Following the passage of Dodd-Frank in 2010, investment advisers face a multitude of new challenges connected with SEC registration and reporting requirements. For many advisers, the extensive demands for a variety of new information add to the headaches involved in compliance.While the new reporting requirements impose costly and complex burdens on hedge fund and private… Read More >>
The Dirty Secrets of Retro Recs Processing
The dirty secret about reconciliation and exception management is that many firms – large and small – are still using mostly manual processes. They are applying a mix of calls, faxes, data feeds, spreadsheets, internally developed applications and a desktop database to the problem, essentially what they were doing to support trading in the late… Read More >>
Survey Finds Asset Managers Want to Centralize Investment Data as Interactive Brokers Embraces ISO 20022 for Corporate Actions
Aite Group Finds Support Growing for Investment Book of Records Approach Asset managers and wealth management firms are moving toward an unobstructed, holistic view of their investment data as they embrace an investment book of records (IBOR) approach, says Rick McCarthy, vice president of sales and marketing for the Americas at DST Global Solutions. The… Read More >>
Q&A: A Common Framework for Ops Data?
FTF News recently spoke with Virginie O’Shea, an analyst with market research firm Aite Group, who covers data management and post-trade technology issues. In this Q&A, O’Shea focuses on the operational data management issues that are heating up as regulators apply pressure and margins tighten. She also references an upcoming Aite Group report on investment… Read More >>
FTF News Prediction #1 for 2013: A Major Recs Revival Gets Underway
(Editor’s Note: This story is running in our first-ever FTF News Winter/Spring digital issue that features our top five predictions on industry trends that are likely to be the focus for many securities operations and technology professionals throughout 2013. We will be running our prediction stories from the digital issue throughout the Spring. The digital… Read More >>
SunGard Bets On XSP
SunGard is betting on growth in the corporate actions market with its acquisition of products and service provider XSP, which was announced yesterday. But as with many areas of securities operations, getting firms to automate corporate actions may take some time and a lot of persuasion.The acquisition, which actually took place on Dec. 21, 2012,… Read More >>
Analysis: The Presidential Race and Dodd-Frank
The winner of the U.S. Presidential race between incumbent Democrat Barack Obama and Republican challenger Mitt Romney will oversee either the next chapter for Dodd-Frank or its demise. For financial services firm, the choice voters make today will help them move out of an IT project limbo and toward more regulatory compliance or initiatives for… Read More >>
Bolstering Performance Measurement
(Editor’s Note: When it comes to performance measurement, banks and trading firms face systems integration, data integrity, spreadsheet crawl and client reporting challenges, according to Philip Lawton, a senior analyst for market research firm Aite Group’s Institutional Securities and Investments team.Lawton specializes in regulatory trends, risk management, performance measurement, including Global Investment Performance Standards (GIPS),… Read More >>
Q&A: Aite’s Honoré Says Clouds Will Need Add-Ons
Despite the hype, cloud computing is not the greatest thing since sliced bread, said Adam D. Honoré, research director at Boston-based market research firm Aite Group. Instead, he sees it as the “current, sexy iteration of technology development” that has to add value before it truly gains ground. Ultimately, the key to success in the… Read More >>
