Venture capital firm Point72 Ventures, backed by hedge fund manager Steven A. Cohen, has transferred financial technology assets to a $280 million continuation vehicle (CV) to be managed by an affiliate of fintech investment platform Portage, which will serve as the CV’s general partner, according to officials. Officials decline to identify the fintech assets that will be included… Read More >>
Droit Adds GenAI Capability to Adept Platform
A technology platform – Adept from Droit — that reviews laws, rules, and policies to provide securities firms with compliance decisions that underpin their pre- and post-trade actions now has a generative artificial intelligence (A.I.) capability — dubbed the Decision Decoder — providing “context-aware explanations” for compliance decisions, officials say. The Adept platform evaluates the… Read More >>
Gresham Acquires S&P Global’s EDM Business
Gresham, an enterprise data automation solutions provider, has acquired S&P Global’s Enterprise Data Management (EDM) business, and this “strategic carve-out” is intended to expand Gresham’s presence among enterprise data services providers and, overall, bolster its offerings to buy-side participants, officials say. Gresham’s main efforts in offering capital markets data automation have been based upon reconciliation… Read More >>
Rimes to Work with PANTA, BMLL & Ortec Finance
Rimes, a provider of enterprise data management (EDM) and investment intelligence solutions, has formed partnerships with PANTA, BMLL, and Ortec Finance to expand the range of analytics, data, and operational capabilities it can offer to Rimes clients, officials say. Initially, the partnerships should yield faster onboarding, more integrated workflows, and improved data-driven decisions across the… Read More >>
CDM Is a Good Fit for DLT: Q&A
(Securities operations rely on software, software-based systems, and a web of application links that offer essential integrations. What can help Ops teams in these situations are models that ease the implementation challenges. One such aid is the Common Domain Model (CDM), a financial product and event model that includes code generators, producing software libraries in… Read More >>
BCP Buys Digital Asset Trading Unit from Numeus
A group of Bitcoin investors, Blockstream Capital Partners (BCP), has acquired a digital asset trading and investment business from investment firm Numeus Group, officials say. The move is intended to expand BCP’s bitcoin trading and yield generation capabilities. Founded in 2021, Numeus Group is a digital asset investment firm and has been led by a… Read More >>
SMBC Americas Rolls Out Fenergo’s CLM Solution
SMBC Americas, part of the Tokyo-based SMBC Group, has rolled out an onboarding and lifecycle management solution from client management provider Fenergo in an effort to improve client and investor experiences in North America, officials say. The rollout “will deliver global connectivity and a range of benefits to SMBC clients and their investors, including faster,… Read More >>
40% of U.K & E.U. Firms Could Fail T+0 Step
Around 40 percent of securities firms in the European Union (E.U.) and the U.K. are expected to miss the 2026 deadlines tied to T+0 allocations and confirmations, a development described as a “red flag item” by the industry standards body ISITC. The findings form part of research conducted by market research firm ValueExchange, which reported… Read More >>
FICC & BNY Collaborate on Clearing Repos
The Fixed Income Clearing Corp. (FICC) has launched its Collateral-in-Lieu (CIL) service via the Sponsored General Collateral (GC) offering of BNY’s Global Collateral Platform, which introduces a way to clear repo transactions that is margin and capital-efficient, officials say. BNY Securities Finance and Federated Hermes, Inc. have executed the first repo trade on the new… Read More >>
Investment Group Buys Clearwater Analytics for $8.4 Billion
A group of private equity and investment firms announced late last year that it is acquiring Clearwater Analytics (CWAN) via an $8.4 billion transaction that will take the company private and pay out $24.55 per share in cash to CWAN stockholders upon completion of the proposed transaction, officials say. The investment group is led by… Read More >>
