(The total cost of collateral is often underestimated because it extends beyond the direct cost of the assets themselves, explains Wassel Dammak, head of product strategy, collateral management at Vermeg, in a wide-ranging FTF News Q&A. The total cost of collateral encompasses three key components within any financial institution: technology, people, and processes, he adds…. Read More >>
DNA Brokerage Launches Broker-Dealer Affiliate
Independent introducing broker DNA Brokerage LLC has launched an affiliate broker-dealer, DNA Securities, which will allow the combined companies to offer futures services and securities trading solutions to institutional customers, officials say. “DNA launched its futures brokerage services in August 2024. Driven by customer demand, DNA has expanded its services to include the introduction of… Read More >>
A.I. Is a Force Multiplier for Ops Teams: SS&C
(Applying artificial intelligence (A.I.) to securities operations is “definitely a force multiplier,” says Rob Stone, senior vice president and general manager of intelligent automation and analytics at SS&C Technologies, in this FTF News Q&A. For the past two years, Stone has been getting to know all that SS&C Blue Prism can do for A.I.-powered automation,… Read More >>
SEC Chair Declares New Era of Reasonable Deadlines
“The days of unreasonable deadlines have passed,” declared SEC Chairman Paul S. Atkins late last month. The head of the SEC was referring to the commission’s vote to extend the compliance date to June 30, 2026, for the amendments to the broker-dealer “Customer Protection Rule (a.k.a. Rule 15c3-3).” “This extension will provide more time for… Read More >>
Partior Links to OSTTRA’s FX PvP Settlement Service
Partior, a provider of DLT-based wholesale settlement for tokenized instruments, has a new link to the on-demand FX payment-versus-payment (PvP) settlement service from OSTTRA and Baton Systems, officials say. The new integration between Baton’s and Partior’s DLT-based systems “expands participants’ options for settling FX transactions with PvP protection to include using tokenized commercial bank facilities…. Read More >>
Sifma & Arteria AI Take On U.S. Treasury Clearing
It’s fascinating when solutions based on artificial intelligence (A.I.) can transform a manual process into something that is not only automated but completely redesigned. As many of you know, the Securities and Exchange Commission (SEC) is requiring the centralized clearing of U.S. Treasury securities repurchase transactions, with the first compliance deadline being Dec. 31, 2026,… Read More >>
Calero Automates the Management of LSEG Entitlements
Automation has come to the management of the London Stock Exchange Group’s Refinitiv Data Platform (Hosted) via a new application programming interface (API) link and eBonding capabilities from Calero, a solutions provider for managing the cost and compliance of market data, officials say. The Calero support is intended to help heads of market data and… Read More >>
Outdated IT Spurs Staff & Customer Frustrations
(Financial services firms need to keep their IT infrastructure current or risk pushback from staff and clients, says Kristin Ferguson, CFE, CAMS, CFI, senior director, enterprise investigations, TIAA- Nuveen, in an FTF News Q&A. At TIAA-Nuveen, Ferguson’s responsibilities include conducting and overseeing targeted, highly sensitive investigations, including but not limited to: embezzlement, bribery/kickbacks, vendor fraud,… Read More >>
24X National Exchange Will Pioneer Longer Trading Hours
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 >>
