Financial technology provider FIS Global and post-trade solutions provider OSTTRA have launched a partnership aimed at yielding new avenues of transparency to clients via real-time clearing status views into the post-trade lifecycle of exchange-traded derivatives (ETD), officials say. “Through the partnership, the OSTTRA network of investment management clients will benefit from receiving a real-time clearing… Read More >>
Major Ops Vendors Endorse SFTR Reporting via GTR
The DTCC has scored the support of major operations IT and service providers as they have agreed to link their Securities Financing Transactions Regulation (SFTR) reporting solutions to the DTCC’s Global Trade Repository (GTR) in a bid for a streamlined workflow, officials say. The DTCC has new partnerships with Broadridge Financial Solutions, FIS Global, Murex,… Read More >>
Pressures Building on Firms to Scale Up Ops & IT
[Editor’s note: Martin Boyd, executive director, head of institutional and wholesale strategy at FIS, took time out of his schedule to answer questions from FTF News about some of the processing and regulatory demands that are hitting home for back-office staffs at securities firms.] Q: What will the greater acceptance of the flow model process… Read More >>
Report Finds Firms Falling Behind the Tech Curve
Although there has been a great deal written about how financial service firms are embracing fintech to meet the many regulatory challenges to come, only around 25 percent of senior executives at global institutions say they have the technology capability to support their firms’ growth ambitions, according to a new report, “The Hunt for Growth,”… Read More >>
Mirae Asset Securities Using FIS for Next Move
Mirae Asset Securities (USA), the wholly owned U.S. subsidiary of Mirae Asset Financial Group, is entering the hedge fund investment allocation space and will be using the Securities360 solution from FIS as it attains self-clearing status. Previously, the firm introduced accounts through a correspondent clearing firm for about two decades and had no need for… Read More >>
Sell Side Falling Behind Regulatory Demands
Although it has been well documented that sell-side firms are being forced to undergo a major restructuring due to stricter legislation and disruptive technologies, it is surprising to learn that their management teams still do not have the prowess to implement systems and processes in the most effective manner to meet the new regulatory regime…. Read More >>
