Financial systems connectivity vendor Centroid Solutions reports that it is offering retail brokers new, cost-effective market data connections by integrating a key Centroid offering with application programming interfaces (APIs) from software and systems provider Iress. The new links bring the real-time pricing of exchange-traded products and related transactions to Centroid’s client base, officials say. The… Read More >>
FTF & the VX Launch the FTF Research Institute!
FTF officially launched the FTF News service on Valentine’s Day 2011, and I’m happy to say that 12 years later, we are still going strong. Perhaps for the sake of inviting good luck, on Valentine’s Day 2023, FTF and the ValueExchange (the VX) officially launched the FTF Research Institute, formed through a new partnership with… Read More >>
SEC Approves Amendments to Allow T+1 Settlement
The SEC’s commissioners voted 3 to 2 on Wednesday to pass a set of amendments and new rules that would facilitate an industry-wide move from the current trading day plus two (T+2) settlement cycle to the shorter, one-day, T+1 time frame for U.S. equity markets. The vote also endorsed a compliance date of May 28,… Read More >>
CFTC Picks a New IT Infrastructure Contractor
The Commodity Futures Trading Commission (CFTC) reports that it has transitioned core IT infrastructure and operations support services to GovCIO, an IT and digital solutions provider to the federal government, replacing General Dynamics IT (GDIT), which had been serving the regulator since 2015. The CFTC’s $139 million, 10-year contract with GovCIO is not an outsourcing… Read More >>
Northern Trust Consolidates Firefighter Pension Funds & Other News
300 Pension Funds Rolled into FPIF Northern Trust played a key role in a pension consolidation project that pulled together the assets of 300 firefighter pension funds across Chicago and other parts of Illinois and led to the creation of the Illinois Firefighters’ Pension Investment Fund (FPIF), officials say. The Northern Trust Transition Management team… Read More >>
Corporate Actions Processing Needs Standards & Uniformity: SIFMA
U.S. corporate actions processing needs more standards and that will require more regulation focused on the timing of corporate actions notifications, submissions, disclosers, and supporting activities, according to a new report from industry association SIFMA and consultancy Ernst & Young (EY). Smoother corporate actions processing would also be in line with the securities industry push… Read More >>
Life After the Crypto Winter
As the winter of our discontent with cryptocurrencies continues, it’s clear that changes have to be made and that the next crypto spring will either not happen at all or it will be a radical rejection of the Wild West status quo. One path is an outright ban. Some like Charlie Munger, the vice chairman… Read More >>
Bloomberg Debuts ETF List-Trading Function & Other News
ETF Function Stretches Across 100 Liquidity Providers Bloomberg has launched a list-trading service for exchange-traded funds (ETFs), dubbed the ETF Request for Quote (RFQe), that helps traders with pricing and liquidity searches across multiple-asset ETFs via “more than 100 liquidity providers,” Bloomberg says. RFQe builds upon current functions to help clients trade multiple securities with… Read More >>
Coinbase Europe Fined $3.6M by Dutch Central Bank
It’s been a tough year for Coinbase and we haven’t even reached Valentine’s Day yet. If you’re so inclined, you can trace the troubles of the present-day cryptography movement back to Japan in 2010 and the rise of Mount Gox, the original bitcoin power. It was a quick rise and a fast fall: by 2014,… Read More >>
SimCorp Faces a Horse Race in North America: Q&A
(Editor’s note: Investment management solutions vendor SimCorp, based in Copenhagen, recently announced that it had hired John Needham to be its next managing director for SimCorp North America. An industry veteran with 25 years of experience, Needham had been working for trading and risk management provider Murex in a senior leadership position before joining SimCorp…. Read More >>
