SET Upgrades Core Platform The Stock Exchange of Thailand (SET) reports that it has launched a new trading platform that includes market data distribution and market surveillance systems — based on Nasdaq technology. “The new system implementation is an upgrade of the core operating system that is the heart of the Thai capital market, making… Read More >>
Voting Begins in the FTF Awards Competition!
We are pleased to announce that voting has begun for the nominees of the FTF News Technology Innovation Awards 2023, a competition overseen by Financial Technologies Forum (FTF) and the news service. Industry participants pick the winners. Voting began on March 20 when we officially unveiled the nominees and will end on April 28. We… Read More >>
BNY Mellon Targets Buy Side via Outsourced Trading & Other News
New Services Offered via BNY Mellon Capital Markets BNY Mellon is targeting buy-side firms with a new outsourced, multi-asset, global trading service that the custodian bank says will help clients cut spending on data, trading infrastructure, analytics, reporting, and associated trade execution support functions. With asset managers and asset owners also in mind, the… Read More >>
BNY Mellon Adds RTP to Pershing Platform & Other News
Pershing’s NetXInvestor Supports RTP An investor portal used by broker-dealers and registered investment advisors (RIAs), NetXInvestor from BNY Mellon Pershing, will be integrating real-time payments (RTP) technology to assist clients as they manage their portfolios, officials say. “RTP is a new form of electronic money transfer that enables real-time deposits and withdrawals, giving broker-dealers and… Read More >>
BNY Mellon’s Digital Custody Launches & Other News
BNY Mellon’s Digital Asset Custody Goes Live BNY Mellon reports that its Digital Asset Custody platform has gone live in the U.S. and key clients can “hold and transfer bitcoin and ether,” establishing the custodian’s capability to offer traditional and digital asset servicing. The firm launched an enterprise digital assets unit in 2021 “to develop… Read More >>
BNY & Goldman Sachs Test Drive DLT & Other News
BNY & Goldman Sachs Pioneer DLT-Based Securities Financing BNY Mellon and Goldman Sachs have “completed the industry’s first agency securities lending transactions” via the distributed ledger technology (DLT) platform of HQLAᵡ , a financial technology vendor focused on securities finance and repo transactions. “As part of the combined series of 35-day term transactions with a… Read More >>
BNY Mellon Unit & SEC Resolve ESG Omissions Case
BNY Mellon Investment Adviser (BNYMIA) is paying a $1.5 million penalty to the SEC to settle charges that it made “misstatements and omissions” about the mutual fund reviews that were intended to verify whether environmental, social, and governance (ESG) concerns were considered when investment decisions were made. As the SEC explains in its order, its… Read More >>
Asset Tokenization Could Reinvent Post-Trade Ops: Report
Asset tokenization holds a lot of promise for traditional capital markets, particularly via the underlying blockchain technology. But getting to the new benefits could mean a gradual replacement of some incumbent post-trade platforms, systems, and services. That’s what David Easthope tells FTF News. Easthope is a senior analyst covering market structure and technology for the… Read More >>
StanChart Uses A.I. for Onboarding Funds & Other News
Standard Chartered Joins the Saphyre Platform Standard Chartered’s capital markets division is using a platform that applies artificial intelligence (A.I.) to the onboarding process for new funds and for the maintenance of those funds, say officials at Saphyre, which is the name of the platform and the financial technology vendor that created it. The patent-approved… Read More >>
Fidelity Gives a Nod to Bitcoins & Other News
Fidelity Launches a 401(k) Plan for Digital Assets Fidelity Investments will allow individuals to allocate a portion of their retirement savings to Bitcoin if their employers also agree to allow the cryptocurrency to be part of a 401(k) plan, officials say. To facilitate this change, Fidelity has launched the “workplace Digital Assets Account (DAA)” 401(k)… Read More >>