(In this FTF News Q&A, Gabriele Columbro, executive director of FINOS, discusses the Open Source Enterprise Resiliency Alliance (OSERA) effort to fend off new cyber threats coming from recent frontier models. OSERA launched with help from Moderne and key institutional members of FINOS. Columbro also explains the inspiration for the FINOS A.I. Fund and ultimately… Read More >>
Northern Trust Expands Digital Asset Reporting Support
Custodian Northern Trust has begun a collaboration with Lukka, Inc., an enterprise blockchain data and software solutions provider, that has yielded an institutional reporting service for Northern Trust clients who can access information about their digital assets held by other custody providers, officials say. “The new capability provides clients with enhanced reporting on digital asset… Read More >>
Broadridge Hits $365 Billion in Daily Repos in July
Securities operations services and systems provider Broadridge Financial Solutions reports that its Distributed Ledger Repo (DLR) has processed “an average of $365 billion in daily repo transactions during July, with volumes totaling $8.0 trillion,” a 28 percent increase year-over-year, officials say. The daily average reflects “the continued evolution of tokenized market infrastructure and the expanding… Read More >>
Apex Group Launches Private, Invitation-Only Network
Apex Group Ltd., an asset services company, has launched an invitation-only network, dubbed ‘The Inner Circle,’ intended to help solve a major challenge of private markets — “fragmented, overpriced, and inconsistent access to co-investment opportunities,” officials say. “Private capital has never been more abundant. Yet identifying the right opportunities has never been harder to navigate…. Read More >>
Nasdaq to Acquire ‘LeveL Markets’
Nasdaq has signed a definitive agreement to acquire “all the equity interests of LeveL Markets, LLC,” and will be investing in the off-exchange equity execution venue, officials say. Financial terms of the acquisition were not disclosed. The “institutionally connected execution platform” LeveL processes “hundreds of millions of shares daily and reaches more than 2,500 buy-side… Read More >>
Pre-Settlement Plumbing Must Be Ready for T+1: ESMA
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 >>
