Tokenization is hitting its stride in the securities industry as its operations infrastructure provider — the Depository Trust & Clearing Corp. (DTCC) — and major industry players tokenized real-world assets held at the Depository Trust Co. (DTC) and later used them in real trades via the largest tokenization production initiative “in breadth of use cases,… Read More >>
‘LSE 24’ to Offer Digital, Algo & Agentic Trading
Officials at the London Stock Exchange (LSE) unveiled plans to launch a 24/5 trading venue, known as London Stock Exchange 24 (LSE 24), that will support digital, algorithmic, and agentic trading, officials say. “LSE 24 is designed to support near-continuous trading from Monday to Friday, giving global investors greater flexibility to respond to market events,… Read More >>
Banks in the Nation of Georgia Embrace Nasdaq Calypso
The National Bank of Georgia — the European nation, not the Southern state — intends to modernize its treasury and financial markets infrastructure with the help of provider Nasdaq Calypso Technology, whose platform will serve as a common infrastructure for the front-to-back trade lifecycle, officials say. “Five of the country’s largest commercial banks — Bank… Read More >>
Why Exchange Connectivity Is Creating An ‘Engineering Tax’
The upcoming launch of the Texas Stock Exchange (TXSE) is forcing a structural shift in how broker-dealers manage their middle- and back-office technology. Faced with a compounding “engineering tax” of connecting to an increasingly fragmented market, Tier-1 firms are actively abandoning in-house application programming interfaces (APIs) and turning to A.I.-driven vendor platforms to prevent costly… Read More >>
SS&C To Build Digital Cash Settlement Architecture
SS&C Technologies is building an open, digital cash settlement architecture to support regulated, digital assets such as stablecoins and tokenized commercial bank deposits — the next step after SS&C launched live tokenized fund issuance and distribution capabilities via Calastone, which it acquired last year, officials say. SS&C acquired Calastone from private equity giant the Carlyle… Read More >>
Murex’s A.I. Research Effort Will Focus on Capital Markets
The hype, scope, and achievements of artificial intelligence (A.I.) technologies are stunning for good and bad reasons. It is no secret that A.I.-based anything is getting glib approval everywhere, including the multiple facets of securities operations. The only period that is somewhat comparable is the run-up to the Year 2000, when every Y2K project got… Read More >>
StanChart Links Its System to BlackRock’s Aladdin Wealth
Standard Chartered is integrating its “myWealth Advisor” platform with BlackRock’s wealth management technology platform, “Aladdin Wealth,” and the initial rollout of the combined systems will be to Singapore and Hong Kong across the bank’s Priority, Priority Private, and Private Banking client segments, officials say. The bank plans to offer the integrated systems to additional markets… Read More >>
Frankfurt International Bank Taps FIS Global
Frankfurt International Bank (FIB) has deployed the FIS Treasury & Risk Manager – Quantum Cloud Edition, a cloud-native, software-as-a-service (SaaS) platform from FIS Global, as the basis for its core treasury and risk operations, officials say. The new platform offers “fully integrated front-to-back treasury coverage … enabling the bank to build on modern infrastructure from… Read More >>
Report Urges FINRA to Overhaul Enforcement Procedures
The Financial Industry Regulatory Authority (FINRA), a self-regulatory organization (SRO) for U.S. broker-dealers, has received sweeping recommendations to overhaul its enforcement efforts, including modifications to its due process and “Wells process” practices, as a result of an effort “to better serve our self-regulatory mission,” officials say. “Last year, as part of FINRA Forward, FINRA engaged… Read More >>
USD Stablecoin To Be Explored for Tokenized Settlement
In a bid to help firms maximize the benefits of tokenization, financial services market infrastructure provider Euroclear and stablecoin issuer Société Générale-FORGE (SG-FORGE) will be exploring how a regulated USD stablecoin can be applied to the settlement and issuance of tokenized short-term funding instruments denominated in dollars, officials say. The initiative will happen at the… Read More >>
