A decision by the Federal Trade Commission (FTC) rarely has multiple impacts on Wall Street securities trading institutions but a nationwide FTC ban on noncompete clauses and contracts is forcing the issue at many firms great and small. Noncompetes have become an essential aspect of Wall Street’s hiring and firing of executives, managers, and all… Read More >>
The Ops-A.I. Revolution Has Begun: SS&C’s Bill Stone
From Bill Stone’s perspective as chairman and CEO of SS&C Technologies, the fairly recent advances that SS&C has made into the Abu Dhabi market and with artificial intelligence (A.I.) are examples of the same thing — the company is breaking new ground literally and figuratively in the highly competitive world of post-trade systems, software, services,… Read More >>
Can A.I. Advance Automation in Commodities Trading?
Can technologies based upon artificial intelligence (A.I.) help squeeze out the manual processes that can clog the plumbing of commodity trading and risk management (CTRM) solutions? Quor Group, a provider of CTRM solutions, and ClearDox LLC, a commodities solutions provider that leverages A.I., think it can be done and have begun a collaboration. They are… Read More >>
Clearstream Joins ECB’s DLT-for-Settlement Trials
Clearstream, the post-trade business unit of Deutsche Börse Group, has joined the distributed-ledger technology (DLT) trials and experiments of the European Central Bank (ECB), which is exploring DLT’s potential for wholesale central bank money settlement, given the emergence of a digital Euro. “The ECB trials will be conducted in a productive environment, using real central… Read More >>
France Active Scraps Spreadsheets & Manual Ops via Clearwater
French venture capital firm France Active has moved away from spreadsheets and manual processes and will automate its investment accounting operations as well as centralize its accounting book of record via a Clearwater Analytics platform. Based in Montreuil, France, France Active, founded in 1988, is a nonprofit that invests in “socially committed” French companies such… Read More >>
Perennial Partners Taps SS&C for Transfer Agency Services
Perennial Partners will be deploying a transfer agency and investor servicing system, the Global Investor and Distribution Solutions (GIDS) from SS&C Technologies, to streamline unit registry/call center services across its financial product lines, according to the Australian asset manager. “SS&C’s Managed Fund Administration unit will provide a full range of services to Perennial’s investors across… Read More >>
U.K. Taskforce Urges ‘Pragmatic,’ Two-Phase T+1 Transition
The Accelerated Settlement Taskforce, initiated by the U.K. government to explore expediting the settlement of financial trades in the U.K., has released its latest report, advocating for the transition to T+1 by December 31, 2027. Speaking to FTF News, Charlie Geffen, chair of the task force, says a very clear theme has emerged: the U.K…. Read More >>
FTF Unveils the 2024 FTF Awards Nominees!
Financial Technologies Forum (FTF) has unveiled the nominations for the 2024 FTF News Technology Innovation Awards competition, and the list of nominees reflects the dynamics of an industry facing digital transitions, a major effort to shorten settlement, and a final push to eliminate manual processes. The winners of the FTF Awards competition are chosen by… Read More >>
Corporate Actions Pilot Takes Aim at Manual Processes
(Editor’s Note: In early March, DTCC officials conducted a two-phased pilot program to bring more automation to corporate actions (CA) processing. The effort addresses decades-long asset services challenges around the sourcing of corporate actions announcements via streamlining interactions across the agent and issuer community through standards and automation. The ultimate goal is to eliminate manual… Read More >>
Time to Step Up Your T+1 Game?
Another T+1 readiness survey has highlighted a persistent lack of preparedness among buy-side firms as the summer deadline for the T+1 transition for the U.S., Canada, and Mexico approaches. Despite the Depository Trust and Clearing Corp.’s (DTCC) assurances, recent reports from vendors and banks depict concerning levels of unpreparedness among investment managers. This lack of… Read More >>
