Broadridge Financial Solutions has just launched a Software-as-a-Service (SaaS) platform, dubbed Broadridge Futures and Options (F&O), to “transform order and execution management capabilities for sell-side institutions,” according to the post-trade systems and services provider. The new F&O platform, which expands Broadridge’s support for derivatives trading, has been “tailored for futures commission merchants (FCMs) and agency… Read More >>
FTF Focus Spotlights the 2016 FTF Awards Winners
For the sixth year in a row, Financial Technologies Forum (FTF) sponsored the FTF News Technology Innovation Awards competition to help securities industry professionals shine the spotlight on the outstanding companies, individuals and industry groups that have achieved excellence in post-trade operations. The key winners for 2016 are featured in the special Awards Issue… Read More >>
Firms Uncertain About Derivatives Clearing: Sapient Report
Derivatives markets participants face a great deal of uncertainty over post-crisis clearing mandates, and are interested in the establishment of a purpose-built market utility to address buy-side clearing requirements, according to a survey released by Sapient Global Markets. The survey features the responses of 153 market participants and was conducted at the 2014 Futures Industry… Read More >>
New Derivatives Rules to Burden Ops
Josh Brodman must be a little nostalgic for the time—only about a year ago—when the fine print of the clearing and execution reforms for derivatives trading was still being finalized. At the time, he was an operations manager for a multi-strategy, event-driven fund with several billion under management. Life is much different now for Brodman,… Read More >>
Blazing a New Trail for Cross-Border Derivatives
The rally on Wall Street today spurred by the Fed indicating that its looser money policies will remain for the long term overshadows the good news that European Union regulators and the CFTC have come to major agreements over U.S. derivatives rules. This development will provide much-needed clarity for derivatives markets participants striving to keep… Read More >>
Dodd-Frank Takes Spotlight at SIFMA Show
SIFMA’s annual Financial Services Technology Leaders Forum and Expo got underway last week and much of the discussion was dominated by the impacts of the Dodd-Frank Act, which encompasses 235 rulemakings, 41 reports, 71 studies authored by 11 different federal agencies, bureaus, and the Government Accountability Office, according to Tim Ryan, president and CEO of… Read More >>
FTF Panel: Start Preparing Now for OTC Clearing
Financial services firms trading in listed and over-the-counter (OTC) derivatives should start preparing their operations and IT systems now for the new clearing regime to come as a result of the regulators’ mandate for OTC clearing, according to panel participants at FTF’s 3rd Annual Chicago OTC & Exchange Traded Derivatives Ops conference.The Dodd-Frank Act of… Read More >>
