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 >>
Gresham & Alveo Merge to Offer More Data Services
Following a complex set of financial maneuvers, data reconciliation vendor Gresham Technologies has merged with Alveo, a market data integration and analytics solutions provider, via a transaction that Alveo’s majority owner private equity firm STG Partners helped make happen, officials say. In fact, before the current merger, STG Partners and Alliance Bidco, a company owned… Read More >>
Tokenized Securities Offer Many Ops Benefits
(The digital overhaul for securities trading and operations is moving quickly to the next chapter facilitated by blockchains, cryptocurrencies, tokenization, and more. To help those working in traditional securities operations, FTF News reached out to Thomas Sullivan, managing director-head of business development for digital assets at Societe Generale. Sullivan agreed to provide explanations on the… Read More >>
M&G Investments Picks Clearwater Analytics
London-based M&G Investments, an international asset manager and part of M&G plc has tapped Clearwater Analytics for its software-as-a-service (SaaS) investment accounting solution for investment accounting and reporting, officials say. The Clearwater Analytics offerings encompass investment management, accounting, reporting, and analytics solutions. “The Clearwater platform will automate investment management and regulatory reporting and support the… 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 >>
IPC & VoxSmart Partner to Improve Transcriptions
IPC Systems, a trading communication and multi-cloud connectivity provider, is collaborating with VoxSmart, a communications surveillance company, to improve multilingual transcription technology for financial services firms, officials say. The collaboration will involve artificial intelligence (AI) technology and “real-life conversations had by capital markets professionals,” officials say. The partnership is intended to yield “a 50-fold increase… 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 >>
NYSE Council to Explore A.I. & Other Technologies
The New York Stock Exchange has launched the NYSE Tech Council, a group of senior technology leaders that will explore best practices for artificial intelligence, cybersecurity, and other cutting-edge technologies. “The council will be comprised of chief technology officers, chief information officers and other C-suite technology leaders from NYSE-listed companies,” according to the announcement. “With… Read More >>
Corlytics Buys RegTech Platform from Deloitte U.K.
Corlytics hopes to bolster its industry standing as a regulatory compliance provider via the acquisition of a digital, regulatory technology platform and associated staff members from Deloitte U.K. The Deloitte U.K. news follows the announcement last month that private equity firm Verdane made a majority stake investment in Corlyitcs, a transaction managed by investment bank… Read More >>
Why Manual Sanctions Screening Misses the Mark
(Too many compliance teams at financial services firms rely on spreadsheets and manual processes or internally developed systems to sift through securities data to find sanction risks. But these systems can miss the mark in monitoring and tracking exposures across entities, say officials at Innovative Systems, Inc., the maker of the FinScan offerings for anti-money… Read More >>