For nearly everything that broker-dealers and other market participants want to know about the clearing of U.S. Treasury securities, officials at the Division of Trading and Markets of the Securities and Exchange Commission (SEC) have compiled a set of Frequently Asked Questions (FAQs). The level of interest in the clearing of U.S. Treasuries is peaking… Read More >>
Wedbush Securities Launches 24-Hour Trading
Wedbush Securities, a brokerage and investment advisor firm, reports that it has launched 24-hour trading capabilities that clients are using to access markets around the clock, particularly those operating in Asia-Pacific time zones, officials say. Wedbush offers market access across overnight, pre-market, core, and post-market sessions via partnerships with Blue Ocean Technologies and OTC Markets… Read More >>
Trump’s Team Pushes Hard for Crypto Regulatory Overhaul
The new Trump administration’s crypto- and digital asset train is moving full speed ahead to help Trump deliver on a campaign promise to make the USA the “crypto capital of the planet.” The impact on the securities industry and operations could be profound as the Trump team wants to fast-track innovation, new rules, guardrails, and… Read More >>
Rathbones Group Deploys Xplan from Iress
The London-based Rathbones Group is live on the Xplan advice software from financial technology provider Iress to support Rathbones’ financial planning business, officials say. Financial services firm Rathbones provides individual wealth management, asset management and related services to private clients, charities, trustees and professional partners, officials say. “Xplan will also be the financial planning platform… Read More >>
SEC Launches Interagency Effort to Bolster Enforcement
The Securities and Exchange Commission’s Division of Enforcement has launched the Interagency Securities Council (ISC) to better coordinate enforcement among federal, state, and local agencies, SEC officials say. The ISC will involve representatives from “more than 100 departments and agencies, including federal agencies, state offices of attorneys general and state police, and local police departments… Read More >>
BNP Paribas Adds Analytics to FX Credit Allocation
French banking giant BNP Paribas has added to a solution that it’s using to streamline the allocation of credit for FX transactions between banks — Dynamic Credit from CobaltFX — with the deployment of the CobaltFX Analytics offering, officials say. The newly launched CobaltFX Analytics offering builds on the Dynamic Credit product, which has been… Read More >>
NYSE Equities Trading Hit By Temporary Glitch
Equities trading via the New York Stock Exchange (NYSE) got off to a rocky start on Monday, June 3, causing transaction halts for as many as 40 symbols listed on NYSE Group exchanges, officials say. The glitch was resolved before Noon EST. “After the market opened on the morning of June 3, 2024, a technical… Read More >>
Plenitude Consulting Acquires Contineo
Plenitude Consulting, a financial crime risk and compliance company, intends to strengthen its advisory and data analytics offerings with the acquisition of Contineo Financial Risk Solutions Ltd., a specialist financial crime compliance (FCC) provider, officials say. Plenitude Consulting, based in London, is not disclosing the financial details of its acquisition. However, the company will be… 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 >>
How to Survive the Recordkeeping Crackdown
The Securities and Exchange Commission’s (SEC) December 2021 announcement that J.P. Morgan Securities LLC had been fined $125 million for allegedly violating the agency’s recordkeeping rules amounted to a shot heard up and down Wall Street. The market regulator made clear that it took breaches of recordkeeping regulations seriously, and that the J.P. Morgan penalty… Read More >>
