(Bloomberg recently launched a service — Digital Asset Exposure Analytics — that provides views into direct and indirect digital asset exposure for spot currencies, futures, options, and equity tickers for companies engaged in crypto activities and funds holding these assets. The new service is intended to help firms such as asset managers, discern whether crypto… Read More >>
State Street and SS&C Revamp IFDS in Europe
State Street Corp. and SS&C Technologies plan to restructure the European components of their record-keeping solutions and business process outsourcing joint venture, dubbed International Financial Data Services (IFDS), but will keep their IFDS Canada effort intact for North American markets, officials say. IFDS Canada, Ireland, and Luxembourg are 50/50 joint ventures between State Street and… Read More >>
KDPW Revamps LEI Website & Issuance Application
The Central Securities Depository of Poland KDPW (Krajowy Depozyt Papierów Wartościowych) has revamped its website and issuance application for Legal Entity Identifiers (LEIs), intended to streamline the creation and usage of LEIs, officials say. The changes are available via the established website address: https://www.lei.kdpw.pl/ The LEI is “a 20-character alpha-numeric globally unique legal entity identifier… Read More >>
Advyzon & StoneX Collaborate on Wealth Management
Advyzon Enterprise Solutions is partnering with the Correspondent Clearing division of StoneX Financial Inc. to bring Advyzon’s technology platform and portfolio management solution to StoneX’s introducing broker-dealers and financial advisors, officials say. A wholly owned subsidiary of StoneX Group Inc., StoneX Correspondent Clearing is a financial services firm that provides global market access, clearing and… Read More >>
Euroclear to Deploy BBH’s IDS Platform
Asset servicing provider Brown Brothers Harriman (BBH) is working with Euroclear, the Brussels-based international central securities depository (ICSD), to provide SWIFT message transformation and network connectivity for Euroclear’s new Bilateral Repo service, officials say. “Enabling repo market participants’ connectivity to multiple custodians is a key attribute of this new service and provides highly sought-after depository… Read More >>
FINRA Warns Against Fraudsters Using Gen A.I.
FINRA, the self-regulatory organization for broker-dealers, recently issued a guidance about how generative artificial intelligence “is making it easier for bad actors to fraudulently open new accounts using investors’ identities and to improperly gain access to investors’ accounts.” Investment fraud that uses A.I. “is on the rise” because Gen A.I. “is a type of A.I…. Read More >>
SEC & CFTC Prioritize Crypto Regs Creation
The Securities and Exchange Commission and the Commodity Futures Trading Commission (CFTC) are following up on their recent announcements to move quickly on cryptocurrency regulation just as industry providers are getting on the crypto train. The SEC is offering more details about the mission of its special Crypto Task Force and the CFTC will be… Read More >>
EDI Expands Investment Fund Reference Services
Exchange Data International (EDI), a provider of global securities data, has added 22 countries to its investment fund reference data service coverage to meet the needs of wealth management companies with investment funds in their client portfolios that need reference and corporate data for updates, officials say. The additional coverage is available now. “We have… Read More >>
SIX Service Supports Crypto & Traditional Collateral
Officials at SIX have announced that their new Digital Collateral Service (DCS) will help financial institutions “post selected cryptocurrency assets as collateral alongside traditional collateral.” The DCS targets clients that need to “manage traditional securities and cryptocurrency collateral,” according to the SIX announcement. “Firms managing both bonds and bitcoin, for example, can now post both… Read More >>
Ondo Finance Previews Tokenization Platform
Ondo Finance, a maker of blockchain-based financial infrastructure offerings, unveiled a tokenization platform, dubbed Ondo Global Markets, for publicly-traded securities, and Ondo Chain, a new Layer 1 blockchain for “institutional-grade, on-chain financial markets,” officials say. The offerings to come were announced on Feb. 6 at the Ondo Summit in New York City, which also included… Read More >>
