(Officials at the Depository Trust & Clearing Corp. (DTCC) recently reported that they had taken a big step toward fully automating the corporate actions lifecycle via its subsidiary, The Depository Trust Company (DTC). The DTCC also worked with Broadridge Financial Solutions. In short, the DTC processed the “first-ever, fully-automated voluntary reorganization ISO 20022 instruction,” as… Read More >>
Northern Trust’s Digital Assets Team & Other News
Northern Trust Combines Groups for Digital Effort Northern Trust has combined teams and launched a Digital Assets and Financial Markets group that will be “responsible for supporting the fast-growing digital asset markets and those dedicated to providing market access and insights across the traditional securities services markets,” officials say. The step is a recognition of… Read More >>
DTCC’s 20022 Corporate Actions Leap & Other News
DTC & Broadridge Score a Corporate Actions First With help from Broadridge Financial Solutions, the Depository Trust & Clearing Corp. (DTCC) reports that it has taken a big step toward fully automating the corporate actions lifecycle via its subsidiary, The Depository Trust Company (DTC). The DTC processed the “first-ever, fully-automated voluntary reorganization ISO 20022 instruction,” part… Read More >>
Disaster Recovery & Resilience Are Part of Production: DTCC
A new white paper from the Depository Trust & Clearing Corp. (DTCC) is making the case that disaster recovery and resilience are becoming part of the real-time, production IT infrastructure at financial services firms rather than rare contingencies. The report, “The Power of Technology Resilience: A Framework for the Industry,” argues that while firms are… Read More >>
SIFMA Praises CAT Compliance Deadline Extension
There’s a twist in the ongoing saga of the Consolidated Audit Trail (CAT) via a new delay that actually has the approval of a key player in the securities industry. To remind you, the CAT system is the result of SEC Rule 613, which requires U.S. securities exchanges and FINRA, the self-regulatory organization (SRO) for… Read More >>
Canadian Firm to Use SimCorp & Other News
StonePine Signs Up for SimCorp’s Centralization A relatively new Canadian firm, StonePine Asset Management reports that it will be using an investment platform and services from vendor SimCorp to jumpstart its growth. The new agreement will mean that SimCorp’s Software as a Service (Saas) investment management solutions will run the asset manager’s front-to-back office… Read More >>
Cowen Digital to Deploy SS&C Eze’s OEMS
Reflecting the range of its offerings, SS&C Technologies has news for cutting-edge, digital asset efforts and for established, institutional securities operations. For the cutting edge, Cowen Digital, the new digital asset division of investment bank Cowen, Inc., reports that it will be deploying an order/execution management system (OEMS) from SS&C Eze in support of clients… Read More >>
OSSTRA to Launch a Repo Service & Other News
OSSTRA to Debut a Repo Confirmation Service In an effort to bring more automation to repo operations, post-trade vendor OSTTRA has launched a repo confirmation service that is built upon the MarkitWire electronic trade processing platform, officials say. MarkitWire is from MarkitServ, which is part of the OSSTRA joint venture between CME Group and S&P… Read More >>
Should Buy-Side IT Teams Embrace Open Source?
(FTF News recently reached out to Madeleine Dassule, partner and co-head, technology, at Wellington Management. Dassule has joined the Fintech Open Source Foundation (FINOS) board of directors, a move that coincided with Wellington joining the nonprofit organization. FINOS is a proponent of open source technology, open standards, and collaborative efforts among software development groups in… Read More >>
Israel’s Central Bank Mulls a Potential ‘Digital Shekel’
There’s a move afoot to take the crypto out of cryptocurrency. How? Simply by pegging its value to the value of the fiat currency issued by a country’s central bank. Those not-so-crypto digital currencies are called “central bank digital currencies” or CBDCs. “Many countries are developing CBDCs, and some have even implemented them,” say our… Read More >>
