Broadridge Financial Solutions, a securities operations systems and services provider, plans to acquire CQG, a well-established provider of futures and options trading, execution management, and market connectivity, and create a more effective single, front-to-back-office, multi-class trading platform that leverages offerings from both companies, officials say. The combined offering to come will be “designed to better… Read More >>
Screenwriter Offers Insights for Surviving Wall Street
(Movies about Wall Street have become a popular genre full of thrillers and morality tales. One of the latest movies about the highs and lows of investment banking is “Bull Run,” a 2024 film based on the bestselling memoir “Discussion Materials: Tales of a Rookie Wall Street Investment Banker,” written by Bill Keenan, who once… Read More >>
Quoniam’s ETF Launch Bolstered via BBH-SimCorp Setup
Quoniam Asset Management, a systematic manager based in Frankfurt, Germany, has been implementing an integrated technology, data, and services solution via a collaboration between Brown Brothers Harriman Investor Services and SimCorp that is helping the firm with its build-out for an exchange-traded fund (ETF) launch. The solution is based on existing offerings — fund servicing… Read More >>
Hamilton Lane to Collaborate with Clearstream
Private markets investment firm Hamilton Lane is working with Clearstream, a post-trade services provider of Deutsche Börse Group, to bring Hamilton Lane’s European evergreen fund offering to Clearstream’s integrated fund distribution platform, officials say. The move is intended to “improve operational efficiency and provide access for a broader range of clients seeking private markets exposure,”… Read More >>
Clearwater Taps A.I. to Accelerate Risk Modeling & Analysis
Clearwater Analytics (CWAN), a cloud-native provider of an integrated, front-to-back office operations platform, has embedded agentic artificial intelligence (A.I.) capabilities in an enterprise risk and quantitative analytics platform, known as Beacon, to help risk teams speed up model validation, exposure analysis, and decision-making, officials say. “As regulatory scrutiny intensifies and portfolio complexity reaches unprecedented levels,… Read More >>
Fidelity ‘Paves’ the Way for Wealth Management Automation
Financial services behemoth Fidelity has folded Pave Finance’s wealth management platform into its offering to provide registered investment advisors (RIAs) with automated wealth management services, officials say. The pair are seeking to capitalize on a swelling cohort of independent RIAs eager to claim a greater share of the market, with indications suggesting the wealth management… Read More >>
BondWave Expands Analytics Capabilities of Effi Suite
BondWave, a fixed income solutions provider, has rolled out enhancements to its Effi Transaction Analytics and Portfolio Analytics solution suites, and among the new capabilities are improvements for BondWave’s Transaction Quality Analysis (TQA) solution, officials say. The Effi suites are “designed to help users quickly analyze, monitor, and manage their fixed income portfolios with precision… Read More >>
tZERO & Streamex Facilitate Secondary Trading of GLDY
Blockchain tokenization infrastructure provider tZERO Group has inked a deal with Streamex, a company specializing in institutional-grade tokenization of real-world assets and commodity-backed stablecoins. The agreement will enable secondary trading of Streamex’s new gold-linked stablecoin product, GLDY, on tZERO’s SEC- and FINRA-regulated alternative trading system (ATS). By wrapping an institutional-grade trading architecture around the product… Read More >>
LSEG Unveils Trade Surveillance Tool
Financial markets infrastructure and data provider, the London Stock Exchange Group (LSEG), has deployed a new tool fueled by proprietary technology and data to help market participants sniff out market abuse and financial crime, officials say. The tool was designed to digest billions of trade and order messages across its venues daily, via LSEG’s proprietary… Read More >>
Crypto-Based Derivatives Spur New Demand for Prime Brokers
As traditional securities firms and their operations teams explore digital assets such as crypto-based derivatives, they are finding that such a move requires a variety of adjustments, which in part creates new demands for prime brokerages that can help firms accommodate this transition. This new opportunity and others are detailed in a new guide that… Read More >>
