Cloud computing provider Amazon Web Services (AWS) experienced a global outage that began early Monday morning, Oct. 20, and disrupted online services for many sectors and thousands of websites that are highly dependent upon AWS services. During the crisis, AWS officials provided detailed operational updates on their website and initially suggested the outage was caused… Read More >>
Mereo Insurance Taps Northern Trust Asset Servicing
A new reinsurance firm, Mereo Insurance Ltd., has tapped Northern Trust Asset Servicing to provide custody services and institutional brokerage solutions, which means that it will act as a broker for Mereo’s trade execution needs, officials say. In addition, the Northern Trust Asset Management (NTAM) unit will manage “a portion of Mereo’s fixed income portfolio… Read More >>
INDATA Bolsters Key Offerings via A.I. Tools
INDATA, a software and services provider for the buy side, has enhanced its order management system (OMS), portfolio accounting/reporting support, and manager/client portal offerings in an effort to offer productivity improvements for its clients, officials say. The provider of cloud-native, software-as-a-service (SaaS) technology and managed services is offering the following improvements: INDATA AI Agent for:… Read More >>
Revamped & Rebranded ‘Vistra Fund Solutions’ Launches
Vistra, a provider of business services for funds, has launched Vistra Fund Solutions, a global offering derived from Vistra’s acquisition of the fund administration and transfer agent business of Phoenix American Financial Services, Inc. last year, officials say. “We have reorganized our service delivery to embed a client-centric service culture that is underpinned by a… Read More >>
Evidology Systems Applies A.I. to Compliance & Other News
QED Platform Uses A.I. for Deeper Analysis Regulatory technology provider Evidology Systems reports that the company is using artificial intelligence (AI) technology to implement extensions of its core QED (Quality and Evidence Driven) platform to enable scenario analysis of its underlying model “inside third-party applications and workflows.” The QED platform is a “unique combination of… Read More >>
JPM Asset Management Taps JPM Securities Services
Following a two-year search, JPMorgan Asset Management (JPMAM) officials report that they will be outsourcing to JPMorgan’s Securities Services division an updated set of global operations that will encompass middle office services, collateral management, and risk analytics. The move means that there will be a definite swing to a more flexible model for services that… Read More >>
Westwood Outsources Trading to Northern Trust
Northern Trust to Manage Equity & Bond Trading Westwood Holdings Group, a Dallas, Texas-based investment management boutique and wealth management firm, will be outsourcing portions of its equity and fixed income trading, and middle-office trade settlement support to custodian and service provider Northern Trust, officials say. The firm is using Northern Trust’s services “to optimize… Read More >>
More Asset Managers Mulling Outsourcing Trading: Survey
A telling number of asset managers and asset owners are considering using a third-party provider to place and work orders in financial markets via brokers and trading venues, according to a survey on outsourcing conducted by custodian BNP Paribas Securities Services and consultancy Sionic. The survey of 30 investment managers, conducted in February and March… Read More >>
Buy-Side Firms Are Embracing Outsourced Trading: Report
Buy-side firms are warming up to the use of outsourced trading desks as a recent study via Greenwich Associates, a market research firm, is showing that more firms are turning to these services and reporting high levels of satisfaction. However, some firms are still resisting the charms of outsourced trading and want to retain control… Read More >>
Firms Want Scalability via Cloud-Based Ops: Q&A
(Some financial services firms are still reluctant to hand over control of key aspects of back-office operations, says Al Castillo, senior director, solutions management at SS&C Advent, in his recent interview with FTF News. However, the scalability that the cloud provides usually wins them over. Castillo is responsible for the North American cloud delivery and… Read More >>
