We are thrilled to launch the nomination process for the 2023 FTF News Technology Innovation Awards — an industry-wide competition now in its 13th year — presented by Financial Technologies Forum (FTF) and the FTF News service. In addition to our classic securities operations and related categories, we have four new categories that reflect industry… Read More >>
800 BitConnect Victims to Share $17M in Restitution
About 800 victims of the BitConnect cryptocurrency investment scheme will be getting some of their money back, which may serve as a ray of hope for other crypto-fraud victims left in the cold of a crypto winter full of scandal. But it will be a thin ray as the BitConnect Ponzi scheme claimed 4,154 victims… Read More >>
FIA Wants FCMs Exempt from Repo Clearing Proposal
Walt L. Lukken, president and CEO, of the Futures Industry Association (FIA) has sent a letter to the SEC asking the regulator to exempt futures commission merchants (FCMs) from complying with proposed rules that would set new standards for covered clearing agencies for U.S. Treasury securities. “The SEC has proposed rules that would significantly expand… Read More >>
A.I. for Recs Will Need Human Oversight: Q&A
(Editor’s note: The financial services industry “is unique and will always require human interaction to cover things like reviews and approvals. It is, however, possible that robots could cause somewhat of a disruption in the financial industry, especially in technology sectors,” says Julian Trostinsky, global director of customer success for Gresham Technologies, in this second… Read More >>
The Post-Trade Talent Crisis Is Real: Q&A
(Editor’s note: Post-trade teams at financial services firms have to take on new asset classes, regulations, data quality controls, and other requirements while also trying to attract and retain new talent, says Julian Trostinsky, global director of customer success for Gresham Technologies, in this Q&A for FTF News. A provider of real-time processes, procedures, and… Read More >>
Options Technology to Celebrate the ‘Derry Girls’
This blog generally focuses on very serious, financial technology issues that impact the lives of those working in operations, IT management, enforcement and compliance, regulatory matters, and much more. However, we do occasionally allow ourselves to take a diversion from the hard news, strictly business mandate to focus on related matters that might be fun…. Read More >>
CAT Data Helps SEC Build Insider Trading Case
The ambitious, big data, securities transaction monitoring project known as the Consolidated Audit Trail (CAT) helped SEC officials build a case in an alleged, multi-year, insider trading scheme that yielded $47 million for the accused perpetrators, according to the SEC. “The SEC staff analyzed trading using the Consolidated Audit Trail (CAT) database to uncover [Alan]… Read More >>
STP Investment Services Acquires WealthSite & Other News
STP to Add WealthSite’s Accounting Engine STP Investment Services, an investment-operations service provider, reports the acquisition of WealthSite. WealthSite is a company that “provides a customized accounting, portfolio management, reporting and analytics platform to single and multi-family offices, traditional wealth advisory firms and money managers serving ultra-high-net-worth (UNHW) clients,” STP officials say in a prepared… Read More >>
Looking Back at Our Content for 2022
First, we at FTF & FTF News are hoping that you are enjoying or are about to enjoy a great and well-deserved holiday break. FTF, too, is taking a break for a week between Christmas and New Year’s Day. We will not leave you hanging, though. We have lined up special alerts for you —… Read More >>
MSCI Platform Uses Microsoft Azure & Other News
MSCI Offers Integrated Access to Its Wares MSCI, a provider of indexes and other decision support services, has launched an open architecture technology platform, dubbed MSCI ONE, that uses the Microsoft Azure cloud platform to create integrated access to “MSCI’s portfolio of products and solutions,” officials say. MSCI ONE includes “capabilities in quantitative investment… Read More >>
