‘Commission-Management-As-A-Service’ Debuts Commcise, a provider of integrated commission management, research evaluation, consumption tracking and reporting solutions for investment management and brokerage firms, reports the launch of CommciseCM, a stand-alone, cloud-based commission management platform designed to help U.S. asset managers and hedge funds obtain a “full commission wallet view of their entire trading activity.” CommciseCM, majority-owned… Read More >>
BNY & AcadiaSoft Focus On the CM Maze: Q&A
(Custodian bank BNY Mellon is teaming up with collateral management software and services vendor AcadiaSoft to offer an outsourced service that supports margin calculations for non-cleared derivatives. This is an effort to help buy-side derivatives market participants “fully outsource their entire non-cleared margin workflow, via the market’s first end-to-end collateral solution developed by BNY Mellon,”… Read More >>
New SmartStream Team to Investigate AI for Ops
SmartStream Creates ‘Innovations Team’ SmartStream Technologies, which characterizes itself as a financial transaction lifecycle management provider, reports that its new “innovations team” is “working with financial institutions to optimise workflows, using Artificial Intelligence (AI), Machine Learning (ML) and blockchain technologies, in the areas of reconciliations, cash management and fees and expense management.” The new… Read More >>
Spanish Firm Revamping Ops via IBOR
A major wealth and asset management firm in Spain, CaixaBank Asset Management, is revamping front-to-back office operations via an Investment Book of Record (IBOR) approach that uses one source of real-time data, delivered enterprise-wide for positions, cash and exposure. The firm will be using a SimCorp Dimension-based IBOR to address its data management issues, and… Read More >>
SS&C Buys North American Branch of CACEIS
Investment solutions and services giant SS&C Technologies Holdings, Inc. is acquiring CACEIS North America, the fund administration business of CACEIS, for an undisclosed amount and will be folding the business and staff into SS&C GlobeOp’s alternatives business. The parent company, CACEIS, describes itself as a Paris-based asset servicing group of Crédit Agricole bank, “providing execution,… Read More >>
DTCC Works with Taskize on an Exception Manager
An exception manager solution from the Depository Trust & Clearing Corp. (DTCC) is incorporating technology from a vendor known as Taskize whose offering helps securities operations teams quickly resolve post-trade exceptions. The DTCC Exception Manager helps market participants “publish, manage and communicate exceptions throughout the trade lifecycle,” officials say. The offering sets up a central… Read More >>
FTF Awards Q&A: Electra Wins Best Reconciliation Solution
(Editor’s note: The following Q&A with John Landry, CEO for Electra Information Systems, follows the company being voted “Best Reconciliation Solution” by our readers and industry professionals participating in the FTF News Technology Innovation Awards competition. “The award affirms the value of our working closely with clients to extend the capabilities of Electra Reconciliation,” Landry… Read More >>
SEI Picks Milestone Group Platform for OCIO Business
SEI, a provider of asset management and investment operations solutions, has decided to use a multi-asset software platform from the Milestone Group to bolster its outsourced chief investment officer (OCIO) efforts. OCIO services vary by provider and can include: asset allocation advice; manager monitoring, research and selection; trust and custody services; and administration services, according… Read More >>
High Ops Cost Could Kill the Business
(Editor’s note: Christian Nentwich, PhD, is the CEO, co-founder and director of Duco, a London-based financial technology provider of hosted reconciliation services. Nentwich has more than a decade of experience with financial technology and processes, and “a track record of delivering innovative solutions to the market,” according to his bio. Before Duco, he served as… Read More >>
Luxembourg Bank Tackles IRS Reporting Regs
BCEE Implements SmartStream’s Corona Banque et Caisse d’Epargne de l’Etat of Luxembourg (BCEE) has implemented a way to help the bank meet reporting and audit trails regulatory requirements of the Internal Revenue Service (IRS) that have a tight turnaround time. In general, banks only have a few weeks to reconcile annual data before the legal… Read More >>
