(Ambika D’Souza, CIPM, CSPO, is serving as the chairperson for Financial Technology Forum’s Performance Measurement & Client Reporting conference and is an advisory board member for the FTF event on Feb. 29. D’Souza agreed to do a Q&A about her more than 25 years of performance and analytics experience. She was formerly a vice president… Read More >>
MUFG Launches a Major Foray into Asset Management
Mitsubishi UFJ Financial Group (MUFG) quietly announced what could turn out to be a major wave in the global asset management industry. MUFG, the holding company for commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing services, recently announced that it has begun implementing an asset management (AM) business strategy that… Read More >>
ETF Industry Braces for T+1 Ops Headaches
U.S. regulators are leaving it to the $10 trillion exchange-traded fund (ETF) industry to devise solutions for securities operation headaches arising from the North American transition to T+1 settlement scheduled for May 28 of this year. The International Securities Services Association (ISSA) says it has had some “useful discussions” with the U.S. Securities Exchange Commission… Read More >>
Demand for Crypto ETP Custody Is Rising: Q & A
(On Jan. 10, the Securities and Exchange Commission (SEC) approved the listing and trading of several spot bitcoin exchange-traded product (ETP) shares, including exchange-traded funds (ETFs). The Grayscale Bitcoin Trust (GBTC) became the first among many bitcoin-based ETP offerings to hit the market. As more cryptocurrency-based, decentralized finance (defi) instruments are launched, many are wondering… Read More >>
Harbor Capital Advisors Implements Geneva Managed Services
Asset manager Harbor Capital Advisors implemented Geneva Managed Services from SS&C Technologies last month and will be using application programming interfaces (APIs) to integrate Geneva with the firm’s deployment of the SS&C Eze OMS (order management system), officials say. The Geneva offering helps firms manage asset classes and multi-currency portfolios via a single system. The… Read More >>
Broadridge Applies A.I. to the Post-Trade Lifecycle
Broadridge Financial Solutions is launching what it is calling “a holistic natural language interface” that will reach across the post-trade lifecycle to help operations staff members, analysts, and management teams interrogate and revamp operations via the capabilities of artificial intelligence (A.I.). This new capability has been branded OpsGPT and is based on Generative A.I. (GenA.I.)… Read More >>
Nominations Are Open for the 2024 FTF Awards!
Financial Technologies Forum (FTF) has launched the nomination process for the 2024 FTF News Technology Innovation Awards competition, which recognizes the operational excellence of professionals, financial technology vendors, service providers, and industry bodies that had significant achievements in the 2023 calendar year. The winners of the FTF Awards competition are chosen by their peers in… Read More >>
Europe’s T+1 Lag Could Spur Global Settlement Disarray
The impending switch to T+1 settlement in North America scheduled for May 28, 2024, has raised concerns in Europe, where market participants report a lack of international testing. Although not officially moving to T+1 just yet, Europe launched its T+1 taskforce led by the Association for Financial Markets in Europe (AFME) in March last year. In early conversations… Read More >>
Time to Buy Not Build an OMS?
(Global banks and other sell-side firms face “a technological fork in the road” when it comes to order management systems (OMSes), according to a recent report, “The Future State of Global OMS,” from market research firm Datos Insights. “Sell-side firms … will need to reevaluate the value proposition of their existing OMS architecture and determine… Read More >>
Davy Capital Markets Deploys Torstone Platform
Dublin-based brokerage Davy Capital Markets has gone live with the Torstone Post Trade Platform for middle- and back-office processing to bolster the Davy Group division’s operational efficiency and regulatory compliance, officials say. The Software as a Service (SaaS) platform is from Torstone Technology, a post-trade securities and derivatives processing provider, based in London. “This successful… Read More >>
