The Consolidated Audit Trail (CAT) had a controversial path on the way to becoming a key weapon of U.S. market regulators in their fight against the manipulation of financial markets and other abuses that leave an electronic trail. But it looks as if the CAT surveillance system might be on a challenging path again, as… Read More >>
INDATA Bolsters Key Offerings via A.I. Tools
INDATA, a software and services provider for the buy side, has enhanced its order management system (OMS), portfolio accounting/reporting support, and manager/client portal offerings in an effort to offer productivity improvements for its clients, officials say. The provider of cloud-native, software-as-a-service (SaaS) technology and managed services is offering the following improvements: INDATA AI Agent for:… Read More >>
Tariff Turmoil Creates Big Clearing & Settlement Spikes
(Global financial markets entered into new levels of volatility over the past month as a result of the Trump administration’s tariff agenda. The impacts stretch from the front office to the middle- and back-office teams and enterprise-wide IT infrastructures. While firms grapple with shifting investor demands and significant market churn, their systems, infrastructures, and strategies… Read More >>
Finastra Takes Aim at MT-to-ISO 20022 Translations
Finastra, a provider of financial services software applications, recently launched its Transformation Service in support of the translation of MT formatted messages to the new ISO 20022 MX messaging standard. The new service is intended to help firms with financial messaging cooperative Swift’s migration from MT to MX ISO 20022 messaging standards. “The Transformation Service… Read More >>
Clearwater Analytics Finalizes $560M Beacon Acquisition
Clearwater Analytics, a provider of investment accounting software-as-a-service (SaaS) solutions, has completed its $560 million acquisition of Beacon Platform Inc., a maker of enterprise risk analytics, in a move intended to strengthen the range of Clearwater’s offerings, officials say. In March, Clearwater officials announced that they intended to “acquire Beacon for an aggregate purchase price… Read More >>
‘SIX Fixed Income Data’ Offers Centralization & Integration
SIX, a global financial data and market infrastructure provider, has launched SIX Fixed Income Data, a set of offerings that includes pricing, reference data, corporate actions, and underlying source documents intended to help participants in global fixed income markets centralize this key data, officials say. SIX is aiming the solution set at banks, asset managers,… Read More >>
SEC Publishes Data & Analysis on Key Groups
The Securities and Exchange Commission (SEC) is doing its part to offer more transparency into capital markets via its Division of Economic and Risk Analysis (DERA), which has published new data and analysis on public issuers, exempt offerings, commercial mortgage-backed securities (CMBS), asset-backed securities (ABS), money market funds, and security-based swap dealers (SBSD). DERA officials… Read More >>
Chilean Firm Taps BBH for Custody & Fund Services
Asset servicing provider Brown Brothers Harriman (BBH) has been tapped to provide custody and fund order services for a Chilean insurance company, Compañia de Seguros Confuturo SA, which, in its role as an institutional investor, oversees $2 billion in assets abroad, officials say. “Confuturo’s investments abroad have increased significantly, as has the diversity of instruments,… Read More >>
Firms Are Not Ready for Autonomous A.I.: SS&C Survey
A new survey from SS&C Technologies finds that artificial intelligence, particularly in its more advanced iterations, has captured the imagination of executive and senior IT and operations managers at financial services firms. However, firms need to do much more groundwork, such as building “the foundations — governance, trust, skills, readiness and more” before embracing advances… Read More >>
Flexibility Is Key to Optimal Client Reporting: FactSet
(P. McKay Marschalk Jr., CFA, vice president, director, reporting and distribution product management at FactSet, took time out of his busy schedule to answer questions about current data demands, outsourcing vs. internal control, third-party databases and questionnaires, and FactSet’s embrace of a generative A.I. commentary solution. The through-line for all of these concerns is maintaining… Read More >>
