NYSE President Announces Floor Reopening via WSJ The open outcry trading floor of the New York Stock Exchange (NYSE) will partially reemerge “slowly and carefully” on May 26, according to Stacey Cunningham, president of the NYSE, who made the announcement via an opinion piece in The Wall Street Journal, published May 14 The return of… Read More >>
Musings on the New Ops Normal to Come
The global pandemic lockdown has given most of us a time-out that allows us to step back and reconsider a variety of situations. My mind went to scenarios for securities operations, and here are some of my musings on what-if scenarios that could pave the way for permanent changes, once we get to a new, safer… Read More >>
IPC Gets Exclusive Rights via Investment in GreenKey
A voice communication and networking solutions vendor, IPC has made an investment in GreenKey Technologies, maker of natural language processing offerings, that will give IPC exclusive rights to GreenKey’s machine learning voice technologies, officials say. Both vendors decline to disclose the amount of the “strategic investment.” The IPC investment follows closely a two-year, co-development effort… Read More >>
ISITC to Scrutinize Disruptive IT at Spring Summit
David Scola, head of North America for the SWIFT financial messaging and services cooperative, will dive into the impacts of disruptive technologies such as open application programming interfaces (APIs), distributed ledger technology (DLT), artificial intelligence and machine learning at ISITC’s 25th Annual Securities Operations Summit later this month in Boston. Scola is serving as moderator… Read More >>
Lucena to Apply A.I. to Wall Street Horizon’s Data
Lucena Research, a predictive analytics vendor, and Wall Street Horizon, a provider of corporate earnings and events data, have announced that they are combining forces to yield offerings that could uncover “actionable signals” for investment. With the partnership in place, Lucena will validate Wall Street Horizon’s data using artificial intelligence (AI) and machine learning technologies,… Read More >>
AI & ML Will Jolt Back Offices: Report
While there has been a lot of hype over disruptive technologies and trends, artificial intelligence (AI) and machine learning (ML) could have the biggest impacts upon securities operations, according to a survey of asset managers, conducted by vendor Eagle Investment Systems and the Hegarty Group, a market research firm. The report’s authors acknowledge that while… Read More >>
Your AI Team Should Be Cross Functional: Q&A
(Artificial intelligence (AI) and machine learning (ML) technologies are poised to cause major overhauls in the financial services industry. Securities operations teams across the globe are laying the groundwork to embrace this inevitable disruption. To provide our readers with insight on how to take the first steps, FTF News reached out to Rashed Haq, the… Read More >>
Firms to Boost Alternative Data Budgets by 240%
A new survey finds that a sizable number of asset managers that are exploring alternative data sources and advanced analytics capabilities plan to increase their investment in this area by 240 percent over the next three years. This new journey for many firms involves the exploration of machine learning (ML), natural language processing (NLP), and… Read More >>
GTS Wants to Democratize Market Access via Acquisition
High-frequency trading (HFT) firm GTS is acquiring for an undisclosed sum the exchange-traded funds (ETFs) and wholesale market-making businesses of Cantor Fitzgerald, a move that will bring institutional and retail clients the same access to the benefits of machine learning, artificial intelligence (AI) and execution technology, GTS officials say. GTS describes itself as “a quantitative… Read More >>
NICE Actimize Debuts ‘X-Sight’ for Financial Crime Detection
NICE Actimize, a financial crime management vendor, has launched X-Sight, a machine-learning, cloud-based “platform-as-a-service” that is intended to help Ops teams run better quality investigations of suspicious activity, officials say. X-Sight uses artificial intelligence capabilities for detection, decision-making and investigations management, vendor officials say. “NICE Actimize’s X-Sight opens doors that traditionally were more challenging due… Read More >>
