Post-trade infrastructure services provider DTCC has designated its recently enhanced Omgeo Alert repository for standing settlement instruction (SSI) data as a de facto “single and centralized” SSI utility. DTCC officials timed the announcement to coincide with SIFMA’s T+2 shorter settlement conference in New York today. The utility approach to SSI data management began about three… Read More >>
Tighter Budgets Make Trading Ops Utility Model More Attractive
Cost-cutting and the crush of regulatory compliance are making a utility model for processing and sharing the costs of trade operations, including core post-trade systems, more likely, according to a new study from by Broadridge Financial Solutions. The utility model, which would incorporate reference data, reconciliations, trade expense management, corporate actions, and tax and regulatory… Read More >>
SunGard Targets FCMs via Derivatives Clearing Utility
FinTech giant SunGard Financial Systems has launched a venture to cut costs and fatten margins for derivatives brokers, unveiling a new derivatives industry clearing utility that the vendor says will increase operational efficiency by streamlining redundant workflows at clearing firms. The SunGard Derivatives Utility, as it’s called, was born out of a partnership with Barclays… Read More >>
SmartStream: Greater Back-Office Efficiency via a Utility Model
In a sponsored video interview Darryl Twiggs, SmartStream’s executive vice president, product management, talks to FTF News about the real-time message processing paradigm shift causing firms to consider big cuts in the back office and new solutions with a broader focus, based on a utility model.
