DTCC officials are readying portals for securities data and redesigned analytics that will use the cloud-based data platform from Snowflake to relay clearing, settlement, and post-trade processing information via dashboards, data visualizations, and analytics tools. The analytics are intended to provide actionable insights that DTCC client firms can use to measure their operational efficiency, officials… Read More >>
The Fed Clarifies How to Handle Tokenized Securities
The tokenization of securities must be taking off as Federal Reserve officials have recently compiled a useful set of frequently asked questions (FAQs), entitled “Capital Treatment of Tokenized Securities Frequently Asked Questions,” that is providing much-needed clarity. Among other helpful aspects, the FAQ sheet offers a definition of tokenized securities via distributed ledger technology (DLT)… Read More >>
ICE & OKX Launch Joint Initiatives
Intercontinental Exchange (ICE), an exchanges operator and financial technology provider, has made an undisclosed strategic investment in OKX, a blockchain technology and trading company, officials say. ICE owns and operates the New York Stock Exchange (NYSE). “The companies intend to evaluate joint initiatives across market structure design, clearing and risk management, data, and institutional access… Read More >>
Orange Investment Advisors Taps Clearwater Analytics
Credit-focused investment manager Orange Investment Advisors has chosen investment management technology platform Clearwater Analytics (CWAN) to revamp front-to-back investment operations across its structured credit portfolio. A specialist in structured credit strategies with an active, value-based tilt, Orange has deployed CWAN’s Enfusion platform, providing the asset manager with an integrated portfolio management system (PMS), order management… Read More >>
Six Banks Commit $100M to OSTTRA’s Expansion
Bank of America, Barclays, Citi, HSBC, UBS Investment Bank, and Wells Fargo have agreed to make a combined $100 million strategic equity investment in post-trade provider OSTTRA to support its expansion into new markets and asset classes. The move follows investment firm KKR’s $3.1 billion acquisition of OSTTRA late last year. The company’s network connects… Read More >>
A.I. Creates Opportunities & New Uncertainties for Ops
Technologies based on artificial intelligence (A.I.) are having a significant impact on the software, systems, IT infrastructures, and operations of securities firms. A.I. is also raising the stakes of uncertainty for those working in securities operations. I’m referring to the uncertainty that Bill Keenan mentioned in my Q&A with him, which ran on February 10…. Read More >>
T+1 Is Spreading Across the Globe
T+1 settlement is taking wing across the globe. Earlier this month, Pakistan’s capital markets switched to T+1 settlement, replacing its long-standing existing T+2 cycle. As of February 9, all eligible trades on the Pakistan Stock Exchange (PSX) are being settled quickly on the significantly shortened timeline. According to a press release from PSX, the transition brings… Read More >>
JPX Subsidiary Leads Effort for Back-Office Improvements
Officials at JPX Market Innovation & Research (JPXI), the IT services and research unit of the Japan Exchange Group (JPX) say that they have begun developing “an industry-wide common data platform” for the Japanese securities industry as a way to bolster the efficiency of back-office operations at securities firms in the region. In fact, JPXI is… Read More >>
Crypto-Based Derivatives Spur New Demand for Prime Brokers
As traditional securities firms and their operations teams explore digital assets such as crypto-based derivatives, they are finding that such a move requires a variety of adjustments, which in part creates new demands for prime brokerages that can help firms accommodate this transition. This new opportunity and others are detailed in a new guide that… Read More >>
LMAX Group & Ripple Push for Stablecoin Adoption
LMAX Group, a cross-asset marketplace for FX and digital assets, and Ripple, a financial technology company offering crypto solutions for businesses, have launched a partnership to “accelerate the fusion of traditional and digital capital markets,” officials say. As part of this multi-year collaboration, LMAX will integrate Ripple’s stablecoin RLUSD, which is pegged to the U.S…. Read More >>
