Like millions of Americans, I got my second vaccination shot over the weekend and I allowed myself to start thinking about a time when the COVID-19 pandemic and lockdown might be history. Of course, it’s difficult to entertain such thoughts when there are still hotspots in the U.S., and when several parts of the world… Read More >>
FNZ Told for a Second Time to Undo GBST Acquisition
FNZ may have to undo its acquisition of GBST because a regulator in the U.K. — the Competition and Markets Authority (CMA) — has again determined that the union of FNZ and GBST would “substantially lessen competition” and is reviewing “different remedy options to address these concerns,” CMA officials say. GBST provides the Syn~ suite… Read More >>
SteelEye to Expand into North American Markets
SteelEye Raised $17 Million to Fund Growth SteelEye, a compliance technology and data analytics vendor based in the United Kingdom, reports that it plans to expand into North America. Founded in 2017, SteelEye offers a software-as-a-service (SaaS) based regulatory-technology platform for “banks, brokers, and asset managers” that is meant to simplify their compliance processes, officials say. In… Read More >>
A.I. Is On the Regulators’ Radar
Almost all facets of securities operations are investigating or even embracing cutting-edge technologies, particularly the extensions of artificial intelligence (A.I.) such as machine learning, natural language processing (NLP), and deep learning. Many firms are also exploring how robotic process automation (RPA) may make their lives easier. But, as these advanced technologies become more prevalent, the… Read More >>
Gensler’s SEC Will Face ESG, Crypto & Investor Woes
By a vote of 53 to 45, Gary Gensler, a former CFTC chairman, won confirmation by the U.S. Senate to become the next chair of the SEC, ushering in what many expect will be a new era of regulation requiring adherence to Environmental, Social, and Governance (ESG) reforms. The Senate vote, which got the support… Read More >>
Firms Must Bolster AML Systems: FATF President
The G20 countries have recommitted to the battle against financial crime. One reason: The president of the Financial Action Task Force (FATF), the self-described “global money laundering and terrorist financing watchdog,” has prompted them to do more. In a plain-spoken speech at the recent Finance Ministers and Central Bank Governors Meeting of the G20 countries,… Read More >>
TP ICAP Rebrands ‘Data & Analytics’ as Parameta Solutions
Interdealer broker TP ICAP has launched Parameta Solutions, a rebranding of TP ICAP’s data, analytics, and post-trade offerings businesses — a decision that was led by clients, officials say. The new branding became official Monday, April 12, and will not result in any staffing changes, Jamie Bailey, head of marketing at Parameta Solutions, tells FTF… Read More >>
BlackRock Embraces ESG & Climate Change Reforms
Larry Fink, chairman and CEO of the world’s largest asset manager BlackRock, is making the case to his shareholders and fellow corporate executives that major steps forward need to be taken to advance environmental, social, and corporate governance (ESG) goals in financial services and beyond, and, particularly, to combat the impacts of global warming. The… Read More >>
Credit Suisse & Instinet Use Blockchain for T+0 Settlement
Instinet & Credit Suisse Use Paxos Settlement Service Instinet and Credit Suisse used blockchain technology from Paxos Trust Company to settle U.S. listed equities trades on a same-day, T+0 settlement, cycle via the Paxos Settlement Service, the market infrastructure provider confirms. “The trades occurred [March 4, 2021] at 11 AM ET and 3 PM ET… Read More >>
COVID-19 Put Cloud’s Value to the Test: Q&A
(Editor’s Note: Financial services firms that were sitting on the fence about cloud computing are changing their minds as they look to the post-pandemic world. So says Julian Trostinsky, vice president, strategy and solutions engineering at Duco Technology, which offers cloud-based, data and post-trade reconciliation systems. Trostinsky has more than two decades of experience helping… Read More >>
