SS&C Adds ESG & Digital Asset Exposure Reporting Support The Open Protocol risk reporting service of SS&C Technologies has been improved to include digital asset and environmental, social, and governance (ESG) exposures, a step that brings the service into compliance with the ESG and digital assets reporting requirements of the Standards Board of Alternative… Read More >>
Q&A: Can DLT Help Advance FX Forward Contracts?
(This past December, Symbiont collaborated with State Street Corp. and Vanguard on a live test of a margin calculation process that is central to the transaction of a 30-day, foreign exchange forward contract. At the heart of the transaction was Symbiont’s distributed ledger technology (DLT) platform Assembly, which has been the focus of the trio… Read More >>
SEC Advances T+1 via Proposed Rules Changes
The SEC has given a major boost to the movement to shorten settlement times in U.S. equities markets from T+2 to T+1 via a vote this week to formally propose rule changes that tighten clearing and settlement time-frames and facilitate T+1 by mid-2024. The SEC wants the proposed changes because they will “reduce the credit,… Read More >>
T+0 Settlement via New Exchange & Other Briefs
SEC Approves BSTX’s Launch The SEC has blessed the creation of a regulated, national securities exchange facility, dubbed BSTX, that can settle instruments in one day (T+0) while providing blockchain-based market data reporting, officials say. The BSTX is a trading facility of BOX Exchange and a joint venture of tZero Group, Inc., and BOX Digital… Read More >>
The Fed Is Starting to Think About CBDCs
The Federal Reserve is mulling what a digital currency backed by a central bank would look like. This should come as no surprise given the onset of blockchains and distributed ledger technology, and then cryptocurrencies and digital assets in many forms. They all have had an underlying driver – a disintermediation push to bring on… Read More >>
Dash Overhauls Its OMS & Other FinTech News
OMS Update Also Links to Dash ATS Dash Financial Technologies, an options technology and execution vendor, is launching a redesigned version of its order management system (OMS) for options trading that provides access to all routing and algorithmic execution tools such as the Sensor suite, the Dash Alternative Trading System (ATS), and an integrated volatility… Read More >>
ISITC’s Back Even Stronger in 2022: Q&A
(Kristin Hochstein is the new chair of ISITC for the 2022-23 term, and she foresees the industry standards trade group in the new year as not simply what it was before the pandemic but “even stronger and with a new lens.” Hochstein takes over from Lisa Iagatta, who finished her three-year term as chair at… Read More >>
Get Ready for the FTF Awards 2022
Get your nominations ready for the highly competitive FTF News Technology Innovation Awards 2022 — now in its 12th year — presented by Financial Technologies Forum and the FTF News service. Since 2011, FTF has celebrated and recognized the professionals, financial technology vendors, service providers, industry bodies, regulators, and other industry participants that have made… Read More >>
FactSet Buys CUSIP Global Services for $1.9 Billion
FactSet announced late last month that it is acquiring CUSIP Global Services (CGS) — a provider of identifiers for securities — from S&P Global for $1.925 billion in order to grow its data management offerings, and raise company and brand awareness in security issuance, settlement, back-office operations, and trading. “A CUSIP number is a unique… Read More >>
FinCEN Wants Better AML Regs for the U.S.
FinCEN Wants to Improve AML/CFT Regs The Financial Crimes Enforcement Network, the bureau of the United States Department of the Treasury better known as FinCEN, has issued a request for information that asks for comments on “ways to streamline, modernize, and update the anti-money laundering and countering the financing of terrorism (AML/CFT) regime of the… Read More >>
