SIX is working with Eagle Investment Systems to make it possible for Eagle clients to source sanctions data directly from SIX’s Sanctioned Securities Monitoring Service. An expanded alliance between the two vendors is intended to help end-users streamline efforts to “validate and align sanctions data with existing portfolio data, helping firms minimize the risk of… Read More >>
Firms Need a ‘Ruthless Focus’ on Data: Q&A
(Kristin Swenton Hochstein wears many hats. She is the head of entity data services for Refinitiv, the company spun off from the former financial and risk businesses of Thomson Reuters. She also serves as the recently elected vice chair for ISITC, the securities industry group pushing standards and best practices to improve operations. She is… Read More >>
Three Brokers Pay $6M to Settle Blue Sheet Cases
Three broker-dealers will pay more than $6 million to settle charges that they provided SEC officials with incomplete and inaccurate “electronic blue sheet,” or EBS, data. Electronic blue sheets include the required securities trading information that the SEC uses to “carry out its enforcement and regulatory obligations, including the investigation of insider trading and other… Read More >>
Mizuho London Deploys Consolidated Trading & Risk Platform From Orchestrade
Mizuho Bank in London has implemented a consolidated trading and risk management platform that will allow the bank to have a consistent view of P&L and risk in near real-time via an open application programming interface (API) framework. The bank has replaced a legacy system that could not support current volumes and risk requirements with… Read More >>
DTCC Service Targets Outdated Communication for Mutual Funds
(Editor’s note: MF Info Xchange, an on-demand, real time, centralized communications service for the mutual fund industry from the DTCC’s Wealth Management Services (WMS) division, is slated to launch Nov. 30. Unveiled in October, the new service from the post-trade market infrastructure provider is intended to “facilitate and centralize the delivery and receipt of time-critical… Read More >>
Firms to Boost Alternative Data Budgets by 240%
A new survey finds that a sizable number of asset managers that are exploring alternative data sources and advanced analytics capabilities plan to increase their investment in this area by 240 percent over the next three years. This new journey for many firms involves the exploration of machine learning (ML), natural language processing (NLP), and… Read More >>
Delta Data Service Offers Automation for Proprietary Funds
Delta Data, a data management systems vendor for mutual funds, is launching a solution to help trust companies, retirement recordkeepers, insurance companies and broker-dealers with the construction, trade execution and administration of highly customized proprietary funds. The new Proprietary Product Manager (PPM) service will facilitate the development and maintenance of proprietary products such as collective… Read More >>
Performance Teams Face Manual & IT Barriers: Q&A
(FTF News recently got time with Justin Wheatley, group chief executive for StatPro, which won the Best Performance Measurement System honor of the FTF News Technology Innovation Awards for 2018. Wheatley’s career got its start in 1989 when he was a salesman with Micropal, an independent information provider covering mutual funds. By 1994, Wheatley founded… Read More >>
Cowen Execution Services Settles Blue Sheet Data Case
New York-based Convergex Execution Solutions LLC, the broker-dealer now known as Cowen Execution Services LLC, will pay $2.75 million to settle charges that it failed to provide the SEC with “true and complete” securities trading information in its electronic blue sheet, or EBS, data-file submissions. Convergex admitted to the findings in a recent SEC order… Read More >>
Execs Are Growing More Fearful of Bad Data: Survey
Senior risk and regulatory financial services executives in the Americas and Asia-Pacific report changing attitudes regarding the accuracy of their organizations’ data and the impact of upcoming regulations. According to the topline June 2018 results of the most-recent annual survey conducted by AxiomSL, a provider of regulatory reporting systems and techniques for risk assessment and… Read More >>
