A new report backed by regulators and financial services industry groups aims to set the stage for using tokenized bank liabilities and shared ledgers in cross-border payments and foreign exchange (FX) settlement. The initiative falls under Project Guardian, a global effort led by the Monetary Authority of Singapore (MAS) to enhance liquidity and efficiency in… Read More >>
DNA Brokerage Launches Broker-Dealer Affiliate
Independent introducing broker DNA Brokerage LLC has launched an affiliate broker-dealer, DNA Securities, which will allow the combined companies to offer futures services and securities trading solutions to institutional customers, officials say. “DNA launched its futures brokerage services in August 2024. Driven by customer demand, DNA has expanded its services to include the introduction of… Read More >>
A.I. Is a Force Multiplier for Ops Teams: SS&C
(Applying artificial intelligence (A.I.) to securities operations is “definitely a force multiplier,” says Rob Stone, senior vice president and general manager of intelligent automation and analytics at SS&C Technologies, in this FTF News Q&A. For the past two years, Stone has been getting to know all that SS&C Blue Prism can do for A.I.-powered automation,… Read More >>
SEC Chair Declares New Era of Reasonable Deadlines
“The days of unreasonable deadlines have passed,” declared SEC Chairman Paul S. Atkins late last month. The head of the SEC was referring to the commission’s vote to extend the compliance date to June 30, 2026, for the amendments to the broker-dealer “Customer Protection Rule (a.k.a. Rule 15c3-3).” “This extension will provide more time for… Read More >>
AutoRek Launches Recs Platform for Crypto Ops
AutoRek, a provider of automated reconciliation and financial control solutions, has launched Mion, a data management and reconciliation platform targeting a gap in the market for financial institutions — cryptocurrency and digital asset operations, officials say. Mion offers “unprecedented precision” because it offers “processing up to 20 digits before and 18 after the decimal point… Read More >>
Mereo Insurance Taps Northern Trust Asset Servicing
A new reinsurance firm, Mereo Insurance Ltd., has tapped Northern Trust Asset Servicing to provide custody services and institutional brokerage solutions, which means that it will act as a broker for Mereo’s trade execution needs, officials say. In addition, the Northern Trust Asset Management (NTAM) unit will manage “a portion of Mereo’s fixed income portfolio… Read More >>
Partior Links to OSTTRA’s FX PvP Settlement Service
Partior, a provider of DLT-based wholesale settlement for tokenized instruments, has a new link to the on-demand FX payment-versus-payment (PvP) settlement service from OSTTRA and Baton Systems, officials say. The new integration between Baton’s and Partior’s DLT-based systems “expands participants’ options for settling FX transactions with PvP protection to include using tokenized commercial bank facilities…. Read More >>
Sifma & Arteria AI Take On U.S. Treasury Clearing
It’s fascinating when solutions based on artificial intelligence (A.I.) can transform a manual process into something that is not only automated but completely redesigned. As many of you know, the Securities and Exchange Commission (SEC) is requiring the centralized clearing of U.S. Treasury securities repurchase transactions, with the first compliance deadline being Dec. 31, 2026,… Read More >>
Calero Automates the Management of LSEG Entitlements
Automation has come to the management of the London Stock Exchange Group’s Refinitiv Data Platform (Hosted) via a new application programming interface (API) link and eBonding capabilities from Calero, a solutions provider for managing the cost and compliance of market data, officials say. The Calero support is intended to help heads of market data and… Read More >>
30% of E.U. Firms Have No T+1 Plans
Almost three in 10 firms have yet to begin any planning for Europe’s T+1 transition, scheduled to take effect on Oct. 11, 2027, according to a new research report, with a further two in ten — representing 19 percent of respondents — still in the process of scoping the necessary work. The remaining firms, however,… Read More >>
