DTCC officials have announced a milestone for its Alternative Investment Product Services (AIP), which has had a 20 percent increase in the number of funds to 10,000-plus unique funds. In addition, the number of AIP clients has risen to more than 2,200, an increase of 28 percent. These increases occurred over the past year. The… Read More >>
CFA Guide Helps Advance Crypto Asset Valuation
An association for investment professionals, the CFA Institute, says that it is doing its part to foster a framework for crypto asset valuation by issuing a guide intended to help financial services firms working with smart contract platforms, decentralized applications, and bitcoin. The guide, “Valuation of Cryptoassets: A Guide for Investment Professionals,” was developed by… Read More >>
Buy Side Faces Big Risks via T+1 for FX
The push for shorter settlement cycles — trading day plus one, or T+1 — could pose major settlement and operational risks for buy-side participants in foreign exchange (FX) markets, according to guidance from the Foreign Exchange Professionals Association (FXPA), based in Washington, D.C. “The introduction of T+1 is not intended to increase FX settlement risk…. Read More >>
FinTech Brief: TCS Platform to Replace ASX’s CHESS
The Australian Securities Exchange (ASX) has selected Tata Consultancy Services (TCS) to provide a clearing and settlement platform for the Australian market based upon TCS BaNCS for Market Infrastructure that will replace ASX’s incumbent CHESS system. The TCS BaNCS for Market Infrastructure has been designed for central securities depositories (CSDs), central counterparty clearinghouses (CCPs), exchanges,… Read More >>
FinTech Briefs: HSBC’s Digital Custody Platform Set for 2024 & Other News
HSBC Collaborates with Metaco HSBC officials recently announced that the international bank will launch a digital assets custody service for institutional clients that invest in tokenized securities. “Once live in 2024, HSBC’s new digital assets custody service will complement HSBC Orion, the bank’s platform for issuing digital assets, as well as HSBC’s recently launched offering… Read More >>
FinTech Brief: SimCorp Offers Investment Analytics Platform
SimCorp is launching a cloud-native performance attribution solution that targets the “growing demand” for accurate performance analytics delivered in real-time, officials say. The new service is the first to be offered via SimCorp’s Investment Analytics Platform, the next stage of SimCorp’s performance measurement offerings, officials say. The new platform is “a calculation service … constructed… Read More >>
‘SIX Bot’ Could Ease Corporate Actions Ops Burdens
SIX has launched a software application, dubbed SIX Bot, that relays information on more than 70 corporate action event types to the popular Symphony instant messaging service with help from data sharing platform ipushpull, which facilitates chat and data integration, officials say. SIX Bot could ease corporate actions processing operations because it allows the front… Read More >>
DLT Hits Its Stride in Ops
Distributed ledger technology (DLT), a.k.a. blockchains, integrated with securities operations appears to be hitting its stride as global investment banks have revealed in a new survey that they want “effective integration” of DLT as a top operations and IT priority over the next three years. The new finding is part of the 2023 annual Future… Read More >>
DTCC APIs Offer Direct Access to SSIs & Other News
DTCC ALERT Also Has an SSI Milestone Post-trade market infrastructure provider DTCC has launched a suite of application programming interfaces (APIs) and hit a milestone with its ALERT online global database for standing settlement instructions (SSIs), officials say. The ALERT API suite offers “an alternate way to request and receive SSI and market availability… Read More >>
Firms Are Rushing to Get Faster Data
Traditional financial institutions such as asset managers will have to embrace the speed of change if they want to speed up data velocity, according to SIX, an exchanges company and market and reference data provider. This was one of the main takeaways from the 2023 annual “Future of Finance” report from SIX. Nearly half, or… Read More >>
