Citi Investor Services, which offers post-trade, custody, and asset-servicing solutions for institutions, announced at the Sibos conference last week that it has updated its Market Guide platform with the intention of delivering A.I.-based post-trade market intelligence faster and with more actionable insights, officials say. The enhanced Market Guide platform “covers information from over 100 custody… Read More >>
LSEG Advances to ‘Super Validator’ for the Canton Network
The Canton Network, a blockchain network, has appointed the LSEG as a Super Validator, which expands LSEG’s existing role as a validator through the cash application of LSEG’s Digital Settlement House (DiSH) on Canton, officials say. “As a Super Validator, LSEG will help strengthen Canton’s infrastructure, support network governance, and collaborate with ecosystem participants. LSEG… Read More >>
Clearing U.S Treasurys Means More Data Touchpoints
The U.S. Treasury market is about to go through one of the largest structural transformations in decades. Under the US Securities and Exchange Commission (SEC) central clearing rules, a massive influx of cash and repo market transactions must migrate to central counterparties (CCPs) such as the Fixed Income Clearing Corp. (FICC), ICE Clear Credit, and… Read More >>
LSEG’s Open Risk Analytics Available via Maas Marketplace
LSEG officials say that Open Risk Analytics offering, part of its Post Trade Solutions business, is available via its Models as a Service (MaaS) marketplace, a move intended to expand client access to quantitative risk models. A hosted service, the Open Risk Analytics offering can be delivered via LSEG’s Analytics application programming interface (API), which… Read More >>
Task Force Takes On Global Post-Trade Woes
The Bank of England is setting up a task force to implement the recommendations of a special panel that focused last year on the $20 billion spent annually on a “patchwork of manual or outdated technological processes” that support post-trade operations at firms across the globe. The Post‑Trade Technology Market Practitioner Panel of the U.K.’s… Read More >>
Money Laundering Analysis Needs AI & ML: Q&A
(Editor’s note: False positives are a problem for financial services firms implementing know your customer (KYC) and anti-money laundering (AML) systems, says Arin Ray, a senior analyst with the Securities and Investments practice of market research firm Celent, a division of Oliver Wyman. Ray is the author of the recent Celent report, “Applying Advanced Analytics… Read More >>
SS&C Advent’s Moxy & APX Get New Data Links
SS&C Technologies Holdings, Inc. has created a new layer of data integration between its Advent Moxy trade order management system (TOMS) and Advent Portfolio Exchange (APX) offerings that will allow end-users to set up automatic, real-time synchronization of common data that will let front- and back-office staff work from the same, current information. The data… Read More >>
Broadridge Grows Canadian Business via RPM Purchase
Post-trade systems and services provider Broadridge Financial Solutions, Inc., is bolstering its Canadian wealth management business by acquiring RPM Technologies, a Toronto-based enterprise wealth management software solutions and services vendor, for approximately $300 million from RPM’s owner private equity firm Bayshore Capital Inc. Broadridge reports that it has signed a purchase agreement to acquire RPM’s… Read More >>
JPMorgan Explores New Blockchain for Debt Issuance
JPMorgan Tests Involve National Bank of Canada JPMorgan tested “a new blockchain platform” for debt issuance with the National Bank of Canada and other large financial services firms, officials announced on April 20. JPMorgan is “is seeking to streamline origination, settlement, interest rate payments and other processes,” according to an official statement. For the test,… Read More >>
SIX Securities, Clearstream Partner to Target Ops Woes
SIX Securities Services, the Swiss central securities depositary (CSD), and Clearstream, an international CSD, are joining forces to develop new services and solutions to better combat tighter regulation, reduced margins and increased competition. It has been well documented that regulation such as the E.U.’s Markets in Financial Instruments Directive II (MiFID II) and the European… Read More >>
