(Corporate actions processing has many moving parts activated by market-related moves by public companies that can potentially impact securities, investors’ decisions, and stakeholders. The key steps of the corporate actions process include capture, validation, entitlement calculation, and asset or cash distribution, which has historically been a maze of automated and manual steps. However, the onset… Read More >>
FIX Group Wants Standards for Tokenized Assets
Tokenized assets need better standardization, say officials at the FIX Trading Community — an industry association that manages the FIX protocol for electronic trading — and they are doing something about it in response to a call for input from the Financial Conduct Authority (FCA), a U.K. regulator, and the Bank of England. “The business… Read More >>
FINOS Takes Aim at A.I.-Based Cyber Threats
(In this FTF News Q&A, Gabriele Columbro, executive director of FINOS, discusses the Open Source Enterprise Resiliency Alliance (OSERA) effort to fend off new cyber threats coming from recent frontier models. OSERA launched with help from Moderne and key institutional members of FINOS. Columbro also explains the inspiration for the FINOS A.I. Fund and ultimately… Read More >>
SEC’s Proposed Crypto Rules Include Hot-Button Exemptions
In a bid to create “clear and fit for purpose rules,” the Securities and Exchange Commission (SEC) is proposing a framework, titled “Regulation Crypto Assets,” that will harbor some exemptions from federal securities laws for key investment contracts involving crypto assets. The proposal follows the SEC’s March 2026 interpretation “clarifying how the federal securities laws… Read More >>
Pre-Settlement Plumbing Must Be Ready for T+1: ESMA
The European Union’s broader shift to a T+1 settlement cycle is officially slated for October 11, 2027. However, for middle- and back-office operations teams, the real deadline arrives nearly a year earlier. The European Securities and Markets Authority (ESMA) has drawn a line in the sand, mandating that market participants must finalize their allocations and… Read More >>
SEC Explores Direct Control of the CAT System
The Consolidated Audit Trail (CAT) may have a new life under the direct management of the Securities and Exchange Commission (SEC). SEC Chairman Paul S. Atkins reveals in his Aug. 10 letter to Robert Walley, chair of the CAT NMS Plan Operating Committee, that many in the securities industry want the SEC to directly control… Read More >>
Rogue A.I. Models Can Attack
By now, you probably have heard about the rogue artificial intelligence incident where “cyber-capable” OpenAI models acted on their own and created havoc with Hugging Face, a company that describes itself as “The Home of Machine Learning.” OpenAI created ChatGPT. The AI-based hack has sent shock waves across multiple industries, C-suites, and boardrooms, including, I… Read More >>
Why Tokenization Makes ISO 20022 Migration Unavoidable
(Tokenization has a little problem with decimalization that could become a big argument for fully embracing ISO 20022. So says Paul Fullam, the 2026-27 Chair of ISITC, a global industry trade group. Fullam is also a senior business consultant at FIS Global, and a securities operations veteran. “The problem is how far out past the… Read More >>
Allspring Adds Distribution Data Support to SS&C Engagement
Independent asset management firm Allspring Global Investments has added to its long-term agreement with SS&C Technologies by choosing SS&C SalesConnect as its primary sales data management solution for all intermediary distributed products in the U.S., officials say. Allspring has $642 billion in assets under advisement. Allspring is an existing customer of SS&C’s suite of services… Read More >>
Banks in the Nation of Georgia Embrace Nasdaq Calypso
The National Bank of Georgia — the European nation, not the Southern state — intends to modernize its treasury and financial markets infrastructure with the help of provider Nasdaq Calypso Technology, whose platform will serve as a common infrastructure for the front-to-back trade lifecycle, officials say. “Five of the country’s largest commercial banks — Bank… Read More >>
