(Kristin Hochstein is the new chair of ISITC for the 2022-23 term, and she foresees the industry standards trade group in the new year as not simply what it was before the pandemic but “even stronger and with a new lens.” Hochstein takes over from Lisa Iagatta, who finished her three-year term as chair at… Read More >>
Deutsche Bank Shifts Prime Services to BNPP & More News Briefs
BNP Paribas Takes On 900 Staff Members BNP Paribas and Deutsche Bank officials report that they completed by the end of last year the “transfer of clients, technology and key staff from Deutsche Bank’s global prime finance and electronic equities businesses to BNP Paribas,” which was according to the agreed-upon timeline. “Over the course of… Read More >>
Get Ready for the FTF Awards 2022
Get your nominations ready for the highly competitive FTF News Technology Innovation Awards 2022 — now in its 12th year — presented by Financial Technologies Forum and the FTF News service. Since 2011, FTF has celebrated and recognized the professionals, financial technology vendors, service providers, industry bodies, regulators, and other industry participants that have made… Read More >>
Bye, Bye BlackBerry
Once a status symbol on Wall Street but a headache for IT and operations managers trying to secure trading rooms, the BlackBerry mobile devices are no more. BlackBerry Ltd. ended the classic, yet impenetrable BlackBerry operating system, software, and services on Jan. 4, 2022. “As a reminder, the legacy services for BlackBerry 7.1 OS and… Read More >>
FactSet Buys CUSIP Global Services for $1.9 Billion
FactSet announced late last month that it is acquiring CUSIP Global Services (CGS) — a provider of identifiers for securities — from S&P Global for $1.925 billion in order to grow its data management offerings, and raise company and brand awareness in security issuance, settlement, back-office operations, and trading. “A CUSIP number is a unique… Read More >>
Should the SEC & CFTC Create a Crypto Bureau?
Two of the major overseers of financial markets — the SEC and the CFTC — appear to be in a bureaucratic tug-of-war when it comes to the regulatory oversight of emerging digital assets, and former CFTC Chairman J. Christopher Giancarlo is proposing that the agencies work together to co-create a crypto bureau. In addition, an… Read More >>
FinCEN Wants Better AML Regs for the U.S.
FinCEN Wants to Improve AML/CFT Regs The Financial Crimes Enforcement Network, the bureau of the United States Department of the Treasury better known as FinCEN, has issued a request for information that asks for comments on “ways to streamline, modernize, and update the anti-money laundering and countering the financing of terrorism (AML/CFT) regime of the… Read More >>
Navigating GIPS, SEC & ESG Rules: Q&A with Confluence
(Regulatory and industry standards compliance concerns are hitting home for many securities firms, and Kate Maryniak, head of product management for Revolution at Confluence Technologies, spoke with FTF News about them in the second half of our recent Q&A. Maryniak, who originally joined StatPro in 2001, has served in many client-facing roles to help deliver… Read More >>
Wedbush Settles Charges of Unregistered Sales & Activity
The U.S. Securities and Exchange Commission (SEC) reports that Wedbush Securities Inc. will pay more than $1.2 million to “settle charges arising from the unlawful unregistered distribution of nearly 100 million shares of more than 50 different low-priced microcap companies, and from Wedbush’s failure to file suspicious activity reports (SARs) pertaining to those transactions.” Wedbush,… Read More >>
Happy Holidays & See You in 2022!
It’s not logical to say but 2021 feels as if it flew by. We had a constant flow of major news events from the January 6 attack upon Capitol Hill to severe weather events and new COVID-19 variants that disrupted plans for a return to a new normal. In fact, the new normal turns out… Read More >>
