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 >>
Industry Cries Out for Bitcoin & Blockchain Reality Checks
Bitcoin futures contracts launched Monday, Dec. 18, via the CME Group to a mix of fanfare and skepticism about the crypto currency and the underlying infrastructure that are captivating securities operations. Reflecting the concerns of many, ING analysts posted an analysis Sunday, Dec. 17, “Why Bitcoin is Destined to Become a Niche Asset,” that advocates… Read More >>
New Collateral Management Strategies Require New Building Blocks
Post-crisis regulation and competitive market conditions have forever changed the collateral management process for securities trading firms. The push to develop new collateral optimization strategies has often uncovered major problems within a firm’s own systems and processes. Most firms have had to move quickly to revamp their internal systems and craft new collateral management operations… Read More >>
Cargill Fined $10M for Alleged Swaps Trading Violations
The CFTC reports that it has simultaneously filed and settled charges against Cargill, alleging that the Minnesota-based agricultural, commodity, and financial services giant sent swaps counterparties and a swaps data repository (SDR) “inaccurate marks” that obscured “up to ninety percent of Cargill’s mark-up.” The settlement order means that Cargill, Inc. will pay a $10 Million… Read More >>
Opus Launches GDPR Compliance Solution
Opus Targets GDPR Third-Party Requirements Opus, a vendor of compliance and risk management solutions, has launched the Third Party GDPR Compliance solution, created to “identify and manage General Data Protection Regulation (GDPR) risk in third-party relationships,” officials say. “The European Union’s General Data Protection Regulation, which comes into force on May 25, 2018, is a… Read More >>
MiFID II Requires a Strategy Not Just Tactics: Q&A
(Editor’s note: The MiFID II deadline and reforms are hitting home for many non-European firms and they have to decide whether to take a tactical versus strategic approach to overhauling IT and operations, says Gaurav Chandra, product manager for AxiomSL. The company, which offers regulatory reporting and risk management solutions, bases its offerings on an… Read More >>
FTF Awards Q&A: Regulatory Uncertainty Ahead
(Editor’s note: In this Q&A, Steve O’Hanlon, CEO of Numerix, reviews some key trends and events of 2016, and looks forward to the rest of this year and beyond. For the road ahead, O’Hanlon foresees a lot of regulatory uncertainty, which will complicate many matters. Numerix won the Best Pricing or Valuation Solution award of… Read More >>
Four Big Brokers Charged with Market Access Misdeeds
Deutsche Bank Securities Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC, and Interactive Brokers LLC have been censured and fined a total of $4.75 million for violations of various provisions of the market access regulations (rule 15c3-5 of the Securities Exchange Act of 1934) and “related exchange supervisory rules,” according to a statement by… Read More >>
Australian Firm to Use Eagle Platform for Data & Performance Management
QIC Moves Away from Global Custodian QIC, the Australian investment fund for the Queensland government, will be using cloud-based data management and performance measurement solutions from Eagle Investment Systems, which marks a move away from a global custodian that had been providing outsourced data and performance measurement functions. The firm, which has A$81 billion in… Read More >>
Time to Closely Vet Your SaaS Counterparties
(Editor’s note: Industry veteran John O’Hara is the CEO and co-founder of Taskize, a provider of smart directory and intelligent technology offerings, intended to enhance middle-and back-office control, efficiency and risk management. FTF News spoke to him about software-as-a-service (SaaS) solutions and the vulnerable digital footprints that end-users can leave behind. If not protected, the… Read More >>
