To say the least, the SEC has been busy for the past two years. Amid the flurry of new and revamped regulation was the recent adoption of “amendments to Form N-PX to enhance the information mutual funds, exchange-traded funds, and certain other registered funds report about their proxy votes.” The SEC says the new rules… Read More >>
BondWave Bolsters Liquidity Access to ICE Bonds & Other News
BondWave Builds New Links to ICE Bonds Fixed income solutions vendor BondWave reports that has much more tightly integrated its Effi Markets with the transaction platforms of ICE Bonds, part of the Intercontinental Exchange, so that Effi users can have better access to liquidity pools and execution protocols. “BondWave and ICE Bonds have enjoyed a… Read More >>
BNP Paribas & ISDA Test Digital Reporting to CFTC
French banking giant BNP Paribas and the International Swaps and Derivatives Association (ISDA) report that in a bid to transform post-trade operations for over-the-counter (OTC) derivatives they “successfully implemented and tested” a way to facilitate the digital reporting of swaps data that conforms to revised rules to come from the U.S. Commodity Futures Trading Commission… Read More >>
Succession Plans Will Prevent Chaos & Failure: FINRA
Here’s a good idea: Plan for life events, whether expected or unexpected. That’s the helpful word from FINRA, the broker-dealer sector’s own regulatory authority. “Succession planning can benefit customers, member firms and registered representatives,” the regulatory authority declares in its recent Regulatory Notice 22-23, which “discusses these benefits, as well as common types of succession… Read More >>
Chicago Firm Streamlines Ops via INDATA & Other News
Asset Manager Moves to Single, Cloud-based System Boutique asset manager Advisory Research Investment Management (ARI) reports that it has gone live with a software as a service (SaaS)/cloud solution that combines front-office trade order management with back-office portfolio accounting and reporting functions. The implementation of the investment management system from vendor INDATA replaces an order… Read More >>
Firms Brace Themselves for SEC’s New Marketing Rule
Nearly two years ago, the Securities and Exchange Commission (SEC) unveiled major changes to the way that securities-trading firms can advertise under the Investment Advisers Act, and the “Modernized Marketing Rule” reforms take effect Friday, Nov. 4. However, the mandated changes will require “significant time and resource investment from firms,” says Bill Simpson, compliance principal… Read More >>
UBS & FAB Go Live on CLSNet & Other News
UBS & FAB Will Use CLSNet for 120 Currencies UBS and First Abu Dhabi Bank (FAB) report that they have gone live on the CLSNet bilateral payment netting calculation service from FX settlement provider CLS. The CLSNet platform standardizes “post-trade processes across the global currency spectrum,” and is intended to cut risk, enhance efficiency, and… Read More >>
FINRA Eases Compliance via a Machine Readable Rulebook
It’s clear that during the Biden administration U.S. federal regulators and self-regulatory organizations (SROs) have been a little busy formulating new regulations and guidelines. They have also been keeping an eye on how updated technology can help firms meet their compliance obligations. In fact, the SEC recently greenlit a new era of electronic recordkeeping by… Read More >>
Ops Needs to Work More Closely with IT: Q&A
(FTF News recently got time with Emin Tatosian, the co-founder and chief technology officer (CTO) of FX HedgePool, a matching platform for the FX swaps market that launched in 2019. The company, which targets the mid-market execution of FX swaps, says it separates liquidity from credit and helps passive hedgers move liquidity among themselves with… Read More >>
CACEIS & RBC Investor Services Collaborate & Other News
CACEIS to Acquire Part of RBC Investor Services CACEIS, the asset servicing banking group of Crédit Agricole S.A. and Santander, and the Royal Bank of Canada (RBC) report that they have signed a Memorandum of Understanding (MoU) intended to result in the CACEIS acquisition of the European asset servicing activities of RBC Investor Services and… Read More >>
