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 >>
Broadridge Launches Shareholder Reports Template & Other News
Broadridge Solution Eases SEC Compliance Broadridge Financial Solutions reports that it has developed a “technology-enabled template and end-to-end process solution for fund companies and fund administrators” that “simplifies the steps involved in creating and providing the SEC’s new Tailored Shareholder Reports.” The digital template “is good for fund investors and compliant with the rules,” says… Read More >>
NYDFS Bolsters Crypto Fraud Monitoring Tools & Other News
NYDFS Redoubles Crypto Fraud Detection Efforts The New York State Department of Financial Services (NYDFS) has improved its cryptocurrency fraud detection of New York State-regulated entities via “new insider trading and market manipulation risk monitoring tools,” according to Adrienne A. Harris, superintendent for the NY DFS. The new monitoring tools will help NY DFS detect… Read More >>
FTF & the VX Launch the FTF Research Institute!
FTF officially launched the FTF News service on Valentine’s Day 2011, and I’m happy to say that 12 years later, we are still going strong. Perhaps for the sake of inviting good luck, on Valentine’s Day 2023, FTF and the ValueExchange (the VX) officially launched the FTF Research Institute, formed through a new partnership with… Read More >>
SEC Approves Amendments to Allow T+1 Settlement
The SEC’s commissioners voted 3 to 2 on Wednesday to pass a set of amendments and new rules that would facilitate 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 vote also endorsed a compliance date of May 28,… Read More >>
Coinbase Europe Fined $3.6M by Dutch Central Bank
It’s been a tough year for Coinbase and we haven’t even reached Valentine’s Day yet. If you’re so inclined, you can trace the troubles of the present-day cryptography movement back to Japan in 2010 and the rise of Mount Gox, the original bitcoin power. It was a quick rise and a fast fall: by 2014,… Read More >>
Nominations Are Open for the 2023 FTF Awards!
We are thrilled to launch the nomination process for the 2023 FTF News Technology Innovation Awards — an industry-wide competition now in its 13th year — presented by Financial Technologies Forum (FTF) and the FTF News service. In addition to our classic securities operations and related categories, we have four new categories that reflect industry… Read More >>
