DTCC officials have announced a milestone for its Alternative Investment Product Services (AIP), which has had a 20 percent increase in the number of funds to 10,000-plus unique funds. In addition, the number of AIP clients has risen to more than 2,200, an increase of 28 percent. These increases occurred over the past year. The… Read More >>
Disruptors to Empower the Buy Side: CRD CEO
John Plansky, the new CEO of vendor Charles River Development (CRD), says that a convergence of disruptors is driving industry change and is shifting power from the sell side to the buy side — one of the related subjects he will be focus on during his keynote address at the 25th Annual Securities Operations Summit… Read More >>
ISITC & SIFMA Push for Margin Call Process Improvements
ISITC’s Margin and Collateral Working Group and the Securities Industry and Financial Markets Association’s Asset Management Group (AMG) have combined forces to launch a collection of best practices to help firms grappling with increased margin calls across collateralized products. The new document, “ETD and Cleared OTC Margin Call and Communication Standards and Settlement Processing,” is… Read More >>
Bloomberg Launches Website and API for Instrument Identifiers
Bloomberg is targeting exchanges, data providers and custodians with an online utility and mapping tools that help to identify, map and request instruments that conform to the vendor’s global, open standard for identifying financial instruments, the Financial Instrument Global Identifier (FIGI) Bloomberg recently launched OpenFIGI.com and the OpenFIGI API (application programming interface) to further the… Read More >>
