Financial Information Inc. (FII), a provider of corporate action data and historical reference services, has unveiled its North American Exchange Initial Public Offering (IPO) Service. Aimed at investment firms, financial institutions, and consultancies operating in U.S. markets, the service is intended to streamline IPO processes on North American exchanges by collating comprehensive data and insights… Read More >>
SEC Chair Gensler to Step Down January 20
Gary Gensler will not be filling out his term as chair of the Securities and Exchange Commission (SEC) as he will be stepping down as its 33rd Chair effective at Noon on Inauguration Day, January 20, 2025, according to an SEC announcement With the onset of the second Trump administration, Gensler was never expected to… Read More >>
ACA Group Acquires FINOP Consulting
Governance, risk, and compliance (GRC) solutions provider ACA Group hopes to bolster the FINRA and SEC compliance services it offers to broker-dealers via the acquisition of FINOP Consulting, an outsourcer for broker-dealers, officials say. Officials declined to provide the financial terms of the acquisition. FINOP Consulting offers financial operations services “that ensure a broker-dealer’s financial… Read More >>
Election Results Will Impact Firms’ Sanctions Compliance
While not one of the top issues during the U.S. presidential and Congressional elections, it’s clear that two different sanctions compliance policy paths have emerged and only one will prevail on Election Day. It’s also clear that a new sanctions problem is stirring with Russia, namely its evasion of the price cap economic sanctions imposed… Read More >>
Northern Trust & Hamilton Lane Bolster Private Funds Support
Custodian Northern Trust and global private markets investment management firm Hamilton Lane are collaborating to provide Northern Trust Asset Servicing clients a new link to private market analytics and decision support services. Officials say that the collaboration offers a front-to-back office decision-making solution that combines Hamilton Lane’s analytics with Northern Trust’s investment book of record… Read More >>
Disruptive IT Takes Aim at Corporate Actions’ Problems
Corporate action processing, including problematic data issues, is interacting with disruptive technologies, and that might be good for the securities industry. A recently launched pilot shows how artificial intelligence (A.I.), blockchains, and other cutting-edge technologies may lead to a breakthrough. Chainlink, an Ethereum-based provider of decentralized “oracle” networks, is leading the pilot. Oracles are key… Read More >>
Broadridge Bolsters Solutions for DORA Compliance
Officials at Broadridge Financial Solutions say they are enhancing the provider’s international post-trade processing capabilities to help firms comply with the European Union’s Digital Operational Resilience Act (DORA), which requires firms to bolster their IT security and resilience when faced with operational disruptions. “The DORA compliance deadline is just three months away and the clock… Read More >>
U.K. to Leverage Its ‘Second-Mover’ T+1 Advantages
The U.K. Accelerated Settlement Taskforce (AST) recently released its interim report, presenting recommendations for the industry’s shift to shorter T+1 settlement. The task force has opened a brief consultation period to gather industry feedback on these recommendations. One key aspect of the task force’s strategy is learning from the U.S. experience with T+1 as part… Read More >>
Murex & Kaiko Target Portfolio Management of Digital Assets
Solutions provider Murex will be integrating crypto sector data from vendor Kaiko into the Murex trading, risk management, and processing offerings — and the duo may even build a new interface — as the result of a new strategic partnership, officials say. The combination of Murex’s cross-asset platform with Kaiko’s digital asset data, analytics, and… Read More >>
Abrdn Extends SS&C GIDS Coverage to Singapore
Global investment company and asset manager Abrdn plc, formerly known as Standard Life Aberdeen, is continuing its long-term transfer agency relationship with SS&C Global Investor and Distribution Solutions (GIDS) for its U.K. and Luxembourg fund ranges and will extend that coverage for its Singapore efforts, officials report. SS&C GIDS, which is part of SS&C Technologies,… Read More >>
