SWIFT is strongly urging that the industry adopt Unique Transaction Identifiers (UTIs) as a way to bring more transparency to post-trade processing. The new UTI support would come via the SWIFT Securities View capability, which has had a successful pilot test, dubbed the “SWIFT Securities Tracking Pilot,” according to officials of the financial messaging, systems,… Read More >>
9/11 Recovery Volunteers Urged to Meet Registration Deadline
Twenty-one years after 9/11, more than memories of lost loved ones, family, and friends linger. Physical and mental health concerns for those who were directly impacted as they were volunteering to help with rescue efforts may become grim realities, especially after two decades. Medical and financial resources have become available for those who were directly… Read More >>
UMR May End DerivOps As We Know It
If your firm has not yet met the September 1 deadline for Phase 6 of the ongoing saga of the Uncleared Margin Rules (UMR), you are probably not reading this blog posting. You will be up to your ears in a gargantuan effort to meet the deadline or to find a legal way to sidestep… Read More >>
19 State AGs Oppose BlackRock’s ESG Pension Push
Another anti-ESG push from the right is emerging and this time it’s taking aim at what is arguably the world’s largest asset manager. The attorney general for the Grand Canyon state Mark Brnovich earlier this month created “a coalition of 19 states that sent a letter to BlackRock Inc., calling out its practices of putting… Read More >>
It’s Time to Check the T+1 Playbook
To say the least, the securities-trading industry has been a little busy since it shifted to a trading day plus two business days settlement (T+2) cycle in 2017. Yet, despite market volatility, disruptive technologies, epic political and social changes, a pandemic, soaring inflation, and an ongoing war in Europe, the industry-wide drive to an even… Read More >>
Should Risk & Resilience for Ops Be One?
Should the securities operations industry rethink the gap between operational resilience and operational risk? Should those working in operations bring the two disciplines closer together, and by doing so, develop a stronger architecture for securities operations? Those are the questions that Guy Warren, CEO at ITRS Group, is pondering and he wants you to ponder… Read More >>
Futures Industry Honors the Passing of John W. O’Brien, Sr.
There is sad news out of Chicago as officials at futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) report that a former chairman and CEO of the firm, John W. O’Brien, Sr., 68, died Saturday, July 9, after a long illness. “We’re deeply saddened to lose Johnny, my dear friend, our long-time board… Read More >>
SIFMA Praises CAT Compliance Deadline Extension
There’s a twist in the ongoing saga of the Consolidated Audit Trail (CAT) via a new delay that actually has the approval of a key player in the securities industry. To remind you, the CAT system is the result of SEC Rule 613, which requires U.S. securities exchanges and FINRA, the self-regulatory organization (SRO) for… Read More >>
Bonus-Worthy Gadgets: A Smart Collar for Your Pooch?
(Editor’s Note: FTF News was fortunate to get time with Terry Anderton, the founder and CEO of Wagz, a company that launched the Wagz Freedom Smart Dog Collar, which sells for $249.00. The device does not use electric shocks to keep your dog from straying. Instead, this dog collar applies more humane methods to stop… Read More >>
Time to Deal with Your Insomnia?
It’s not breaking news that we are living with rather high levels of stress that are manifesting themselves in poor sleeping patterns. To help people cope, French entrepreneurs Guillaume Barathon and Charlie Rousset started Morphée in Paris about three years ago in an effort to find natural solutions for insomnia. They wanted their offerings to… Read More >>
