With the shutdown of the U.S. federal government, the financial markets regulators — the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) — have issued guidelines to help staff members and market participants maintain some regulatory requirements. During the shutdown, the SEC “will have only an extremely limited number of staff… Read More >>
Smartstream Technologies Rebrands Itself
Smartstream Technologies has rebranded all of its solutions, which now carry the “Smart” prefix, as a sign of a new, cohesive effort focused on making the company a data solutions leader, officials say. The company’s main offerings are now known as: Smart Reconciliations, for reconciliations and exceptions management; Smart Liquidity, for cash and liquidity management;… Read More >>
Google Cloud Passes Test for Low-Latency Trading
Google Cloud has proven its capability to deliver Tick-to-Trade (T2T) latency at sub-2 microseconds (µs), based on benchmark testing conducted by 28Stone Consulting, a financial technology and consulting services provider. This study demonstrates that cloud infrastructure is becoming increasingly capable of meeting the high demands of modern-day institutional trading firms, officials say. 28Stone carried out… Read More >>
Rimes to Offer CanDeal Bond Pricing Data
Rimes has integrated into its data service Canadian fixed income reference pricing services and a security master offering from the CanDeal Group in an effort to bring new transparency to the opaque Canadian bond market, officials say. Officials at Rimes, which offers enterprise data management and investment platform solutions, say the CanDeal Data & Analytics… Read More >>
Layoffs Not Ruled Out as StoneX Integrates RJO
StoneX Group Inc. has completed its acquisition of R.J. O’Brien (RJO), regarded as the oldest independent futures brokerage in the United States, and is positioning the combined company as the largest non-bank futures commission merchant (FCM) in the U.S. In the meantime, Philip Smith, CEO of StoneX, has not ruled out layoffs as a result… Read More >>
DTCC to Explore Fnality Integration with Digital Launchpad
Post-trade infrastructure provider the Depository Trust & Clearing Corp. (DTCC) and a provider of regulated DLT-based wholesale payment systems Fnality are collaborating “on the potential integration of the Fnality wholesale payments system (FnPS) as a payment rail” within DTCC’s recently introduced Digital Launchpad, officials say. The Digital Launchpad supports “the testing and advancement of emerging… Read More >>
Nasdaq Wants ‘Smart Reforms’ to Strengthen Public Companies
Private markets are becoming more appealing as public companies face greater burdens and an unpredictable regulatory environment. So say Nasdaq officials who want to change this situation by strengthening capital markets and recommending key public policy proposals to make that happen. The policy recommendations are featured in a paper, “Advancing the U.S. Public Markets: Unlocking… Read More >>
Q&A: Tariff Battles Could Lead to Ops Layoffs
(Last week, Johnson Associates, a provider of compensation consulting services, presented a review of the financial services industry in 2024 and initial thoughts on compensation and related developments for 2025. Some of the key matters covered included the layoffs of 2024, the convergence of public and private markets, technologies impacting headcount, and the surprises so… Read More >>
State Street and SS&C Revamp IFDS in Europe
State Street Corp. and SS&C Technologies plan to restructure the European components of their record-keeping solutions and business process outsourcing joint venture, dubbed International Financial Data Services (IFDS), but will keep their IFDS Canada effort intact for North American markets, officials say. IFDS Canada, Ireland, and Luxembourg are 50/50 joint ventures between State Street and… Read More >>
BayernLB to Use Bloomberg’s B-PIPE & BVAL
Bayerische Landesbank, a.k.a BayernLB, a specialized bank serving the Bavarian and German economies, will be using Bloomberg’s real-time market data feed B-PIPE and evaluated pricing service BVAL. The implementation “complements Bloomberg’s recent collaboration with BayernLB’s asset management arm, BayernInvest, which adopted Bloomberg Buy-Side Solutions spanning AIM, PORT Enterprise, and MARS Collateral Management’s integrated offerings to… Read More >>
