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 >>
Affin Group Taps Bloomberg to Streamline Ops
Officials say the Affin Group, a Malaysian banking and financial services company headquartered in Kuala Lumpur, has selected Bloomberg’s Sell-Side Order and Risk Management suite of solutions to improve workflows, strategic decision-making, and its regulatory reporting framework. The Affin Group will implement Bloomberg TOMS, a sell-side order management system (OMS), to help the company “realize operational… Read More >>
Wall Street Bonuses Show ‘Significant Bump’ for 2024
Wall Street bonuses for 2024 are estimated to hit $244,700, an increase of almost one-third — 31.5 percent — over bonuses for 2023, marking the first “significant bump” since 2021, according to the annual review compiled by New York State Comptroller Thomas P. DiNapoli. However, this bonus bounce may not be repeated next year as… 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 >>
Q&A: Tariff Battles Could Lead to Ops Layoffs
(Last week, Johnson Associates, a provider of compensation consulting services, presented a review of the financial services industry in 2024 and initial thoughts on compensation and related developments for 2025. Some of the key matters covered included the layoffs of 2024, the convergence of public and private markets, technologies impacting headcount, and the surprises so… Read More >>
Principal Asset Management Taps SS&C Again
Principal Asset Management, the investment management division of Principal Financial Group, has extended its transfer agency relationship with SS&C Technologies, which will help the firm oversee public and private investment capabilities, multi-asset strategies, and retirement solutions. “SS&C Global Investor & Distribution Solutions will provide a full range of fund services to Principal’s 114 mutual funds,… Read More >>
Urgency Building for ISO 20022 Transitions
(The Swift global cooperative for financial messaging is ending its support for the legacy MT standards for cross-border payments on Nov. 22, 2025, and is urging firms to transition to the updated ISO 20022 standard. This follows the Swift community’s decision in 2018 to adopt ISO 20022 for cross-border payments and reporting. The global embrace… Read More >>
The Treasury Clearing Reprieve Could Prevent Pitfalls
The SEC’s decision to move key deadlines for its own rule requiring centralized clearing for U.S. Treasuries and Treasury-backed repurchase contracts that were formerly cleared bilaterally has been met with approval by major industry participants. However, major market players acknowledge that the industry needs a breather to catch up to the regulator’s requirements. In particular,… Read More >>
‘EDI Bot’ for CA Data Debuts via Symphony
Exchange Data International (EDI) is offering near real-time, global corporate action updates via its EDI Bot, available via the Symphony Messaging service, officials say. The new bot is intended to simplify “the retrieval of crucial data, allowing users to access and manage corporate actions” within Symphony, according to the announcement. The EDI Bot’s key features… Read More >>
‘NYSE Texas’ to Launch in Dallas
Officials at the New York Stock Exchange (NYSE) recently announced that they plan to launch NYSE Texas, an electronic equities exchange, in Dallas, Texas by reincorporating, moving, and renaming NYSE Chicago. NYSE is part of Intercontinental Exchange, Inc. (ICE). (NYSE Chicago is the rebranding of the venerable Chicago Stock Exchange.) NYSE/ICE officials appear to be… Read More >>
