ASX, Digital Asset and VMware Sign MOU The Australian Securities Exchange (ASX) has signed a three-party memorandum of understanding (MOU) with Digital Asset (DA) and VMware to work together on distributed ledger technology (DLT) initiatives in Australia and New Zealand. Under the MOU, the ASX plans to provide its DLT offering “with the support of… Read More >>
SIX & SimCorp Partner to Ease Sanctions
Financial data services and systems provider SIX has begun a partnership with investment management systems vendor SimCorp that brings together their offerings for the Sanctioned Securities Monitoring Service at a time when sanctions are becoming a hot button issue for many financial services firms. “The partnership between SIX and SimCorp, aims to address and streamline… Read More >>
Voters Reward Disruptive & Established Providers via FTF Awards
NEW YORK CITY — A mix of disruptive and established technology providers have made the winner’s circle of the FTF News Technology Innovation Awards (the FTF Awards), which Financial Technologies Forum (FTF) is revealing today. For instance, for the Best Artificial Intelligence (A.I.) Initiative, the winner is Synechron while TCS BaNCS and its Quartz effort… Read More >>
Buy Side Faces Costly Ops Changes: SimCorp CEO
(Klaus Holse, CEO for SimCorp, is reaching out to the buy side via an open letter about front-to-back integration issues for investment management technology. His online letter notes that integration issues are caused in part by the “rapid rise of alternatives, which presents new costs and challenges.” This is helping buy-side firms rethink multi-asset, end-to-end… Read More >>
World Bank Signs Licensing Agreement with SimCorp
World Bank Deployment to Cover Middle and Back Offices SimCorp, which provides investment management products and services to the financial services industry, reports that the World Bank has licensed SimCorp Dimension, the vendor’s investment management system. The agreement was signed in late 2018, per SimCorp. Under the agreement, the World Bank has licensed SimCorp’s “middle… Read More >>
Norwegian Firm Saves $1.1M by Consolidating Systems
A major Norwegian securities firm, Storebrand Asset Management, has replaced incumbent systems with those of SimCorp for a front-to-back-office consolidation that has yielded $1.1 million in savings, confirm vendor and Storebrand officials. In fact, Storebrand officials report that it is Norway’s largest private asset manager with €71 billion ($81.4 million) in assets under management (AUM),… Read More >>
Major Ops Vendors Endorse SFTR Reporting via GTR
The DTCC has scored the support of major operations IT and service providers as they have agreed to link their Securities Financing Transactions Regulation (SFTR) reporting solutions to the DTCC’s Global Trade Repository (GTR) in a bid for a streamlined workflow, officials say. The DTCC has new partnerships with Broadridge Financial Solutions, FIS Global, Murex,… Read More >>
CFTC & U.K.’s FCA Join Forces on FinTech Push
CFTC and FCA Sign Agreement to Collaborate The U.S. CFTC and the U.K.’s Financial Conduct Authority (FCA) report the signing of an agreement that “commits the regulators to collaborating and supporting innovative firms through each other’s fintech initiatives” — LabCFTC in the U.S. and FCA Innovate in Great Britain. The heads of both regulators saluted… Read More >>
SimCorp Dimension Upgrade Targets Alternatives
Investment and accounting solutions vendor SimCorp is offering new support for hedge funds and private equity firms via its latest upgrade of SimCorp Dimension, which includes new modules and enhancements. “As part of SimCorp’s long term strategy, alternatives investments is one of SimCorp’s strategic priorities, as client feedback and industry expectations forecast consistent and long-term… Read More >>
ICE Agrees to Sell Trayport to TMX Group
ICE to Get Cash & Some TMX Group Assets The Intercontinental Exchange (ICE), which owns the New York Stock Exchange (NYSE), is selling a Trayport, a vendor of pre-trade energy solutions for traders, brokers and exchanges, to the TMX Group, parent company of the Toronto Stock Exchange, in exchange for certain TMX Group assets and… Read More >>
