To quote the late Yogi Berra, “It’s déjà vu all over again” when it comes to the crimes and misdemeanors of Wall Street. Given the ongoing scandals among banks and other financial services firms, it seems that some on the left of the political scale are getting worried that Wall Street (and Main Street) institutions… Read More >>
U.S. Fights Back Against Iranian Hackers
The threat of cyberattacks was prominent again in the news last week as the Department of Justice via the U.S. Attorney’s Office for the Southern District of New York unsealed grand jury indictments against seven hackers based in Iran charged with running coordinated cyber-attacks on U.S. financial services firms and securities exchanges. In fact, Justice… Read More >>
Wall Street Heavyweights Back Open Source Project for Blockchain
Blockchain technology, with distributed-ledger potential that has excited much of the financial services world, has gotten a big boost from the Linux Foundation, the San Francisco-based open source nonprofit founded in 2000, which reports the launch of a broadly based open source initiative. “The project will develop an enterprise grade, open source distributed ledger framework… Read More >>
Top Wall Street Firms Begin Overhauls for T+2
Some of the largest buy- and sell-side firms have begun the hard work needed to revamp infrastructures, workflows and budgets to facilitate the move to the shorter T+2 settlement cycle, according to participants at the recent T+2 Symposium, hosted by the Securities and Financial Markets Association (SIFMA). Key industry players, including SIFMA, the DTCC and… Read More >>
Financial Technologies Forum to Ring NASDAQ Bell
Subscribers to FTF News and attendees of FTF’s events already know the company has its finger on the pulse of the post-trade processing realm of securities trading. But tomorrow morning the founder and CEO of FTF will literally take the markets by the hand as Maureen Lowe rings the NASDAQ opening bell. On Thursday, Sept…. Read More >>
