The securities industry will take a major step toward nearly round-the-clock trading in September when the company 24 Exchange launches the first stage of the 24X National Exchange on September 29, offering trading of U.S. equities from 4:00 a.m. to 8:00 p.m. ET on weekdays. The new 24X National Exchange will initially serve “the growing demand for overnight… Read More >>
Congress Mulls the Fate of the PCAOB
Securities firms, investors, government officials, and all other capital markets participants rely on the financials that auditors of public companies provide. Yet scandals large and small led to the creation of an auditor of the auditors in 2002, dubbed the Public Company Accounting Oversight Board (PCAOB), which was fostered by the U.S. Congress and then-President… Read More >>
Fundhost Outsources Key Services to SS&C
Fundhost Ltd., a boutique fund services provider to investment managers in Australia, will be outsourcing its unit registry and fund administration operations to SS&C Technologies, officials say. By turning to SS&C and its proprietary platform, FundHost will be streamlining its unit registry and fund administration operations. Fundhost provides “entity, trustee, fund administration, registry, compliance, operations… Read More >>
FTF Reveals Winners of the 14th Annual Awards Program
Financial Technologies Forum (FTF) has revealed the winners of the 2025 FTF News Technology Innovation Awards program, and cutting-edge and mainstream achievements are the common themes among the winners. The FTF Awards program — now in its 14th year — honors providers, organizations, and individuals who made significant contributions to the profession of securities operations… Read More >>
Ex-Goldman Sachs MD Sent to Prison via 1MDB Scandal
The wheels of justice in the U.S. appear to be a little rusty, but they still run, and every once in a while, they remind us of a major scandal or two. This is proving to be the case for Tim Leissner, a former chairman and participating managing director (MD) for Southeast Asia at Goldman… Read More >>
CFTC To Part Company with Two Commissioners
The Commodity Futures Trading Commission (CFTC), the regulator for the U.S. derivatives markets, may need to install a revolving door for all the exits and entrances it will be experiencing this month and beyond. CFTC Commissioner Summer K. Mersinger, a Republican, recently announced her departure from the CFTC, while Christy Goldsmith Romero, a Democrat, reiterated… Read More >>
Building Trust in A.I. Models is Crucial: SSGA’s COO
(In April, the U.S. Commodity Futures Trading Commission (CFTC) outlined its stance on artificial intelligence (A.I.) in financial operations. Speaking at the Global Alternative Investment Management Ops A.I. Summit, CFTC Commissioner Kristin N. Johnson noted that while A.I. is improving efficiency, it is also introducing new risks. She urged firms to strengthen oversight of A.I…. Read More >>
Clearwater Analytics Finalizes $560M Beacon Acquisition
Clearwater Analytics, a provider of investment accounting software-as-a-service (SaaS) solutions, has completed its $560 million acquisition of Beacon Platform Inc., a maker of enterprise risk analytics, in a move intended to strengthen the range of Clearwater’s offerings, officials say. In March, Clearwater officials announced that they intended to “acquire Beacon for an aggregate purchase price… Read More >>
DTCC Reports Record Volumes As Tariffs Roil Markets
Post-trade market infrastructure provider the Depository Trust and Clearing Corp. (DTCC) has quantified recent market volatility, spurred by tariff turmoil and other factors, with reports of record volumes via its platforms and services. DTCC officials report peak values and volumes across: The National Securities Clearing Corp. (NSCC): “On April 9, NSCC achieved a new peak… Read More >>
The CFTC Takes a U-Turn on Digital Assets
Earlier this month, amid a flurry of executive orders, policy shifts, and layoffs of federal workers, the Commodity Futures Trading Commission (CFTC) charted a new course for its policies toward digital asset regulation. It is a dramatic change that puts the regulator in a new alignment with the Trump administration, the U.S. Department of Justice,… Read More >>
