind you, the CAT system is the result of SEC Rule 613, which requires U.S. securities exchanges and FINRA, the self-regulatory organization (SRO) for… Read More >>
Canadian Firm to Use SimCorp & Other News
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 >>
