A provider of systems and services for securities operations, Broadridge Financial Solutions is partnering with BMLL Technologies, a provider of Level 3 historical market data and analytics, to offer pre-trade analytics capabilities for Broadridge’s global sell-side order management system (OMS) and Xilix execution management system (EMS) for buy-side firms in Japan, officials say. “Working with… Read More >>
Wesleyan Assurance Society Taps SS&C Again
Wesleyan Assurance Society, a financial services mutual based in Birmingham, West Midlands, U.K., has selected SS&C Technologies to deliver life and pensions administration services to its members and customers via a long-term agreement, officials say “This announcement builds on Wesleyan’s selection of SS&C earlier this year,” according to SS&C officials. “Following a competitive tender process,… Read More >>
Allvue Systems Debuts A.I. Agent for Complex Workflows
Allvue Systems, a provider of investment management technology solutions for alternative asset managers, has launched Andi for Fund Accounting, an agent based on artificial intelligence (A.I.) that is intended to help end-users navigate complex workflows, officials say. Andi is available for private equity and fund administration teams that use Allvue’s Fund Accounting platform. The new… Read More >>
BNY & Goldman Sachs Build Tokenized Solution for MMFs
The Bank of New York Mellon Corp. (BNY) and the Goldman Sachs Group, Inc. have begun a collaboration that requires BNY to use blockchain technology developed by Goldman Sachs to maintain a record of customers’ ownership of select money market funds (MMFs), representing an enhancement of “the utility and transferability of existing MMF shares,” officials… Read More >>
Thoma Bravo Joins 7RIDGE in Overseeing Trading Technologies
The next chapter for Trading Technologies International, Inc. (TT) will be led by private equity firm Thoma Bravo and TT’s current owner 7RIDGE in an arrangement that will focus on growth for the provider of end-to-end trading operations for banks, brokerages, money managers, hedge funds, proprietary traders, commodity trading advisors (CTAs), commercial hedgers, and risk… Read More >>
Layoffs Not Ruled Out as StoneX Integrates RJO
StoneX Group Inc. has completed its acquisition of R.J. O’Brien (RJO), regarded as the oldest independent futures brokerage in the United States, and is positioning the combined company as the largest non-bank futures commission merchant (FCM) in the U.S. In the meantime, Philip Smith, CEO of StoneX, has not ruled out layoffs as a result… Read More >>
Regulators Want the U.S. to Rule Crypto Markets
The highly touted “Crypto Week” of July 14-18 — when Congress mulled over major legislation to kick-start the digital asset era for U.S. markets — was just the start of the Trump team’s push to have the United States dominate global crypto markets. Toward the end of last month, “The President’s Working Group on Digital… Read More >>
KYC & Compliance Reap Rewards from Agentic A.I.: Survey
A growing number of global financial institutions are using agentic artificial intelligence (A.I.) to evolve the efficiency of their compliance operations and to automate key tasks such as know your customer (KYC) efforts, according to a new study from Fenergo, a provider of digital solutions for KYC and anti-money laundering (AML) compliance. Hopes are running… Read More >>
Firms Struggle with Off-Channel Communication Rules
Financial services firms have shifted their compliance priorities away from off-channel communication concerns despite a whirlwind of penalties issued by former SEC Chair Gary Gensler during the Biden years, according to a new survey. But the rules, monetary penalties, and risk of reputational harm have not gone away from off-channel violations, Ryan Sheridan, U.S. head… Read More >>
SS&C Acquires Calastone to Revamp Global Funds Ops
SS&C Technologies, a post-trade securities operations services and systems provider, is acquiring Calastone, a global funds network and financial technology solutions provider, from the Carlyle Group for $1.03 billion (£766 million) in an effort to build “a more connected, automated, and intelligent global fund ecosystem,” say SS&C officials. Calastone’s network and technology solutions are expected… Read More >>
