Post-trade infrastructure provider the Depository Trust & Clearing Corp. has launched two experiments — dubbed Project Ion and Project Whitney — that are collaborative industry efforts to investigate how distributed ledger technology (DLT) might strengthen post-trade processes such as the elimination of manual processes in the private markets, and new securities settlement via public markets,… Read More >>
Northern Trust’s Client Portal Gets a Cloud Makeover
Online Report Center Will Become a Cloud Service Northern Trust is relaunching a client-facing portal, the Online Report Center, as a cloud-based service with a redesigned user interface, officials say. The revamped service “is currently in its beta phase with a select group of clients. The full release for all clients will be available later… Read More >>
SimCorp Targets Buy Side’s Need for Holistic Data Management
SimCorp, an investment management solutions and services vendor, has launched a managed data service, dubbed Datacare, that targets buy-side firms searching for an updated, holistic approach to overseeing multiple-asset, front-to-back office market and reference data, officials say. The new offering was developed in collaboration with buy-side institutions such as Zurich Insurance Group, which has an… Read More >>
More Asset Managers Mulling Outsourcing Trading: Survey
A telling number of asset managers and asset owners are considering using a third-party provider to place and work orders in financial markets via brokers and trading venues, according to a survey on outsourcing conducted by custodian BNP Paribas Securities Services and consultancy Sionic. The survey of 30 investment managers, conducted in February and March… Read More >>
How TCA Can Help the Buy Side Too
(The MiFID II reforms across multiple asset classes have caused asset managers across the globe to become more aware of the exacting demands of best execution requirements and thus more aware of the importance of applying transaction cost analysis (TCA) to a trading enterprise. So says Chris Hollands, the head of North American and European… Read More >>
AcadiaSoft Offers AANA Calculation Guide
AcadiaSoft, a collateral management software and services vendor, recently compiled an online guide to help buy-side firms calculate their Average Aggregate Notional Amount (AANA), the first major step in deciding if a firm needs to comply with the looming margining requirements governing non-centrally cleared derivatives. AANA calculations are key to determining whether a firm must… Read More >>
Buy Side Faces Costly Ops Changes: SimCorp CEO
(Klaus Holse, CEO for SimCorp, is reaching out to the buy side via an open letter about front-to-back integration issues for investment management technology. His online letter notes that integration issues are caused in part by the “rapid rise of alternatives, which presents new costs and challenges.” This is helping buy-side firms rethink multi-asset, end-to-end… Read More >>
Buy Side Grapples with Electronic FX Execution: Q&A
(BidFX, a provider of an execution management system (EMS) for global foreign exchange (FX) markets, recently made news when the Singapore Exchange (SGX), Asia’s largest FX marketplace, acquired a 20 percent stake in the TradingScreen company. The stake includes an option for additional shares to gain a controlling interest, for a total cash consideration of… Read More >>
ISDA Publishes CDM Blueprint for the Industry
ISDA Wants CDM to Restructure the Market The International Swaps and Derivatives Association (ISDA) has published the “full version of the ISDA Common Domain Model (CDM) for interest rate and credit derivatives,” which ISDA officials hope will serve as “a common blueprint” for restructuring the foundations of the market. To facilitate that restructuring, ISDA will… Read More >>
How to Cope With UMR Compliance: Q&A
(Editor’s Note: Much has been made about buy-side firms and if and when they will have to comply with Uncleared Margin Rules (UMR) and key requirements of the European Union and the U.S. The industry has started to focus on the operational processes they will need in order to comply with the Basel Committee on… Read More >>
