(Editor’s note: This tumultuous year is winding down but there’s every reason to think that securities operations will continue to make leaps and bounds next year especially when it comes to cutting-edge IT. Erica Borghi (née Choinski), chair of the International Securities Association for Institutional Trade Communication (ISITC), and vice president of Fintech Risk at… Read More >>
CFTC Taps Federal Prosecutor to be Enforcement Director
Jamie McDonald to Start CFTC Post on April 10 James McDonald, who has served as a prosecutor in the Southern District of New York, has been named the director of the CFTC’s Enforcement Division, according to the CFTC’s Acting Chairman J. Christopher Giancarlo. McDonald will replace Vince McGonagle, who has been serving as acting director… Read More >>
Head of State Street Global Exchange Appointed
State Street Corp. reports that John Plansky will be named global head of State Street Global Exchange. Plansky will report to Executive Vice President Lou Maiuri. Plansky will be responsible for “global strategy, new product development and developing solutions for clients that help them manage increasingly complex data, search for better performance, focus on attracting… Read More >>
ISITC’s New Chair to Take on Third-Party Risk
(Industry standards group ISITC has a new chair, Erica T. Choinski, a vice president at Brown Brothers Harriman & Co. (BBH), which offers private banking, investment management and investor services. Choinski is taking over for Jeff Zoller, who finished a three-year term as ISITC chairman in December 2016. An ISITC member since 2004, Choinski has… Read More >>
Hosting is a Serious Business: Fiserv
(Editor’s note: Many securities firms are embracing the hosted option be it a cloud-based offering, an application service provider (ASP) model or a “something-as-a-service” implementation. While much is made about the hands-off aspects of these hosted situations, operations staff members still have a lot of interactions with third-party suppliers. Tirdad Shojaie, senior vice president, product… Read More >>
Firms Have Tough Decisions Ahead of Them: ISITC
(Editor’s note: Jeffrey Zoller, chairman of The International Securities Association for Institutional Trade Communication (ISITC), an industry trade group focused on standards, speaks to FTF News about some of the difficult choices coming for financial services firms. ISITC’s 22nd Annual Industry Forum & Vendor Show is underway in Boston this week. In addition to his… Read More >>
Cybersecurity, Blockchain to Dominate in 2016: ISITC
Securities firms are gearing up for cybersecurity and Blockchain projects while hoping the T+2 shorter settlement push will not cause them a major overhaul of operations, according to the latest survey from the International Securities Association for Institutional Trade Communication (ISITC), an industry trade group focused on standards. Yet despite juggling new and incumbent technologies… Read More >>
It’s Time for T+2 and FTF Focus Magazine
A very warm spring has come to the New York City area this week and coincidentally we are debuting a new online magazine from FTF News (a printed version is also available). To underscore our new commitment to magazine journalism, we have renamed the publication “FTF Focus,” and for this special edition, we took on… Read More >>
ISITC to Join the T+2 Push in the U.S.
The push for a shortened settlement cycle in the U.S. will be a key part of the agenda for the International Securities Association for Institutional Trade Communication (ISITC) during 2015, says Jeffrey Zoller, the chair of the trade processing standards group. In the U.S., the securities industry settles trades in equities and certain debt securities… Read More >>
ISITC Survey Indicates Technology Spending Up
Industry trade and standards group ISITC has just released the results of its annual membership survey and has found that a high percentage of respondents, 88 percent, say that firms will benefit from increased spending on technology in 2015. Operational challenges with alternative and non-traditional investments and regulatory change may be on the spending list… Read More >>
