(Editor’s note: The financial services industry “is unique and will always require human interaction to cover things like reviews and approvals. It is, however, possible that robots could cause somewhat of a disruption in the financial industry, especially in technology sectors,” says Julian Trostinsky, global director of customer success for Gresham Technologies, in this second… Read More >>
SEC Denies FTX Meeting Spurred General Counsel’s Exit
The SEC is denying media reports that Dan Berkovitz, general counsel for the regulator, is leaving his post as a result of a meeting he had with controversial crypto exchange FTX founder Samuel Bankman-Fried (SBF) when Berkovitz was a CFTC commissioner. Late last month, as the FTX scandal grew, Bankman-Fried’s past donations to politicians and… Read More >>
The Post-Trade Talent Crisis Is Real: Q&A
(Editor’s note: Post-trade teams at financial services firms have to take on new asset classes, regulations, data quality controls, and other requirements while also trying to attract and retain new talent, says Julian Trostinsky, global director of customer success for Gresham Technologies, in this Q&A for FTF News. A provider of real-time processes, procedures, and… Read More >>
UBS Australia Deploys Syn~Ops Suite & Other News
FNZ Scores Sixth Win in Australia UBS Australia and vendor FNZ report that the bank has deployed the Syn~Ops post-trade securities processing product suite across multiple asset classes in markets around the globe — the sixth Australian firm to migrate to Syn~Ops. The FNZ’s Syn~ product suite offers “real-time trade and settlements processing capabilities at… Read More >>
CAT Data Helps SEC Build Insider Trading Case
The ambitious, big data, securities transaction monitoring project known as the Consolidated Audit Trail (CAT) helped SEC officials build a case in an alleged, multi-year, insider trading scheme that yielded $47 million for the accused perpetrators, according to the SEC. “The SEC staff analyzed trading using the Consolidated Audit Trail (CAT) database to uncover [Alan]… Read More >>
Looking Back at Our Content for 2022
First, we at FTF & FTF News are hoping that you are enjoying or are about to enjoy a great and well-deserved holiday break. FTF, too, is taking a break for a week between Christmas and New Year’s Day. We will not leave you hanging, though. We have lined up special alerts for you —… Read More >>
MSCI Platform Uses Microsoft Azure & Other News
MSCI Offers Integrated Access to Its Wares MSCI, a provider of indexes and other decision support services, has launched an open architecture technology platform, dubbed MSCI ONE, that uses the Microsoft Azure cloud platform to create integrated access to “MSCI’s portfolio of products and solutions,” officials say. MSCI ONE includes “capabilities in quantitative investment… Read More >>
LSEG Buys Acadia to Bolster Post-Trade Wares
The London Stock Exchange Group (LSEG) has acquired Acadia, maker of margin calculation and risk mitigation offerings, in a bid to expand the LSEG’s post-trade wares for the uncleared derivatives transaction space, officials say. Acadia offers risk management, margining, and collateral services to help securities firms navigate uncleared, over-the-counter (OTC) derivatives markets. Acadia offers product… Read More >>
Turkish Bank Goes Live with Murex System & Other News
Anadolubank Deploys MXGO Solution Turkish bank Anadolubank has gone live with a treasury and trading platform from vendor Murex to build a front-to-middle-office platform across multiple asset classes including FX, FXD, money markets, fixed income, interest rate differential (IRD) and SecFin that will help the bank expand its treasury and capital markets businesses. Anadolubank is… Read More >>
BNY Mellon & Baton Bring DLT to Collateral & Other News
BNY Mellon & Baton Systems Form Partnership Distributed ledger technology (DLT) is at the heart of a new post-trade, collateral management collaboration between BNY Mellon and Baton Systems. The joint offering links Baton’s central clearing counterparty (CCP) network with BNY Mellon’s Enterprise Continuous Portfolio Optimization (ECPO) service in an effort to help mutual clients improve… Read More >>
