The phenomenon of “synthetic data” — which is data that once artificially generated replicates the statistical properties of real data — is a potential new tool on the horizon for investment management operations because it can be used to improve model training, portfolio optimization, stress testing, and risk analysis, according to James Tait, an affiliate… Read More >>
SS&C Unifies Its Wealth Management Solutions: Q&A
(Earlier this month, SS&C Technologies launched SS&C Black Diamond Wealth Solutions, a suite that unifies SS&C’s Black Diamond Wealth Platform with SS&C’s full suite of wealth management solutions. The combination is a way to help wealth managers better manage technology and operations in a single location, according to SS&C. The SS&C Black Diamond Wealth Solutions… Read More >>
SEC Tackles Big Questions About U.S. Treasury Clearing
For nearly everything that broker-dealers and other market participants want to know about the clearing of U.S. Treasury securities, officials at the Division of Trading and Markets of the Securities and Exchange Commission (SEC) have compiled a set of Frequently Asked Questions (FAQs). The level of interest in the clearing of U.S. Treasuries is peaking… Read More >>
Key ICE Data Feeds Coming to Chainlink Service
The Intercontinental Exchange (ICE), owner of the New York Stock Exchange (NYSE), is collaborating with blockchain solutions provider Chainlink to incorporate foreign exchange (FX) and precious metals rates from the ICE Consolidated Feed into the Chainlink Data Streams data set, according to officials. The ICE Consolidated Feed offers “content from over 300 global exchanges and… Read More >>
Canadian Regulator Probing Cybersecurity Threat
The Canadian Investment Regulatory Organization (CIRO) identified a cybersecurity threat on August 11, and as a precaution, “proactively shut down some of its systems to ensure their safety and immediately started an investigation. Throughout this time, critical functions remained available,” CIRO officials say. “CIRO’s real-time equity market surveillance operations continue as normal, with no active… Read More >>
‘Suboptimal Ops’ Will Fail via T+1 in U.K. & E.U.
(John Bevil, a senior product manager at data automation platform provider Xceptor, recently took questions from FTF News about a key European Securities and Markets Authority (ESMA) report on the E.U.’s transition to T+1 settlement and some of the lessons learned from the U.S. adoption. Bevil says that he has watched the financial services industry’s… Read More >>
Broadridge Adds BMLL’s Analytics to OMS & EMS Offerings
A provider of systems and services for securities operations, Broadridge Financial Solutions is partnering with BMLL Technologies, a provider of Level 3 historical market data and analytics, to offer pre-trade analytics capabilities for Broadridge’s global sell-side order management system (OMS) and Xilix execution management system (EMS) for buy-side firms in Japan, officials say. “Working with… Read More >>
Wesleyan Assurance Society Taps SS&C Again
Wesleyan Assurance Society, a financial services mutual based in Birmingham, West Midlands, U.K., has selected SS&C Technologies to deliver life and pensions administration services to its members and customers via a long-term agreement, officials say “This announcement builds on Wesleyan’s selection of SS&C earlier this year,” according to SS&C officials. “Following a competitive tender process,… Read More >>
Thoma Bravo Joins 7RIDGE in Overseeing Trading Technologies
The next chapter for Trading Technologies International, Inc. (TT) will be led by private equity firm Thoma Bravo and TT’s current owner 7RIDGE in an arrangement that will focus on growth for the provider of end-to-end trading operations for banks, brokerages, money managers, hedge funds, proprietary traders, commodity trading advisors (CTAs), commercial hedgers, and risk… Read More >>
Layoffs Not Ruled Out as StoneX Integrates RJO
StoneX Group Inc. has completed its acquisition of R.J. O’Brien (RJO), regarded as the oldest independent futures brokerage in the United States, and is positioning the combined company as the largest non-bank futures commission merchant (FCM) in the U.S. In the meantime, Philip Smith, CEO of StoneX, has not ruled out layoffs as a result… Read More >>
