Danske Bank will be supporting multi-asset trading, pricing, and position management via the Tbricks managed solutions for the front office from Broadridge Financial Solutions, officials say. Tbricks will facilitate multi-asset transactions and market-making via a modular, customizable, and scalable managed transaction platform. The system offers a user interface and built-in functions that can integrate with… Read More >>
Crypto FIGIs Debut in Time for Bitcoin ETFs
Bloomberg and Kaiko, a cryptocurrency data company, report that they have issued Financial Instrument Global Identifiers (FIGIs) for nearly 8,000 crypto assets and that FIGIs have been assigned to the cryptocurrency-related exchange-traded products (ETPs) and exchange-traded funds (ETFs) hitting the financial markets now. Bloomberg and Kaiko began their collaboration with the first series of FIGIs… Read More >>
Broadridge Applies A.I. to the Post-Trade Lifecycle
Broadridge Financial Solutions is launching what it is calling “a holistic natural language interface” that will reach across the post-trade lifecycle to help operations staff members, analysts, and management teams interrogate and revamp operations via the capabilities of artificial intelligence (A.I.). This new capability has been branded OpsGPT and is based on Generative A.I. (GenA.I.)… Read More >>
Private Equity Firm Acquires EquiLend
Private equity firm Welsh, Carson, Anderson & Stowe (WCAS) has acquired a majority stake in EquiLend, a technology, data, and analytics provider for the securities finance industry, officials say. WCAS is “impressed with EquiLend’s highly differentiated suite of technology solutions and its sustained trusted client relationships,” says Ryan Harper, a general partner at the private… Read More >>
Nominations Are Open for the 2024 FTF Awards!
Financial Technologies Forum (FTF) has launched the nomination process for the 2024 FTF News Technology Innovation Awards competition, which recognizes the operational excellence of professionals, financial technology vendors, service providers, and industry bodies that had significant achievements in the 2023 calendar year. The winners of the FTF Awards competition are chosen by their peers in… Read More >>
Davy Capital Markets Deploys Torstone Platform
Dublin-based brokerage Davy Capital Markets has gone live with the Torstone Post Trade Platform for middle- and back-office processing to bolster the Davy Group division’s operational efficiency and regulatory compliance, officials say. The Software as a Service (SaaS) platform is from Torstone Technology, a post-trade securities and derivatives processing provider, based in London. “This successful… Read More >>
MSCI Buys Fabric to Build Wealth Management Platform
MSCI will be building a new wealth management platform by integrating its portfolio toolkit with the portfolio design, customization, and analytics offerings of Fabric — which serves wealth managers and advisors — as the result of their recently completed merger, officials say. Known for its investment decision support tools and services, MSCI announced the acquisition… Read More >>
FinTech Brief: BNY Mellon Taps Proxymity for U.K. Proxy Voting
BNY Mellon clients in the U.K. can use the digital proxy voting service, Proxymity Vote Connect Total (VCT), in time for the 2024 voting season, officials say. The joint effort with Proxymity is intended to “improve transparency, accuracy, and speed for our clients,” says Adam Watson, head of commercial product, custody services at BNY Mellon,… Read More >>
Prometheum Dives Into Digital Asset Securities Custody
(Prometheum Inc. will launch a digital asset securities custody platform during the first quarter of next year, according to officials at the firm. This follows recent approval by the Financial Industry Regulatory Authority (FINRA), the self-regulatory organization (SRO) for U.S. broker-dealers, to allow the firm to operate a special purpose broker-dealer (SPBD) that will offer custody for… Read More >>
FinTech Brief: JPMorgan & Baton Take on Tri-Party Collateral
Baton Systems is working with the Collateral Services team at JPMorgan to help the investment bank’s tri-party clients automate and optimize their collateral management to meet the margin call demands of 13 central counterparty clearinghouses (CCPs) across the globe, officials say. For this collaboration, the Core-Collateral solution from Baton will be integrated into the CCP… Read More >>
