Overbond Adds A.I.-Based Functions to Trading Engine Overbond, a vendor focused on automation for credit trading, reports that it has added an artificial intelligence-based margin optimization function to its automated trading system to help sell-side, fixed income desks “optimize their hit ratio and increase the profitability of automated fixed income trading,” officials say. Currently, automated… Read More >>
Can SWIFT Make Post-Trade Ops More Transparent?
SWIFT is strongly urging that the industry adopt Unique Transaction Identifiers (UTIs) as a way to bring more transparency to post-trade processing. The new UTI support would come via the SWIFT Securities View capability, which has had a successful pilot test, dubbed the “SWIFT Securities Tracking Pilot,” according to officials of the financial messaging, systems,… Read More >>
Nasdaq Overhauls Its Corporate Structure & Other News
Nasdaq Sets Up Three New Divisions Nasdaq has announced that it is reorganizing its business units into three divisions that better reflect “the foundational shifts” of the global financial system and will help the exchanges company better serve client needs. The three new business divisions are Market Platforms, Capital Access Platforms, and Anti-Financial Crime, officials… Read More >>
Corporate Actions Meets DLT via SWIFT & Other News
American Century, Citi & Vanguard Join SWIFT Project SWIFT, the global financial messaging, systems, and services cooperative, reports that it is “collaborating with seven securities players — including asset managers and custodians American Century Investments, Citi, Vanguard and Northern Trust — to drive efficiencies in communicating significant corporate events.” The corporate actions project is based… Read More >>
Broadridge Targets Proxy Voting in Denmark & Other News
Proxy Solution Supports New Shareholder Rights Broadridge Financial Solutions reports that it has begun live operations of a “golden copy” event notification and direct vote execution service that is intended to streamline proxy voting in Denmark, The service is the result of a collaboration between Broadridge and Danish central securities depositary Euronext Securities Copenhagen, and… Read More >>
Insurance Investment Managers Can Optimize PE Returns: Q&A
(FTF News recently got time with Stan Szczepanik, managing director and head of insurance solutions at SS&C Technologies, and Scott Kurland, managing director at SS&C, who took questions about key trends facing insurance company investment portfolios — complex portfolios, a growing convergence between private equity (PE) and insurance entities, and the ways that artificial intelligence… Read More >>
Prime Trading Taps Iress to Cut Data Latency
Proprietary trading firm Prime Trading has implemented solutions from Iress — formerly QuantHouse — to access key data feeds and transaction support services via application programming interface (API) links that boost data quality, cut data latency, and bring down costs, officials say. “Previously, during peak moments of high market volatility, Prime Trading experienced data latency… Read More >>
Google Cloud Tapped for Climate FinTech & Other News
MAS & Google Launch Climate FinTech Initiative The Monetary Authority of Singapore (MAS) and Google Cloud report that they are launching an initiative “to drive the innovation, incubation, and scaling of climate FinTech solutions in Asia.” The Point Carbon Zero Program is “a collaboration under MAS’ Project Greenprint,” that will spur climate FinTech solutions to… Read More >>
Why Post-Trade Data Is Key to Digitization
(Firms engaged in securities trading are being pressured to undergo a digital transformation as soon as possible. It’s no surprise then that some firms are contemplating a big bang overhaul. But that would not be in a firm’s best interest, says Justin Llewellyn-Jones, head of capital markets, North America (equities and derivatives), Broadridge Financial Solutions…. Read More >>
Should Risk & Resilience for Ops Be One?
Should the securities operations industry rethink the gap between operational resilience and operational risk? Should those working in operations bring the two disciplines closer together, and by doing so, develop a stronger architecture for securities operations? Those are the questions that Guy Warren, CEO at ITRS Group, is pondering and he wants you to ponder… Read More >>
