CFTC to Mull Add-On to Automated Trading Rule The CFTC will hold an open meeting on Friday, Nov. 4, at 10 a.m. to consider a supplemental proposal to Regulation Automated Trading (Regulation AT), according to an announcement from CFTC Chairman Timothy Massad. The CFTC Open Meeting will take place at the lobby-level hearing room at… Read More >>
Russell Investments to Use SS&C for IBOR Push
Asset manager Russell Investments will be using proprietary, integrated systems from SS&C Technologies as the middle office core for an investment book of record (IBOR) that will help the firm’s portfolio managers trading in global markets. The firm, which has $244 billion in assets under management, is expanding its IT support for investment accounting, performance… Read More >>
FTF Focus Spotlights the 2016 FTF Awards Winners
For the sixth year in a row, Financial Technologies Forum (FTF) sponsored the FTF News Technology Innovation Awards competition to help securities industry professionals shine the spotlight on the outstanding companies, individuals and industry groups that have achieved excellence in post-trade operations. The key winners for 2016 are featured in the special Awards Issue… Read More >>
Vendors Are Rushing to Fill Voids in Ops Offerings
Front-office financial technology vendors are moving quickly to expand their reach into the middle and back office while traditional portfolio accounting systems providers are moving upstream into the middle office in attempts to provide a fuller suite of asset management operational services, according to a new report from market research firm Celent, a division of… Read More >>
Industry Vet to Head SS&C Unit focused on Private Capital
SS&C Technologies, a provider of fintech software and software-enabled services, reports the creation of a new business unit focused on the private capital market, and the appointment of Bob Shepro as senior vice president, responsible for heading the new unit. The appointment reunites Shepro with SS&C, “where he previously headed product strategy in the late… Read More >>
SS&C to Buy Advent Software for $2.7B
SS&C Technologies is purchasing Advent Software for approximately $2.7 billion in cash to widen SS&C’s offerings of software technology and services, say SS&C officials. The transaction equates to $44.25 per share plus assumption of debt, both companies announced on Monday, Feb. 2. The acquisition will take place via a definitive agreement that will see SS&C,… Read More >>
FCA Approves SS&C’s AIFMD Services
A U.K. regulator, the Financial Conduct Authority (FCA), has approved the depositary “lite” service offering of SS&C’s GlobeOp unit, officials say. The recently launched service targets those covered by the Alternative Investment Fund Manager Directive (AIFMD) requirements. AIFMD, which took effect in July 2013, requires firms to file formatted reports with their respective member state… Read More >>
Special Report: FIX Moves Into Post-Trade Processing
Buy- and sell-side firms are reassessing their post-trade infrastructures and looking for cost-effective ways to streamline operations. Firms are finding a new ally in their post-trade quest: the venerable FIX protocol, which is extending nicely from the front office into middle office functions. Technology vendors and service providers are moving fast to meet a growing… Read More >>
