Necessity is still the mother of invention especially when it comes to applying artificial intelligence (A.I.) and machine learning (ML) to the investigation of trade breaks as Gresham Technologies has learned. By using A.I. & ML to investigate and then learn from trade breaks, a Gresham client facing repetitive trade breaks has had a 66… Read More >>
FTF Unveils the 2024 FTF Awards Nominees!
Financial Technologies Forum (FTF) has unveiled the nominations for the 2024 FTF News Technology Innovation Awards competition, and the list of nominees reflects the dynamics of an industry facing digital transitions, a major effort to shorten settlement, and a final push to eliminate manual processes. The winners of the FTF Awards competition are chosen by… Read More >>
Swift Explores CBDC Links to FX, Tokens & Liquidity
The global Swift financial messaging cooperative has completed a collaborative “sandbox experiment” testing the interoperability of an interlinking solution for central bank digital currencies (CBDCs) intended to “simplify and speed up trade flows, unlock growth in tokenized securities markets, and enable efficient FX settlement,” officials say. CBDCs are the digital currencies likely to be issued… Read More >>
BBH’s Infomediary Expands Into Managed Services
Brown Brothers Harriman (BBH) is expanding its Infomediary data integration and connectivity offering into a broader set of data management services, now known as Infomediary Data Solutions. The updated suite of data offerings, part of BBH’s Investor Services division, targets asset managers and financial institutions with a combination of data management technology and managed services,… Read More >>
Partnership Links SIX’s Connexor to D7 Platform
SIX, a Swiss financial markets data provider and exchanges company, is partnering with Clearstream to become the reference data processor for the instruments supported by the D7 digital post-trade platform from Deutsche Börse. The partnership will yield a link from SIX’s Connexor platform for reference data distribution to D7, facilitating a one-stop shop for international… Read More >>
MUFG Launches a Major Foray into Asset Management
Mitsubishi UFJ Financial Group (MUFG) quietly announced what could turn out to be a major wave in the global asset management industry. MUFG, the holding company for commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing services, recently announced that it has begun implementing an asset management (AM) business strategy that… Read More >>
Time to Buy Not Build an OMS?
(Global banks and other sell-side firms face “a technological fork in the road” when it comes to order management systems (OMSes), according to a recent report, “The Future State of Global OMS,” from market research firm Datos Insights. “Sell-side firms … will need to reevaluate the value proposition of their existing OMS architecture and determine… Read More >>
SEC Revamps Clearing for Security-Based Swaps
It looks like there will be new rules of the road for conflicts of interest at registered clearing agencies servicing securities-based swaps. The SEC has adopted rules intended to reform boards of directors or equivalent governing bodies for these clearing agencies. However, critics of the recently approved rules — which date back to the Dodd-Frank Act… Read More >>
Open Source Helps Wall Street Innovate Faster
(Gabriele Columbro, executive director for the Fintech Open Source Foundation (FINOS), spoke to FTF News about a variety of subjects during the Open Source in Finance Forum (OSFF) sponsored by FINOS and held in New York City last week. Columbro focused on the Common Cloud Controls (CCC) effort to formulate consistent controls for cloud computing… Read More >>
Schroders Taps Xceptor to Manage Aladdin Data Flows
The London-based Schroders deployed the data automation offerings of Xceptor to move much of its key business onto the BlackRock Aladdin investment operations platform and wound up using Xceptor again for processes not involving Aladdin. “Schroders’ strategic aim was to get as much of their business onto Blackrock Aladdin and their core supporting platform,” Josh… Read More >>
