Officials at post-trade technology provider SmartStream say that their Transaction Lifecycle Management (TLM) Collateral Management solution, version 7.0, bolsters straight through processing via new workflow automation support for margin, interest, and substitution calls. The changes are intended to help financial services firms that face rising costs, regulatory pressures, increased risk profiles, and that need “better… Read More >>
Barnett Waddingham Stays With GBST’s Upgraded ‘Composer’
Financial technology provider GBST reports that its Composer platform will continue to support the Self-Invested Personal Pension (SIPP) administration program of professional services consultancy Barnett Waddingham via the renewal of their agreement. The London-based Barnett Waddingham is an independent professional services consultancy serving risk, pensions, investment, and insurance markets. “GBST has provided SIPP technology to… Read More >>
NT Hedge Fund Services Embraces Energy Trading
Northern Trust Hedge Fund Services (NTHFS) has added support for spots, forwards, futures, and physical contracts in energy and physical commodities to its Omnium platform in response to the growing number of asset managers who are trading in global energy markets, officials say. Officials say Omnium is a middle-office and accounting platform that supports an… Read More >>
India’s T+1 Journey Has Lessons for North America
Nearly a year-and-a-half before the U.S., Canada, Mexico, Argentina, and Jamaica transitioned to a shorter settlement cycle for equities, corporate bonds, and municipal securities, India quietly implemented its T+1 settlement cycle intending to enhance liquidity and operational efficiency for India’s growing domestic markets. India also appears to have made a cost-effective transition — which may… Read More >>
State Street & Taurus to Build Digital Custody Services
State Street Corp. is bolstering its digital asset solutions business via an agreement with Taurus SA, a digital asset infrastructure provider, in response to institutional interest in digital assets that’s “at an all-time high,” according to the Boston-based custodian bank. The collaboration will add tokenization and digital custody services support to the custodian’s currently available… Read More >>
ProCap Readies Custody for 3 Digital Asset Securities
With the addition of Uniswap (UNI) and Arbitrum (ARB) to its custodial platform, Prometheum Ember Capital will offer custodian support for three digital asset securities, as the firm previously announced custody services for Ethereum’s ether (ETH) token. Prometheum Capital officials say the firm intends to fully launch its custodial services to institutional investors later this… Read More >>
ASX Sued Over Remarks About CHESS Replacement Effort
The Australian Securities and Investments Commission (ASIC), the securities industry regulator for Australia, is taking exchange operator the Australian Securities Exchange (ASX) to court over allegations that ASX officials made “misleading statements related to its Clearing House Electronic Subregister System (CHESS) replacement project.” The case was filed in the Federal Court of Australia on Aug…. Read More >>
Valverde Taps Broadridge for Investment Management System
Newcomer Valverde Investment Partners, a Singapore-based investment management firm specializing in ASEAN equities, will be using a portfolio/trade order management operations system from Broadridge Financial Solutions, officials say. The investment management solution is delivered on a software as a service (SaaS) basis and “provides a multi-asset platform with integrated order, portfolio, and risk management for… Read More >>
Derivatives Document Negotiations Need More Automation
After conducting a survey on document negotiation, the International Swaps and Derivatives Association (ISDA) is making a strong case for more digitization of derivatives documentation. ISDA officials are also arguing that firms use ISDA Create, an online platform for negotiating, producing, and executing derivatives documentation. This includes the ISDA Master Agreements, variation margin credit support… Read More >>
Firms Need to Prepare for Sec Lending Reporting
(Last year, the SEC approved Rule 10c-1a, intended to bring new transparency to securities lending transactions via reporting and dissemination requirements. Earlier this year, the Financial Industry Regulatory Authority (FINRA) proposed a new facility allowing covered securities loan transactions to be reported to the self-regulatory organization (SRO) for U.S. broker-dealers. The proposed system, the Securities… Read More >>
