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 >>
KYC & Compliance Reap Rewards from Agentic A.I.: Survey
A growing number of global financial institutions are using agentic artificial intelligence (A.I.) to evolve the efficiency of their compliance operations and to automate key tasks such as know your customer (KYC) efforts, according to a new study from Fenergo, a provider of digital solutions for KYC and anti-money laundering (AML) compliance. Hopes are running… Read More >>
Why Regulatory Fragmentation Must End
Fragmented global financial regulation is still a problem that “puts competition, economic growth and financial system resilience at risk,” according to a joint paper, “The Costs of Fragmentation and Possible Solutions,” released earlier this month by the Bank Policy Institute, the Global Financial Markets Association (GFMA), and the Institute of International Finance. Regulatory fragmentation is… Read More >>
Equity Data Science Unveils ‘Fusion’ Initiative
Equity Data Science (EDS), a provider of investment process management (IPM) technology to hedge funds and asset managers, has launched a new generative artificial intelligence (A.I.) initiative called Fusion. Generative A.I. — designed to produce new content rather than simply analyze or categorize existing data — is being adopted across industries, including financial services. EDS… Read More >>
