(More and more, securities firms are looking to agentic A.I. for operations such as reconciliation, exception handling, and onboarding because they are “ripe for automation,” says Sami Mansoor, partner and head of investment technology and data at Alpha Financial Markets Consulting (FMC), a global consultancy to the financial services industry offering specialized, sector-focused management consulting…. Read More >>
Phillip Capital Extends Relationship with Eventus
Chicago-based futures commission merchant (FCM) and broker-dealer Phillip Capital Inc. has extended its long-term trade surveillance relationship with Eventus, a provider of trade surveillance and financial risk solutions, officials say. Phillip Capital officials say they will continue to use the Eventus Validus platform for trade surveillance of all of its markets, including U.S. equities, options,… Read More >>
DeFi Platforms Want Tokenized RWAs: Calastone MD
Tokenization is gaining ground among traditional financial services firms. But it’s also set to take off among major decentralized finance (DeFi) platforms such as Coinbase and Kraken. This is likely to drive convergence between traditional and DeFi realms, as the DeFi sector is eager to embrace tokenization of real-world assets (RWAs), says Simon Keefe, managing director and head… Read More >>
Clearing U.S Treasurys Means More Data Touchpoints
The U.S. Treasury market is about to go through one of the largest structural transformations in decades. Under the US Securities and Exchange Commission (SEC) central clearing rules, a massive influx of cash and repo market transactions must migrate to central counterparties (CCPs) such as the Fixed Income Clearing Corp. (FICC), ICE Clear Credit, and… Read More >>
Northern Trust & CSC Focus On Tokenization
Custodian Northern Trust and Commonwealth Superannuation Corp. (CSC), a superannuation fund based in Canberra, Australia, report that they have signed a Memorandum of Understanding (MoU) that will allow them to investigate ways “to advance digital investment infrastructure and support innovation across institutional markets.” “The MoU establishes a framework for collaboration focused on emerging technologies including… Read More >>
FIX Group Wants Standards for Tokenized Assets
Tokenized assets need better standardization, say officials at the FIX Trading Community — an industry association that manages the FIX protocol for electronic trading — and they are doing something about it in response to a call for input from the Financial Conduct Authority (FCA), a U.K. regulator, and the Bank of England. “The business… Read More >>
Northern Trust Expands Digital Asset Reporting Support
Custodian Northern Trust has begun a collaboration with Lukka, Inc., an enterprise blockchain data and software solutions provider, that has yielded an institutional reporting service for Northern Trust clients who can access information about their digital assets held by other custody providers, officials say. “The new capability provides clients with enhanced reporting on digital asset… Read More >>
First Plus Asset Management Taps SS&C
First Plus Asset Management (FPAM) reports that it has expanded its relationship with SS&C Technologies by picking the provider for operations support across Asia as part of an initiative for FPAM to service “its growing cross-border operating model.” SS&C will provide the multi-asset investment management firm with solutions “across the full investment lifecycle” via an… Read More >>
Rogue A.I. Models Can Attack
By now, you probably have heard about the rogue artificial intelligence incident where “cyber-capable” OpenAI models acted on their own and created havoc with Hugging Face, a company that describes itself as “The Home of Machine Learning.” OpenAI created ChatGPT. The AI-based hack has sent shock waves across multiple industries, C-suites, and boardrooms, including, I… Read More >>
DTCC & Major Players Tokenize Assets & Trade Them
Tokenization is hitting its stride in the securities industry as its operations infrastructure provider — the Depository Trust & Clearing Corp. (DTCC) — and major industry players tokenized real-world assets held at the Depository Trust Co. (DTC) and later used them in real trades via the largest tokenization production initiative “in breadth of use cases,… Read More >>
