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 >>
Pico & BMLL Combine Offerings to Streamline Trading
Pico, a solutions provider for low-latency trading, is partnering with BMLL, a provider of harmonized Level 3, 2, and 1 historical data and analytics, to provide access to real-time and historical data sets simultaneously, officials say. The combination of products and services will provide “a full-suite solution of historical data, backtesting, and live trading environments”… Read More >>
Northern Trust & Hamilton Lane Bolster Private Funds Support
Custodian Northern Trust and global private markets investment management firm Hamilton Lane are collaborating to provide Northern Trust Asset Servicing clients a new link to private market analytics and decision support services. Officials say that the collaboration offers a front-to-back office decision-making solution that combines Hamilton Lane’s analytics with Northern Trust’s investment book of record… Read More >>
Broadridge Bolsters Solutions for DORA Compliance
Officials at Broadridge Financial Solutions say they are enhancing the provider’s international post-trade processing capabilities to help firms comply with the European Union’s Digital Operational Resilience Act (DORA), which requires firms to bolster their IT security and resilience when faced with operational disruptions. “The DORA compliance deadline is just three months away and the clock… Read More >>
Abrdn Extends SS&C GIDS Coverage to Singapore
Global investment company and asset manager Abrdn plc, formerly known as Standard Life Aberdeen, is continuing its long-term transfer agency relationship with SS&C Global Investor and Distribution Solutions (GIDS) for its U.K. and Luxembourg fund ranges and will extend that coverage for its Singapore efforts, officials report. SS&C GIDS, which is part of SS&C Technologies,… Read More >>
CACEIS Launches Custody Architecture for Digital Assets
Fund administrator CACEIS reports that it is helping clients subscribe to “the first French UCITS money-market funds with units natively issued and delivered on Ethereum’s public blockchain. ” This marks the launch of CACEIS’s new custody architecture for tokenized financial instruments and crypto-assets. “The Undertakings for the Collective Investment in Transferable Securities (UCITS) is the… Read More >>
Is T+1 in North America a Partial Victory?
The Securities Industry and Financial Markets Association (SIFMA), Investment Company Institute (ICI), and the Depository Trust & Clearing Corp. (DTCC) released a report early last month declaring victory in the push for a shorter settlement cycle for markets in North America. However, the report fails to address some of the issues that have emerged over… Read More >>
Indus Valley Partners Expands Reach via IntegriDATA Acquisition
With backing from private equity firm PPC Enterprises (PPC), managed services provider Indus Valley Partners (IVP) has acquired IntegriDATA, an alternative investment software solutions provider, and combined their respective cloud platforms, officials say. A specialist middle-market PE firm, PPC is a minority investor in IVP, and the acquisition is intended to position the IVP Group… Read More >>
Derivatives Document Negotiations Need More Automation
After conducting a survey on document negotiation, the International Swaps and Derivatives Association (ISDA) is making a strong case for more digitization of derivatives documentation. ISDA officials are also arguing that firms use ISDA Create, an online platform for negotiating, producing, and executing derivatives documentation. This includes the ISDA Master Agreements, variation margin credit support… Read More >>
E.U.’s Buy Side Wants T+1 to Happen Sooner
The German buy side is advocating for the earlier adoption of shorter T+1 settlement, amid growing calls for harmonization with the U.K. and Switzerland. The German Investment Funds Association (BVI), which represents 115 fund companies and asset managers with €4 trillion ($4.4 trillion) in assets under management (AUM), is pushing for the European Union to… Read More >>
