The Central Securities Depository of Poland KDPW (Krajowy Depozyt Papierów Wartościowych) has revamped its website and issuance application for Legal Entity Identifiers (LEIs), intended to streamline the creation and usage of LEIs, officials say. The changes are available via the established website address: https://www.lei.kdpw.pl/ The LEI is “a 20-character alpha-numeric globally unique legal entity identifier… Read More >>
FINRA Warns Against Fraudsters Using Gen A.I.
FINRA, the self-regulatory organization for broker-dealers, recently issued a guidance about how generative artificial intelligence “is making it easier for bad actors to fraudulently open new accounts using investors’ identities and to improperly gain access to investors’ accounts.” Investment fraud that uses A.I. “is on the rise” because Gen A.I. “is a type of A.I…. Read More >>
DTCC Revamps & Renames Securrency Suite as ComposerX
Officials at the Depository Trust & Clearing Corp. (DTCC) say that they are doing their part to accelerate digital asset adoption “throughout the financial ecosystem” with the release of ComposerX, formerly the Securrency product suite, intended to streamline token creation and settlement. In October 2023, the DTCC acquired the tokenization infrastructure company Securrency Inc., then… Read More >>
NYFIX Matching Integrates Symphony’s Messaging Services
The NYFIX Matching platform is declaring that it is the first post-trade matching system to offer integrated messaging because of a new partnership between NYFIX’s owner Broadridge Financial Solutions and communication systems provider Symphony, officials say. The messaging functions are intended to help asset managers and their executing brokers with “compliance, greater transparency, and streamlined… Read More >>
Trump’s Team Pushes Hard for Crypto Regulatory Overhaul
The new Trump administration’s crypto- and digital asset train is moving full speed ahead to help Trump deliver on a campaign promise to make the USA the “crypto capital of the planet.” The impact on the securities industry and operations could be profound as the Trump team wants to fast-track innovation, new rules, guardrails, and… Read More >>
U.S.-Based Trading of Eurex Dividend Options Approved
EURO STOXX 50 Index Dividend Options and EURO STOXX Banks Index Dividend Options from European derivatives exchange Eurex can be directly traded from the U.S., underscoring Eurex’s plans to expand globally, officials say. U.S. derivatives regulator the Commodity Futures Trading Commission (CFTC) approved Eurex’s efforts to offer its dividend options directly to participants in the… Read More >>
Recs Projects Still Seen as ‘Complex, Costly & Messy’
(Marc McCarthy has worked for 25 years in reconciliations. His career began as “a reconciler and then project/program manager at Tier 1 banks,” he says. He also had a secondary career in consulting, sales, and executive roles on the provider side. He launched ReconIQ, a London-based specialist in reconciliation advisory services during the second quarter… Read More >>
Hedge Fund Uses Pricing Driven via Machine Learning
British hedge fund Marshall Wace is using a real-time pricing data service from Bloomberg that incorporates machine learning models to bolster its systematic credit strategy with new pricing data delivered every 15 seconds across the liquidity spectrum for USD, EUR and GBP credit markets, officials say. Known as a global liquid alternatives manager, Marshall Wace… Read More >>
Election Results Will Impact Firms’ Sanctions Compliance
While not one of the top issues during the U.S. presidential and Congressional elections, it’s clear that two different sanctions compliance policy paths have emerged and only one will prevail on Election Day. It’s also clear that a new sanctions problem is stirring with Russia, namely its evasion of the price cap economic sanctions imposed… Read More >>
TD Bank’s AML Woes: a Business Case for Compliance
As has been widely reported, TD Bank last week became “the largest bank in U.S. history” to plead guilty to Bank Secrecy Act (BSA) and anti-money laundering (AML) program failures, according to Merrick B. Garland, U.S. Attorney General. TD Bank N.A. and its parent company TD Bank US Holding Company pleaded guilty to resolve the… Read More >>
