The European Union’s broader shift to a T+1 settlement cycle is officially slated for October 11, 2027. However, for middle- and back-office operations teams, the real deadline arrives nearly a year earlier. The European Securities and Markets Authority (ESMA) has drawn a line in the sand, mandating that market participants must finalize their allocations and… Read More >>
Advent International to Acquire FNZ Bank
Private equity firm Advent International and a consortium, including HarbourVest Partners, will be acquiring FNZ Bank, a wealth management banking and infrastructure provider in Germany, that is part of wealth management technology provider FNZ, officials say. No financial details were released via the participants who expect the acquisition to be complete by the second half… Read More >>
SIFMA Documents Target Firms Moving to U.S. Treasury Clearing
The SIFMA trade association and its Asset Management Group (AMG) have published the “2026 SIFMA Master Treasury Securities Clearing Agreement: Done-Away” and the schedule to the agreement to help industry participants moving to clearing in the Treasury market meet the clearing documentation needs, officials say. “Done-away Treasury clearing refers to the process in which trades… Read More >>
SEC Explores Direct Control of the CAT System
The Consolidated Audit Trail (CAT) may have a new life under the direct management of the Securities and Exchange Commission (SEC). SEC Chairman Paul S. Atkins reveals in his Aug. 10 letter to Robert Walley, chair of the CAT NMS Plan Operating Committee, that many in the securities industry want the SEC to directly control… Read More >>
SEC Special Unit To Take On Accounting Fraud
The Securities and Exchange Commission (SEC) is launching a “specialized unit” within its Division of Enforcement that will “pursue accounting and financial reporting fraud cases” and general misconduct in accounting and auditing among firms governed by the regulator. “The Financial Reporting and Accounting Unit will work in close collaboration with staff across all relevant SEC… Read More >>
CME Group & Silicon Data to Launch Compute Futures
Derivatives exchanges company CME Group and GPU market intelligence and benchmarking provider Silicon Data will launch two compute futures contracts on Oct. 5, 2026, pending regulatory review, officials say. “Explosive demand has driven sharp swings in compute prices, with volatility exposing a gap in the risk-management toolkit for companies building the A.I. infrastructure. CME Group… Read More >>
Plume Joins DTCC’s Tokenization Working Group
Officials at Plume say that the platform provider for tokenizing real-world assets (RWA) has joined the Digital Assets Solutions Industry Working Group, a major tokenization effort of the Depository Trust & Clearing Corp. (DTCC), and will offer its “expertise in compliance standards.” Announced in May, the working group represents “a broad cross-section” of traditional and… Read More >>
ANNA Service Bureau Incorporates Digital Token Identifiers
The Association of National Numbering Agencies (ANNA), a global organization that supports International Organisation for Standardization (ISO) benchmarks, has taken what it calls a logical next step by incorporating Digital Token Identifiers (DTIs) into the ANNA Service Bureau (ASB), making it easier for securities firms to incorporate DTIs into data and operational processes, officials say…. Read More >>
First Plus Asset Management Taps SS&C
First Plus Asset Management (FPAM) reports that it has expanded its relationship with SS&C Technologies by picking the provider for operations support across Asia as part of an initiative for FPAM to service “its growing cross-border operating model.” SS&C will provide the multi-asset investment management firm with solutions “across the full investment lifecycle” via an… Read More >>
E.U. Firms Anticipate Broader Adoption of Cleared Repos
European securities firms appear to be expanding the clearing repo market beyond a major function of the interdealer market to a “far wider application,” according to a new report based upon a survey of sell-side firms such as global banks, regional banks, non-bank futures commission merchants (FCMs), and non-bank brokers. Acuiti and Euronext officials interviewed… Read More >>
