(Stephane Ritz, a managing principal at consultancy Capco, has more than two decades of experience in the administration and management of professional services for the banking, finance, and investment industries. His areas of expertise include financial accounting and taxation to business process re-engineering and IT technology implementation. Ritz specializes in leading large-scale, complex business transformations across… Read More >>
FTF Unveils Winners of the 2023 FTF Awards
With nods to established players and voter enthusiasm for other providers hitting their stride, Financial Technologies Forum (FTF) has unveiled the winners of the 2023 FTF News Technology Innovation Awards competition. The 30 winners of the FTF Awards competition — now in its 12th year — are being honored for achievements during 2022. “It’s not… Read More >>
Solve the SSI Issue Once & For All: Q&A
(Editor’s note: It looks as if industry veteran Bill Meenaghan, founder and CEO of SSImple, a fintech startup is on a mission to resolve the “age-old” problem of manually-based Standard Settlement Instruction (SSI) systems via distributed ledger technology (DLT). Meenaghan, who has more than 20 years of financial services experience, the relatively new company want… Read More >>
CFTC Approves 24th SEF & Other News
RTX Fintech & Research Launches a SEF Another swap execution facility (SEF) has gotten regulatory approval, raising the number of active SEFs to 24. The Commodity Futures Trading Commission last week issued an order of registration to RTX Fintech & Research LLC (RTX SEF) allowing RTX SEF to launch, according to the CFTC. The New York… Read More >>
Business Venture to Apply DLT to Post-Trade Ops
Capital markets consultancy Delta Capita has acquired a key distributed ledger technology (DLT) business from settlement technology provider SETL and will make it the core of a new venture, Delta Capita Distributed Ledger Services, that already has an anchor client, the Montis Group. As the first client for the new venture, the Montis Group, which… Read More >>
Northern Trust Lands Asset Servicing Client & Other News
Holland College Taps Northern Trust Holland College, a community college on Prince Edward Island, has tapped custodian Northern Trust to provide asset servicing solutions such as custody, investment risk and analytical services, and benefit payment services, officials says. “Innovation and technology were key priorities for our institution when we went to market for a… Read More >>
SWIFT Optimistic After Applying Blockchain to Corporate Actions
Six major financial services firms and the SWIFT financial messaging cooperative report that late last month they pilot-tested a blockchain-based solution that streamlines the communication of “significant corporate events to investors” by getting rid of multiple data problems. In an announcement and a report, SWIFT provided details about this latest collaborative experiment with six securities… 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 >>
Trading Technologies Buys AxeTrading & Other News
TT Boosts Fixed Income Outreach Trading Technologies International, Inc. (TT) reports that its multi-asset class expansion got a boost via its acquisition of London-based AxeTrading, a provider of fixed income trading solutions. The acquisition for an undisclosed amount is a move “into full coverage of corporate, government, municipal and emerging market bonds as well as… Read More >>
Firms Are Looking for T+1 Accelerators: Q&A
(Editor’s note: Last month, the SEC passed a set of amendments and new rules that make possible an industry-wide move from the current trading day plus two (T+2) settlement cycle to the shorter, one-day, T+1 time frame for U.S. equity markets. The SEC also endorsed a compliance date of May 28, 2024, for the start… Read More >>