A groundbreaking proof-of-concept initiative led by the Securities Industry and Financial Markets Association (SIFMA) and involving major financial services firms and top financial technology providers has shown the “potential advantages of implementing a shared ledger system” for post-trade operations that could spur “innovation in securities settlement processes” via improved operational efficiency, real-time liquidity access, and… Read More >>
Clear Street U.K. Launches & Joins LME
Clear Street has launched Clear Street U.K. in London, the first major step by the maker of cloud-native securities transaction services to expand beyond North America, officials say. Clear Street’s product suite includes offerings for financing, derivatives products, execution services, and futures clearing. Following approval by the U.K. regulator Financial Conduct Authority (FCA), Clear Street… Read More >>
Is the SEC at a Digital Assets Crossroads?
(SEC Chair Gary Gensler will be stepping down from the top spot for the U.S. regulator on January 20, 2025, which means the new Trump administration will be looking for a replacement. Trump is likely to name a chairperson who has a more favorable stance toward digital assets and would be far less aggressive than… Read More >>
ESMA Sets Target Date for E.U.’s T+1 Move
The European Union’s head regulator and supervisor, the European Securities and Markets Authority (ESMA), has set a definitive target date of Oct. 11, 2027, for the bloc’s highly anticipated transition to a T+1 settlement cycle. The announcement of the transition date is part of ESMA’s final report on shortening the settlement cycle, which includes the… Read More >>
OMBA Streamlines Ops via Data Management Evolution Project
(OMBA Advisory & Investments recently announced that it can streamline operations after the firm worked with SIX and FINBOURNE to facilitate near real-time API-sourced data and end-of-day pricing via a cloud-based data solution. This project was part of an overall enterprise architecture initiative. With a specialization in exchange-traded funds (ETFs), OMBA offers wealth, asset management,… Read More >>
A Glimpse at Gary Gensler’s Legacy
With the second Trump administration coming to power in January, Gary Gensler, chair of the Securities and Exchange Commission (SEC), is unlikely to be a part of the new team. During the campaign, Trump stated that he would replace Gensler. In fact, multiple media outlets have recently reported that Trump’s transition team is searching for a replacement… Read More >>
SEC Revises ‘Living Wills’ for Clearinghouses
The Securities and Exchange Commission (SEC) is revising the “living will” for covered clearing agencies (CCAs) through rule amendments and a new rule —approved late last month — all intended to boost the resilience, recovery, and wind-down planning for CCAs, officials say. “CCAs are registered clearing agencies that act as central counterparties, meaning that they… Read More >>
Indiana University Wins CME Group Trading Challenge
Indiana University, based in Bloomington, took first place in the CME Group’s 21st annual University Trading Challenge, officials say. The four-week competition, which had 2,300 students, set a new participation record. In addition to Indiana University, University Trading Challenge Winners are: Second Place: Tecnológico de Monterrey, a private university in Monterrey, Mexico; Third Place: ESLSCA… Read More >>
Northern Trust & Hamilton Lane Bolster Private Funds Support
Custodian Northern Trust and global private markets investment management firm Hamilton Lane are collaborating to provide Northern Trust Asset Servicing clients a new link to private market analytics and decision support services. Officials say that the collaboration offers a front-to-back office decision-making solution that combines Hamilton Lane’s analytics with Northern Trust’s investment book of record… Read More >>
T+1 Paves the Way for Modernized Settlement
(In North America, the move to shorter T+1 settlement has helped BNY clients to refocus on the lifecycle of a trade in new ways as they strive for optimal clearing and settlement. So says Brian Ruane in a Q&A with FTF News. A member of BNY’s Executive Committee, Ruane is senior executive vice president and… Read More >>
