Asset managers are not optimizing corporate action decisions “on a massive scale” and causing losses to beneficial holders in excess of $1 billion annually, which is likely to spur regulatory and litigation risks, according to a new white paper published by international law firm Greenberg Traurig and commissioned by Scorpeo, a company specializing in capturing… Read More >>
Mirae Asset Securities Using FIS for Next Move
Mirae Asset Securities (USA), the wholly owned U.S. subsidiary of Mirae Asset Financial Group, is entering the hedge fund investment allocation space and will be using the Securities360 solution from FIS as it attains self-clearing status. Previously, the firm introduced accounts through a correspondent clearing firm for about two decades and had no need for… Read More >>
