Like it or not, North American firms are getting new plumbing for settlement. Settlement within the shorter time frame of the trading day plus another day, or T+1, is becoming a reality for North American firms, starting with those firms in Canada and Mexico, and with a nod to South America, Argentina, on Monday, May 27,… Read More >>
NYSE Council to Explore A.I. & Other Technologies
The New York Stock Exchange has launched the NYSE Tech Council, a group of senior technology leaders that will explore best practices for artificial intelligence, cybersecurity, and other cutting-edge technologies. “The council will be comprised of chief technology officers, chief information officers and other C-suite technology leaders from NYSE-listed companies,” according to the announcement. “With… Read More >>
BondWave & DbCom Integrate Analytics & Compliance
BondWave, a fixed income solutions provider, and DbCom Inc., a financial technology company, have integrated BondWave’s pre-trade and post-trade transaction analytics with DbCom’s business and compliance platform, EQube, officials say. The new integration will be delivered via BondWave’s Effi application programming interface (API) to offer trade surveillance in support of “best execution, fair pricing, and… Read More >>
GoldenSource to Sell Its Wares via AWS Marketplace
GoldenSource is making its data management offerings available on the AWS Marketplace — a website for third-party software, data, and services that run in an Amazon Web Services environment. The move will help the enterprise data management (EDM) solutions provider sell its wares to a wider market and collaborate with the AWS go-to-market team, GoldenSource… Read More >>
The Ops-A.I. Revolution Has Begun: SS&C’s Bill Stone
From Bill Stone’s perspective as chairman and CEO of SS&C Technologies, the fairly recent advances that SS&C has made into the Abu Dhabi market and with artificial intelligence (A.I.) are examples of the same thing — the company is breaking new ground literally and figuratively in the highly competitive world of post-trade systems, software, services,… Read More >>
Can A.I. Advance Automation in Commodities Trading?
Can technologies based upon artificial intelligence (A.I.) help squeeze out the manual processes that can clog the plumbing of commodity trading and risk management (CTRM) solutions? Quor Group, a provider of CTRM solutions, and ClearDox LLC, a commodities solutions provider that leverages A.I., think it can be done and have begun a collaboration. They are… Read More >>
Clearstream Joins ECB’s DLT-for-Settlement Trials
Clearstream, the post-trade business unit of Deutsche Börse Group, has joined the distributed-ledger technology (DLT) trials and experiments of the European Central Bank (ECB), which is exploring DLT’s potential for wholesale central bank money settlement, given the emergence of a digital Euro. “The ECB trials will be conducted in a productive environment, using real central… Read More >>
Perennial Partners Taps SS&C for Transfer Agency Services
Perennial Partners will be deploying a transfer agency and investor servicing system, the Global Investor and Distribution Solutions (GIDS) from SS&C Technologies, to streamline unit registry/call center services across its financial product lines, according to the Australian asset manager. “SS&C’s Managed Fund Administration unit will provide a full range of services to Perennial’s investors across… Read More >>
Corporate Actions Pilot Takes Aim at Manual Processes
(Editor’s Note: In early March, DTCC officials conducted a two-phased pilot program to bring more automation to corporate actions (CA) processing. The effort addresses decades-long asset services challenges around the sourcing of corporate actions announcements via streamlining interactions across the agent and issuer community through standards and automation. The ultimate goal is to eliminate manual… Read More >>
Shrinking Bonuses Pale in Comparison to the A.I. Threat
Many Wall Street participants, including middle- and back-office teams, are getting ready to celebrate a variety of spring holidays with the added bonus of a real bonus for their efforts last year. However, some may find that their bonuses have shrunk compared to last year. What may be more disturbing, though, is that a prominent… Read More >>
