Technologies based on artificial intelligence (A.I.) are having a significant impact on the software, systems, IT infrastructures, and operations of securities firms. A.I. is also raising the stakes of uncertainty for those working in securities operations. I’m referring to the uncertainty that Bill Keenan mentioned in my Q&A with him, which ran on February 10…. Read More >>
Oxane Partners Reports $1 Trillion in Client AUM
Oxane Partners, a solutions provider to participants in the private credit markets, has announced that it has achieved more than $1 trillion of aggregate client assets under management (AUM) via its hosted platform, Oxane Panorama. “Oxane Panorama is designed as a single operating environment that connects workflows and stakeholders across banks, funds, and institutional investors…. Read More >>
BNP Paribas Asset Management Pilots Tokenized MMF
BNP Paribas Asset Management has launched a tokenized share class of a French‑domiciled money market fund that is recorded on a public blockchain infrastructure, which marks the firm’s first step in its fund tokenization efforts via a public blockchain infrastructure, officials say. “The initiative relies on a permissioned access model on Ethereum, restricting holding and transfers… Read More >>
T+1 Is Spreading Across the Globe
T+1 settlement is taking wing across the globe. Earlier this month, Pakistan’s capital markets switched to T+1 settlement, replacing its long-standing existing T+2 cycle. As of February 9, all eligible trades on the Pakistan Stock Exchange (PSX) are being settled quickly on the significantly shortened timeline. According to a press release from PSX, the transition brings… Read More >>
JPX Subsidiary Leads Effort for Back-Office Improvements
Officials at JPX Market Innovation & Research (JPXI), the IT services and research unit of the Japan Exchange Group (JPX) say that they have begun developing “an industry-wide common data platform” for the Japanese securities industry as a way to bolster the efficiency of back-office operations at securities firms in the region. In fact, JPXI is… Read More >>
Nissay Asset Management Deploys Broadridge’s AOT Portal
Nissay Asset Management Corp. (NAM) has automated and digitized its assignment of trade (AOT) process by implementing the Mortgage–Backed Securities Trade Assignment Portal (TAP) from Broadridge Financial Solutions, officials say. TAP transforms “the traditionally manual, email–based assignment of trade process into a connected digital workflow,” say officials at Broadridge. Nissay, which is the first asset… Read More >>
Fidelity Upgrades FINOS Membership to Platinum
Fidelity Investments has upgraded its membership in the Fintech Open Source Foundation (FINOS) to the Platinum level, further solidifying its role in the formation of Fluxnova, a FINOS-hosted open-source orchestration platform, officials say. A Platinum membership with FINOS is priced at $200,000 annually. Fluxnova is intended to address “needs around workflow automation, vendor independence, and long-term infrastructure sustainability,”… Read More >>
Allspring to Use Investor Services from SS&C GIDS
Asset manager Allspring Global Investments is expanding its transfer agency relationship with SS&C Global Investment & Distribution Solutions (SS&C GIDS), which will now provide investor servicing support, officials say. “Under the extended agreement, SS&C will provide investor servicing to Allspring’s Institutional Liquidity business, which manages $228 billion across five money market funds,” according to the… Read More >>
LMAX Launches Conversion Facility for FX & Digital Assets
A cross-asset marketplace, LMAX Group has launched an infrastructure layer, the Omnia Exchange, that will help end-users to convert FX and digital assets in real time via an application programming interface (API), intended to unify wholesale liquidity and pricing, officials say. Omnia combines blockchain order/entry with the execution of a centralized exchange, officials add. “Omnia… Read More >>
ETF Shares to Use ‘BSKT’ Tool from Bloomberg
ETF Shares, an exchange-traded fund (ETF) issuer based in Sydney, Australia, is using an ETF creation and redemption tool, BSKT from Bloomberg, to support “more flexible and efficient” ETF baskets, officials say. ETF Shares designs its investment products to help Australian investors and financial advisers manage their own and their clients’ wealth. “Using BSKT will… Read More >>
