EquiLend, a data and analytics provider for the securities finance industry, has launched a securities lending data service, dubbed Orbisa, and it has been made available via the Bloomberg App Portal, officials says. Operated by EquiLend, Orbisa “has a dataset comprising $32 trillion of global lendable equity and fixed income securities. Bloomberg Terminal users can… Read More >>
Clearstream Joins ECB’s DLT-for-Settlement Trials
Clearstream, the post-trade business unit of Deutsche Börse Group, has joined the distributed-ledger technology (DLT) trials and experiments of the European Central Bank (ECB), which is exploring DLT’s potential for wholesale central bank money settlement, given the emergence of a digital Euro. “The ECB trials will be conducted in a productive environment, using real central… Read More >>
France Active Scraps Spreadsheets & Manual Ops via Clearwater
French venture capital firm France Active has moved away from spreadsheets and manual processes and will automate its investment accounting operations as well as centralize its accounting book of record via a Clearwater Analytics platform. Based in Montreuil, France, France Active, founded in 1988, is a nonprofit that invests in “socially committed” French companies such… Read More >>
Beeks & STT Team Up for Clearing & Settlement Service
Financial cloud solutions provider Beeks Financial Cloud Group is partnering with trading and clearing provider Securities & Trading Technology (STT) to offer a managed service that incorporates clearing, settlement, trade execution, risk management, and surveillance, officials say. The timing was the driving factor for the collaboration between STT and Berks Group as they want to… Read More >>
SEC’s Recordkeeping Crackdown Is Just the Start
(Editor’s note: As many firms have found out, the Securities and Exchange Commission (SEC) was serious when it announced a crackdown on the recordkeeping culture of the U.S. securities industry. Nearly 30 of the industry’s top financial services firms have been accused of violating recordkeeping rules. In fact, during the SEC’s 2023 fiscal year, 25… Read More >>
iCapital Buys Mirador to Better Serve Alts Space
iCapital, a platform provider for alternative investment markets, is hoping to expand its data management and reporting capabilities for the wealth management, family office, endowment, and foundation segment markets via its recently announced acquisition of Mirador, officials say. Mirador offers investment data aggregation, financial reporting services, middle office support, and IT solutions and products to… Read More >>
Swift Explores CBDC Links to FX, Tokens & Liquidity
The global Swift financial messaging cooperative has completed a collaborative “sandbox experiment” testing the interoperability of an interlinking solution for central bank digital currencies (CBDCs) intended to “simplify and speed up trade flows, unlock growth in tokenized securities markets, and enable efficient FX settlement,” officials say. CBDCs are the digital currencies likely to be issued… Read More >>
Corporate Actions Pilot Takes Aim at Manual Processes
(Editor’s Note: In early March, DTCC officials conducted a two-phased pilot program to bring more automation to corporate actions (CA) processing. The effort addresses decades-long asset services challenges around the sourcing of corporate actions announcements via streamlining interactions across the agent and issuer community through standards and automation. The ultimate goal is to eliminate manual… Read More >>
FundGuard Raises $100M to Ramp Up Platform & Staff
FundGuard, an investment accounting platform provider founded in 2018, has just raised $100 million via Series C funding — generally for late-stage startups — because the company is the first of its kind in 25 years to advance securities operations, company officials say. FundGard will be using the cash infusion to hasten the development of… Read More >>
Clearstream Taps Intix to Bolster Data Management
Deutsche Börse Group’s post-trade services company Clearstream is working with data solutions provider Intix in an effort to meet regulatory and customer demands for better access and management of financial messaging data, officials say. Intix is a transaction data management platform that helps financial services firms “monitor, comply, manage risk, and detect fraud in every… Read More >>
