The new tariff wars are spurring new operational challenges across global markets, a situation made more difficult by less-than-optimal collateral management operations at many firms. As firms navigate fluctuating markets and regulations, post-trade infrastructure provider the Depository Trust & Clearing Corp. (DTCC), and established providers SmartStream and Finastra are exploring new ways to optimize collateral… Read More >>
LDA Technologies Device Targets Data & Record-Keeping Woes
LDA Technologies, a developer of advanced ultra-low latency integrated circuits and network solutions for capital markets, has launched NeoTap X, a high-performance hardware solution that can be applied to trade monitoring, compliance reporting, advanced analytics, and optimizing network performance, officials say. The timestamping and tap aggregation features of NeoTap X are intended to help firms… Read More >>
Nasdaq Wants ‘Smart Reforms’ to Strengthen Public Companies
Private markets are becoming more appealing as public companies face greater burdens and an unpredictable regulatory environment. So say Nasdaq officials who want to change this situation by strengthening capital markets and recommending key public policy proposals to make that happen. The policy recommendations are featured in a paper, “Advancing the U.S. Public Markets: Unlocking… Read More >>
Why Data Provenance Matters to SIX
(In a wide-ranging discussion, Charles Warburton, head of product and commercial strategy — Americas, local country head — U.S., for SIX, explores the major aspects of SIX’s commitment to data provenance encompassing direct connections to data sources, the roles of corporate actions and reference data, the importance of fixed income and securities master data, and… Read More >>
The OCC Provides Some Crypto Clarity for Banks
The Trump cryptocurrency push got a major regulatory green light earlier this month when the Office of the Comptroller of the Currency (OCC) reaffirmed that “a range of cryptocurrency activities are permissible in the federal banking system.” OCC officials published Interpretive Letter 1183 “to confirm that crypto-asset custody, certain stablecoin activities, and participation in independent… Read More >>
Capco Is Working With OpenAI
Technology and management consultancy Capco is collaborating with OpenAI, the maker of ChatGPT, and the effort is intended to combine OpenAI’s innovations with Capco’s financial services domain expertise, officials say. ChatGPT is a chatbot based upon generative artificial intelligence (A.I.) technology known as the GPT-4o large language model (LLM), officials say. Like all chatbots, ChatGPT… Read More >>
SEC Roundtables Take On Crypto & A.I.
The SEC is hosting key industry roundtables this month – one will be a series of roundtables on the regulation of cryptocurrencies, and the other will be a one-day event on the governance of artificial intelligence (A.I.). The SEC’s newly formed Crypto Task Force “will host a series of roundtables to discuss key areas of… Read More >>
‘ChatGIPS’ Brings Together A.I. & Industry Standards
ChatGPT, the well-known chatbot system using artificial intelligence (A.I.) and developed by OpenAI, has crossed paths with the Global Investment Performance Standards, or GIPS, which are the voluntary ethical guidelines for performance measurement and client reporting created and maintained by the CFA Institute, and the ChatGIPS chatbot now exists in the world. Just to remind… Read More >>
Time to Consider Net-Zero Investing?
Despite backlashes against ESG-based efforts, is it time to start thinking about net-zero investing? Officials at the CFA Institute Research and Policy Center think so and recently released a guide to help investors (and investment firms) “advance the theory and practice of net-zero investing.” The guide is a serialized volume, “Investment Innovations Toward Achieving Net… Read More >>
MBI Launches Crypto Links to Tokyo & European Hubs
A provider of ultra-low latency, wireless connectivity for crypto trading, McKay Brothers International (MBI), has launched what it is calling “the lowest latency connectivity” for crypto-trading hubs in Tokyo, London, and Dublin to meet growing demand for low-latency crypto transactions. “The new service achieves sub-132ms latency (round trip) between Tokyo and London. McKay’s Tokyo-London-Dublin service… Read More >>
