Financial technology systems and solutions provider FIS has reengineered its Private Capital Suite as a cloud-native, software-as-a-service (SaaS) solution, and integrated the suite into FIS’s recently launched Investor Services Suite, officials say. The integration has enabled the Private Capital Suite to serve “the full private equity lifecycle, covering investor onboarding, new portfolio monitoring, portfolio analytics,… Read More >>
Euronext ETF Europe To Offer Consolidated Clearing & Settlement
Euronext, an operator of multiple trading venues, has launched Euronext ETF Europe, which will offer consolidated clearing and streamlined settlement, officials say. The new marketplace is described as “the first fully integrated marketplace for exchange-traded funds (ETFs) and exchange-traded products (ETPs) across Europe,” officials say. Officials add that post-trade operations “will also be significantly enhanced… Read More >>
Smartstream Technologies Rebrands Itself
Smartstream Technologies has rebranded all of its solutions, which now carry the “Smart” prefix, as a sign of a new, cohesive effort focused on making the company a data solutions leader, officials say. The company’s main offerings are now known as: Smart Reconciliations, for reconciliations and exceptions management; Smart Liquidity, for cash and liquidity management;… Read More >>
Options Adds Microsoft Threat Detection & Bruce ATS Integration
Options Technology, a provider of cloud-enabled managed services, reports that it has achieved a Microsoft Solutions Partner specialization for Threat Detection, and has integrated market data from the Bruce ATS, an alternative trading system aimed at overnight trading, officials say. The Microsoft Threat Detection designation “follows earlier Solutions Partner designations in Private Cloud, Modern Work,… Read More >>
GIPS Compliance Comes to Outsourced CIO Providers
The world of Outsourced Chief Investment Officers (OCIOs) is about to change as the CFA Institute‘s path to OCIO portfolio compliance with the principles of the Global Investment Performance Standards (GIPS) takes effect Dec. 31 of this year. This is good news for asset owners who reach out to OCIO providers and want the GIPS… Read More >>
CFTC Unveils Tokenized Collateral Initiative
The Commodity Futures Trading Commission (CFTC) is doing everything it can to facilitate a Golden Age of Crypto, according to Caroline D. Pham, the CFTC’s acting chairman. For instance, CFTC “will launch an initiative for the use of tokenized collateral, including stablecoins in derivatives markets. This initiative builds on the CFTC’s successful Crypto CEO Forum… Read More >>
SEC Explores New Rules for RMBS & ABS Transactions
The Securities and Exchange Commission (SEC) wants to hear from the securities industry about ways the regulator can improve its rules governing residential mortgage-backed securities (RMBS) and aspects of asset-backed securities (ABS). To gather those opinions, the SEC published a concept release inviting public comment. “The concept release notes there have been no public RMBS… Read More >>
Boothbay Fund Management Taps SS&C GlobeOp
Boothbay Fund Management, a global multi-strategy alternative investment advisor, has selected SS&C GlobeOp as its fund administrator, according to SS&C Technologies. “Boothbay’s multi-manager platform has over $2.5 billion in assets under management across more than 140 separately managed accounts. The firm selected SS&C to help scale its operations,” according to the announcement. “As our business… Read More >>
Google Cloud Passes Test for Low-Latency Trading
Google Cloud has proven its capability to deliver Tick-to-Trade (T2T) latency at sub-2 microseconds (µs), based on benchmark testing conducted by 28Stone Consulting, a financial technology and consulting services provider. This study demonstrates that cloud infrastructure is becoming increasingly capable of meeting the high demands of modern-day institutional trading firms, officials say. 28Stone carried out… Read More >>
tZERO Petitions CFTC for DCO & DCM Status
Blockchain fintech provider tZERO Group is petitioning the U.S. derivatives regulator, the Commodity Futures Trading Commission (CFTC), to become both a Derivatives Clearing Organization (DCO) and a Designated Contract Market (DCM). The move aims to position tZERO as a one-stop shop for compliant issuance, regulatory oversight, trading, and clearing within the digital asset ecosystem. A… Read More >>
