MSIM to White Label BNY’s LiquidityDirect Custodian BNY Mellon reports that Morgan Stanley Investment Management (MSIM) is the first white-label client of BNY’s LiquidityDirect, a liquidity management solution that combines technology, connectivity, and client service, officials say. Financial services firms can offer short-term investments by using LiquidityDirect’s technology and services “through a single sign-on for their… Read More >>
Emerging PE Firms Must Bolster Ops IT: Survey
Emerging managers in the private equity space are facing the tightly related challenges of having to increase their allocation to private debt and private equity over the next 12 months while also bolstering their operational technology to meet the transparency and reporting demands of limited partners (LPs). This is the topline result of a survey… Read More >>
DSB’s UPI Service Targets Swap Reporting Regs
The Derivatives Service Bureau (DSB) reports that it has launched a service, dubbed the Unique Product Identifier (UPI), that industry participants will be required to use for swap recordkeeping and reporting to trade repositories, giving authorities a new view into potential systemic risks. Officially, UPI has been established as International Organization of Standardization standard (ISO)… Read More >>
SS&C Makes A.I. Part of the Ops Landscape
Artificial intelligence (A.I.) technologies appear to be hitting their stride with securities operations systems and services as SS&C Technologies, a major Ops provider, is showcasing offerings that make use of these cutting-edge technologies. The new and upgraded solutions are being announced and/or demonstrated at the SS&C Deliver conference, October 22-24, at JW Marriott in Austin,… Read More >>
DTCC Embraces Digital Asset Ops via Securrency Acquisition
Post-trade infrastructure provider DTCC is acquiring a tokenization infrastructure company Securrency Inc., led by CEO Nadine Chakar, creating a bridge to the “acceptance and adoption of digital assets” in securities operations, DTCC officials say. After the acquisition is finalized, Securrency, whose offerings include its Capital Markets Platform, Compliance Aware Token Framework, and Digital Asset Composer,… Read More >>
NYFIX Launches Real-Time Recs & Other News
New Offering Matches Fills In Real-Time A FIX protocol-based reconciliation offering, dubbed NYFIX Fill Matching, has been launched by post-trade systems and services provider Broadridge Financial Solutions, which adds that the solution compliments Broadridge’s post-trade NYFIX Matching solution. NYFIX Fill Matching targets the needs of asset managers “with high volume and/or high-touch orders,” according to… Read More >>
SIFMA Wants SEC to Drop PDA Ban & Other News
SIFMA: SEC Rule Puts Too Many Limits on Firms Securities industry trade association SIFMA and its Asset Management Group (AMG) are strongly urging the SEC to abandon proposed rules that would end or nullify the use of predictive data analytics (PDA) and PDA-like technologies by broker-dealers and registered investment advisors (RIAs). In August, the SEC… Read More >>
SEC Pushes More Transparency in Securities Lending Ops
Clearly, the SEC is not superstitious as it announced this past Friday the 13th major changes for securities lending via the adoption of new Rule 10c-1a. I think the industry is hoping the changes may help securities firms make the most of whatever good luck comes their way. In its announcement, the SEC focused on… Read More >>
Securities Lending Revenue Rose in Q3 & Other News
Securities Finance Industry Revenue Hit $2.65B in Q3 With the onset of T+1 shorter settlement, securities lending has come under a lot of scrutiny, but one aspect of the global securities finance industry appears to have an upside: revenue for this sector is rising. “The global securities finance industry generated $2.65 billion in revenue… Read More >>
Firms in NY State Brace for Cyberattacks
Today’s top headlines are about deadly shooting wars — in Israel, in Ukraine, and in far too many other places on the map. What will happen next is not known. But for financial services firms, the question of the day (and perhaps of the decade) is this: How do you secure the financial services industry,… Read More >>
