Linedata Extends Morningstar Agreement Investment management systems vendor Linedata is expanding its fixed income and credit derivatives coverage for its fund services clients via an extension of its partnership with Morningstar, officials say. “The partnership will provide expanded analytics to meet the requirements of alternative funds and [separately managed accounts] and enhances Linedata Admin Edge’s… Read More >>
Buy Side Faces Many Fixed Income Woes
(Editor’s note: Buy-side firms working in the U.S. Treasury markets have been challenged by structural issues such as ongoing regulatory reforms, liquidity problems and market concentration. OpenDoor Trading is hoping that it can help firms navigate around these problems. Susan Estes is the founder and CEO of OpenDoor Trading and has more than 30 years… Read More >>
Global Markets to Brace for E.U. Regs in 2017
(FTF News is sampling the flurry of securities industry predictions that are hitting as 2017 becomes reality and 2016 starts to fade. This review of predictions will be presented in three parts this week. This is the first installment (click here for second installment and here for third installment) and it focuses on what may… Read More >>
MarketAxess Europe Uses Ancoa for Bond Trading Scrutiny
Bond trading platform MarketAxess Europe has deployed surveillance and analytics software from vendor Ancoa to meet the fixed income oversight requirements of the Market Abuse Regulation (MAR) directive, which took effect in the E.U. July 3. The MAR regulations update the existing Market Abuses Directive (MAD) framework by “extending its scope to new markets and… Read More >>
Exchanges, Clearinghouses, CSDs Embrace DLT with Caution
The world’s largest securities exchanges, clearinghouses and central securities depositories (CSDs) are exploring the possibilities of blockchain/distributed ledger technology (DLT). But concerns remain as to whether the technology will deliver the promised goods of a more streamlined and efficient world, according to a new survey conducted by the World Federation of Exchanges (WFE) and the… Read More >>
State Street, Bloomberg Join Forces for Fixed Income ETFs
Custodian and asset manager State Street Corp. and market data and news provider Bloomberg have joined forces for a Bloomberg terminal enhancement that improves workflow and settlement for fixed income exchange traded funds (ETFs). The combined effort has led to an integration between Bloomberg’s Fixed Income ETF Basket service (BSKT<GO>) and State Street’s TotalETF automated… Read More >>
Omgeo Alert Settlement Utility Hits Milestone
Omgeo Alert, an online global database of account information and standing settlement instructions (SSIs), has hit a milestone with more than six million settlement instructions — a major step forward in its push to become the dominant SSI utility, say officials of the post-trade market infrastructure services provider the DTCC, which owns Omgeo. SSIs hold… Read More >>
NICE Actimize System Offers Cross-Asset Surveillance
Risk and compliance vendor NICE Actimize has launched a “compliance-as-a-service” cloud-based offering that promises to provide surveillance capabilities across multiple asset classes. The new Actimize Cross-Asset Cloud Markets Surveillance solution will also offer case management capabilities to help financial services firms formulate their enterprise-wide scans for risk, vendor officials say. “Cross asset is extremely important… Read More >>
R3 Enlists 40 Banks in Fixed Income Blockchain Trial
The R3 distributed-ledger consortium, also known as R3Cev, has completed what it calls a successful trial of “five distinct blockchain technologies in parallel in the first test of its kind.” The trial “represented the trading of fixed income assets between 40 of the world’s largest banks across the blockchains, using multiple cloud technology providers within… Read More >>
Virtus Partners Deploys Misys Loan Platform
Virtus Partners, a provider of fixed-income collateral administrative services, has implemented the Misys FusionBanking Loan IQ platform in response to the demand for third-party agency services as non-bank lenders are acting as loan originators and as financial services firms move to lower operational costs. By implementing FusionBanking Loan IQ, officials at Virtus say they can… Read More >>
