Late last month, securities firms, market infrastructure providers, and key third-party organizations participated in the 2025 SIFMA Industry Business Continuity Test, which scrutinized the capabilities of firms, markets, and utilities to operate during and after a crisis, according to the Securities Industry and Financial Markets Association (SIFMA). The testing on Saturday, Oct. 25, was industry-wide,… Read More >>
Tokenization Stalled by Regulatory Uncertainty: Broadridge Survey
Asset and wealth managers are dragging their feet when it comes to the adoption of tokenized assets, according to a new poll from securities operations services and systems giant Broadridge Financial Solutions, with 70 percent of all financial institutions surveyed citing “regulatory uncertainty” as a cause for their hesitancy. Yet, according to Broadridge’s 2025 Tokenization… Read More >>
IBM & Dfns Build Digital Assets Custody Platform
Big Blue has launched IBM Digital Asset Haven, a digital asset platform for financial institutions, governments, and corporations that need to “manage and scale their digital asset operations,” officials say. The new platform, developed in collaboration with Dfns, a digital wallet infrastructure provider that says its offering can help integrate “the full-stack infrastructure and security… Read More >>
Canada’s ATB Financial Taps Murex for Compliance
ATB Financial officials report that they have “successfully met Canada’s updated derivatives reporting rules, known as the 2025 Canada Rewrite, through the MXSaaS solution” from Murex. The MXSaaS offering facilitates the integration of the MX.3 platform into the cloud, where dedicated Murex experts fully manage it, according to officials. The platform is intended to help… Read More >>
Charles Schwab Integrates Pave’s Platform for RIAs
Charles Schwab, a custodian for registered investment advisors (RIAs) and a major retail brokerage firm, is offering integrated access to the wealth management platform from Pave Finance, Inc., according to officials. The move helps RIAs “to link their Schwab client accounts directly to Pave for automated portfolio construction, management, and trading, all without moving a… Read More >>
BMLL’s Growth Gets a Boost via Nordic Capital Acquisition
Private equity firm Nordic Capital has acquired BMLL, an independent provider of historical order book data and analytics, as part of an effort to accelerate BMLL’s growth, officials say. “The investment will be made in close partnership with the management team of BMLL and minority shareholder Optiver, marking a joint commitment to accelerate the company’s… Read More >>
Eleven Banks Take Stake in LSEG’s Post-Trade Division
Eleven global banks have agreed to take a 20 percent stake in the Post Trade Solutions business of the London Stock Exchange Group — a division valued at £850 million ($1.134 billion) — and in return will influence the strategies and future of the LSEG’s post-trade offerings, for over-the-counter (OTC) derivatives, officials say. The designated… Read More >>
T. Rowe Price Revamps Ops via CWAN Platform
T. Rowe Price Associates has successfully implemented a platform from Clearwater Analytics (CWAN) that will support the asset manager’s Stable Value Operations, and provide “advanced capabilities,” officials say. “Many asset managers in this market still rely on manual processes and legacy systems, creating fundamental industry challenges. T. Rowe Price’s deployment has helped improve productivity while… Read More >>
Bill Stone Says A.I. Must Prove Its Value
One of the keys to understanding the full impact of a disruptive technology is to use history as a guide. A case in point is the phenomenon of A.I.-based technologies that promise to overhaul or at least enhance the systems that run the front-, middle-, and back-offices of financial services firms operating in global capital… Read More >>
FSB Warns Against Gaps in Digital Assets Regulation
The Financial Stability Board (FSB) is pushing jurisdictions to make their regulation of cryptocurrencies and other digital assets more consistent with the FSB’s framework and to follow new recommendations aimed at facilitating a cohesive oversight of the global crypto-asset market and preventing regulatory arbitrage. A new peer review progress report from the FSB cites “significant… Read More >>
