Sumitomo Mitsui Trust Asset Management has become a client of the Institutional Trade Processing (ITP) suite of services from the DTCC to fully automate its post-trade processing and for same day affirmation (SDA) for cross-border transactions within Asia-Pacific, officials say. This move is in line with the industry push to accelerate trade processing as North… Read More >>
Linedata, Electra Take On the Portfolio Recs Puzzle
Investment management systems vendor Linedata and post-trade provider Electra Information Systems have joined forces to provide data extraction and integration between the Electra Reconciliation platform and Linedata’s Global Hedge Portfolio Manager software in an effort to automate the identification of exceptions. In general, asset managers have had to develop data extracts to conduct reconciliations and… Read More >>
Virtu Financial to Provide Liquidity for GMEX
Global Markets Exchange Group (GMEX) reports that Virtu Financial, an electronic market maker, will become a liquidity provider for its GMEX Exchange. Virtu will participate in the exchange, to be operated by GMEX, and will “offer liquidity” in GMEX’s interest rate swap constant maturity future (CMF) contracts, according to a GMEX statement. “Orders will be… Read More >>
