Aladdin & LTX Users Get Cross-Platform Access BlackRock’s Aladdin platform has a new channel to liquidity via its integration with the Liquidity Cloud offering from LTX, a subsidiary of Broadridge Financial Solutions, and the link helps common clients of LTX and Aladdin to access trading functions of both platforms, officials report. LTX is a… Read More >>
Hearsay Updates System as SEC Readies New Rules
Financial services firms have about six weeks to comply with a new SEC rule that regards testimonials as advertisements, and many perceive the changes they will need to make as daunting. Hearsay Systems, a social media compliance, and digital client engagement provider, reports that it has updated its compliance capabilities to help firms come up… Read More >>
ESG Boosts Client Engagement via Social Media: Q&A
(A survey conducted by digital client engagement vendor Hearsay Systems, which focuses on financial services markets, has revealed that “principles-based messaging” is achieving the highest engagement rates for financial services firms, particularly financial advisors and agents. Such messaging refers to Environmental, Social, and Governance (ESG) criteria, and efforts to involve more women and more diversity… Read More >>
T+0 Settlement via New Exchange & Other Briefs
SEC Approves BSTX’s Launch The SEC has blessed the creation of a regulated, national securities exchange facility, dubbed BSTX, that can settle instruments in one day (T+0) while providing blockchain-based market data reporting, officials say. The BSTX is a trading facility of BOX Exchange and a joint venture of tZero Group, Inc., and BOX Digital… Read More >>
Hearsay’s A.I. Tools Help Firms Cleanse Social Content
Hearsay Systems, a digital communications compliance vendor, has launched two new capabilities that use artificial intelligence (A.I.) — one to sift out inappropriate images in videos and direct messages, and another to detect offensive text— all to help financial advisors make certain their posts are compliant with regulatory and industry standards. The new features are… Read More >>
FTF News Launches Live Interviews
At FTF and FTF News, we have a history of trying new ways of providing you with compelling, relevant content about major trends, changes, and innovations in the securities operations industry. We hope you like what we are doing, and we appreciate your support for the news service, which launched 10 years ago! In keeping… Read More >>
Social Media & Messaging Usage Exploding: Q&A
(Editor’s note: Silicon Valley-based Hearsay Systems recently appointed financial services compliance veteran Iain Duke-Richardet as compliance strategy principal. Duke-Richardet’s mandate at Hearsay includes advising the vendor’s 100+ global financial services clients about the changing regulatory landscape. He will also be helping Hearsay’s product teams “to address new complexities as a strategic advantage to firms’ digital… Read More >>
Regulators Catch Up to Social Media Usage
(Editor’s note: Digital compliance, archiving, and analytics vendor, Actiance, recently signed a global partnership with Hootsuite, a social media management platform provider. The partnership will combine Hootsuite’s platform with Actiance’s Socialite offering for compliance across public social networks, and Actiance’s Alcatraz, a context-aware, cloud-based archive. A key aspect of the collaboration is the growing list… Read More >>
Text Messaging Adds to Compliance Staff Woes
Text messaging is moving up the ladder of concerns for financial services compliance professionals, according to a recent survey. Mobile devices and non-email communications channels such as text messaging are two of survey respondents’ “top three overall e-communications compliance concerns,” according to the findings of the seventh annual Electronic Communications Compliance Survey Report. “Not only… Read More >>
LinkedIn Redesign Spurs Compliance Concerns
(Editor’s Note: LinkedIn, the social media networking platform for businesses and employment, has become a favorite social outlet for financial services firms that want to spread the word about their offerings. However, LinkedIn has gone through a major redesign, which has caused financial services firms to be concerned about how user interface and other changes… Read More >>
