A division of the Commodity Futures Trading Commission staff has issued a clarification that will allow shares of certain U.S. Treasury exchange-traded funds (ETFs) to be treated as redeemable securities in a pooled investment fund and thus eligible as margin collateral for certain uncleared swap transactions. The clarification allows these instruments to qualify as eligible… Read More >>
SEC Publishes Buy-Side Data & Analysis Reports
The U.S. Securities and Exchange Commission (SEC) has released two new reports offering a more detailed view into the operations of registered investment managers and money market funds. The reports are part of the SEC’s Division of Investment Management’s ongoing efforts to increase transparency and share data about the combined $49 trillion industry. The Annual… Read More >>
24Exchange & CobaltFX Partner for FX Swaps Trading
24Exchange Bermuda Trading Ltd., a multi-asset trading platform, has partnered with CobaltFX, a subsidiary of credit and post-trade infrastructure provider United Fintech, to offer live FX swaps trading to customers. Officials say the partnership addresses key issues in the FX swaps market that have long stymied the growth of the business, including credit limitations and… Read More >>
Providers Try New Ways to Ease Collateral Management
The new tariff wars are spurring new operational challenges across global markets, a situation made more difficult by less-than-optimal collateral management operations at many firms. As firms navigate fluctuating markets and regulations, post-trade infrastructure provider the Depository Trust & Clearing Corp. (DTCC), and established providers SmartStream and Finastra are exploring new ways to optimize collateral… Read More >>
Revamped & Rebranded ‘Vistra Fund Solutions’ Launches
Vistra, a provider of business services for funds, has launched Vistra Fund Solutions, a global offering derived from Vistra’s acquisition of the fund administration and transfer agent business of Phoenix American Financial Services, Inc. last year, officials say. “We have reorganized our service delivery to embed a client-centric service culture that is underpinned by a… Read More >>
Affin Group Taps Bloomberg to Streamline Ops
Officials say the Affin Group, a Malaysian banking and financial services company headquartered in Kuala Lumpur, has selected Bloomberg’s Sell-Side Order and Risk Management suite of solutions to improve workflows, strategic decision-making, and its regulatory reporting framework. The Affin Group will implement Bloomberg TOMS, a sell-side order management system (OMS), to help the company “realize operational… Read More >>
SS&C to Open an Office in Saudi Arabia
SS&C Technologies is opening an office in Riyadh, the capital of Saudi Arabia, that will be headed by Issa Jadon, director, strategic accounts, who will help the post-trade systems and services provider develop its working relationship with the Capital Markets Authority and the Saudi Arabian Monetary Agency, officials say. The move into the financial hub… Read More >>
Is ESG-Based Investing Dead in the U.S.?
It’s amazing how quickly pendulums swing in the U.S. Not that long ago, there was a lot of positive talk about investments based upon environmental, social, and governance (ESG) and sustainability factors. To say the least, that has changed dramatically. For instance, the Securities and Exchange Commission (SEC), now under the control of President Trump’s… Read More >>
Archax Acquires Globacap Private Markets
Archax, a digital and traditional asset exchange, broker, and custodian, is extending its reach into U.S. markets with the acquisition of Globacap Private Markets Inc., a broker-dealer and alternative trading system (ATS) that will be renamed Archax Markets U.S., officials say. “The acquisition of Globacap PMI in the U.S. builds on the strong partnership we… Read More >>
SEC Crypto Task Force Schedules More Roundtables
Following its first roundtable on March 21, the Crypto Task Force of the Securities and Exchange Commission (SEC) has slated four more roundtables as part of its ongoing series focused on crypto asset regulation. The task force dates and subjects for each roundtable are as follows: April 11, 2025: “Between a Block and a Hard… Read More >>
