The Sibos 2025 conference in Frankfurt, Germany, recently concluded, but there were Ops developments on several fronts — corporate actions processing, collateral management, managed services, and financial crime prevention — which are chronicled in this news wrap. Chainlink Advances Corporate Actions Collaboration Chainlink, an Ethereum-based provider of decentralized “oracle” networks, is building upon a… Read More >>
Euronext ETF Europe To Offer Consolidated Clearing & Settlement
Euronext, an operator of multiple trading venues, has launched Euronext ETF Europe, which will offer consolidated clearing and streamlined settlement, officials say. The new marketplace is described as “the first fully integrated marketplace for exchange-traded funds (ETFs) and exchange-traded products (ETPs) across Europe,” officials say. Officials add that post-trade operations “will also be significantly enhanced… Read More >>
Boothbay Fund Management Taps SS&C GlobeOp
Boothbay Fund Management, a global multi-strategy alternative investment advisor, has selected SS&C GlobeOp as its fund administrator, according to SS&C Technologies. “Boothbay’s multi-manager platform has over $2.5 billion in assets under management across more than 140 separately managed accounts. The firm selected SS&C to help scale its operations,” according to the announcement. “As our business… Read More >>
Key Firms Want Self-Clearing for Derivatives
Hedge funds and proprietary trading firms that participate in derivatives markets are embracing new ways of self-clearing and taking greater control of their margining because they have achieved “huge financial firepower, influence, and resources,” and need to fill a vacancy caused by capital-constrained, heavily regulated banks and other sell-side firms. This is according to a… Read More >>
WFE Urges Caution as Exchanges Mull Longer Trading Hours
Exchanges across the globe are mulling moves to extended equity market hours, but the World Federation of Exchanges (WFE) is airing a note or two of caution about the trade-offs and challenges of lengthening market hours for trading. The WFE is also arguing that round-the-clock trading is not inevitable. The WFE concerns are hitting as… Read More >>
Ops Teams Work Smarter via Clear Data & Insights
(Reconciliation and exception management, net asset value oversight, compliance checks, fee billing, and settlement all rely on data that has been properly captured, validated, and distributed — sometimes from thousands of sources. In an FTF News Q&A, Jenn McMackin, global director, data and managed services at Gresham, takes on these issues and discusses the provider’s… Read More >>
Japanese Firm & Chainlink Target Digital Assets
A $200 billion Japanese financial services firm, SBI Group, has entered into a “strategic collaboration” with decentralized blockchain oracle network Chainlink to push the growth of interoperable blockchains and digital assets in capital markets, officials say. A recent survey by SBI Digital Asset Holdings, SBI’s digital asset arm, found that among 50 financial firms, 76… Read More >>
‘Suboptimal Ops’ Will Fail via T+1 in U.K. & E.U.
(John Bevil, a senior product manager at data automation platform provider Xceptor, recently took questions from FTF News about a key European Securities and Markets Authority (ESMA) report on the E.U.’s transition to T+1 settlement and some of the lessons learned from the U.S. adoption. Bevil says that he has watched the financial services industry’s… Read More >>
Franklin Templeton Taps BNY for ETF Servicing
Global asset manager Franklin Templeton has appointed custody giant the Bank of New York Mellon Corp. (BNY) to provide “a full suite of asset servicing and foreign exchange capabilities” for U.S.-listed, exchange-traded fund (ETF) offerings, officials say. “Franklin Templeton is expanding its long-standing relationship with BNY to leverage additional services for one of its fastest-growing… Read More >>
CME Adds FTSE CoreCommodity CRB Index Futures
Derivatives marketplace company CME Group has expanded its presence in the global commodities market with the planned addition of FTSE CoreCommodity CRB Index futures, pending regulatory approval. The FTSE CoreCommodity CRB Index tracks a diversified basket of 19 commodities — including energy, agriculture, precious metals, and industrial metals. Officials say the new offering is designed… Read More >>
