Should the U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC) become a single, unified regulator? It’s not a new question, and recently I have been asking industry veterans if now is a good time to unite the regulators as a way of achieving regulatory efficiencies. But Timothy G. Massad,… Read More >>
T Rowe Price Deploys Customized Platform for Corporate Bonds
T Rowe Price has a customized platform, a version of the Primary Bond Issuance (PBI) data management and workflow solution from Genesis Global for corporate bond deals that the asset manager’s fixed-income team can use to streamline the bond deal lifecycle, officials say. Genesis customized the PBI platform for T. Rowe Price to help the… Read More >>
Millennium bcp Takes On FRTB & Market Risk
Officials at Millennium bcp say they are bolstering the financial services firm’s compliance with the Fundamental Review of the Trading Book (FRTB) and market risk management capabilities through a strategic partnership with Murex, a trading, risk management, and processing solutions provider. “Under this agreement, Millennium bcp will implement Murex’s MX.3 platform to strengthen its market… Read More >>
FNZ Raises $650M via Institutional Shareholders
Wealth-management technology provider FNZ has secured $650 million in new equity funding from its institutional shareholders to provide support for its long-term business plan and renewed support for “enhanced outcomes for clients worldwide,” officials say. Among those providing investment support are La Caisse, Generation Investment Management, Canada Pension Plan Investment Board (CPP Investments), and Motive… Read More >>
N.Y. State Pension Fund Valued at $291B for Q2
The New York State Common Retirement Fund has an estimated value of $291.4 billion at the end of the second quarter of New York State’s fiscal year 2025-26, and fund investments “returned an estimated 4.13 percent for the quarter and 9.82 percent for the first six months of the fiscal year,” according to Thomas P…. Read More >>
TRG Screen’s A.I. Feature Deepens Data Cost Insights
TRG Screen, a provider of market data and subscription cost management technology, has released Xmon AI Assist, a capability intended to bring conversational analytics to market data cost management, officials say. Xmon is a reference data cost and usage monitoring solution that offers “visibility into consumption patterns, cost drivers and vendor billing,” officials add. The… Read More >>
SIFMA Conducts Tests of Industry BCP/DR Plans
Late last month, securities firms, market infrastructure providers, and key third-party organizations participated in the 2025 SIFMA Industry Business Continuity Test, which scrutinized the capabilities of firms, markets, and utilities to operate during and after a crisis, according to the Securities Industry and Financial Markets Association (SIFMA). The testing on Saturday, Oct. 25, was industry-wide,… Read More >>
Tokenization Stalled by Regulatory Uncertainty: Broadridge Survey
Asset and wealth managers are dragging their feet when it comes to the adoption of tokenized assets, according to a new poll from securities operations services and systems giant Broadridge Financial Solutions, with 70 percent of all financial institutions surveyed citing “regulatory uncertainty” as a cause for their hesitancy. Yet, according to Broadridge’s 2025 Tokenization… Read More >>
Canada’s ATB Financial Taps Murex for Compliance
ATB Financial officials report that they have “successfully met Canada’s updated derivatives reporting rules, known as the 2025 Canada Rewrite, through the MXSaaS solution” from Murex. The MXSaaS offering facilitates the integration of the MX.3 platform into the cloud, where dedicated Murex experts fully manage it, according to officials. The platform is intended to help… Read More >>
BMLL’s Growth Gets a Boost via Nordic Capital Acquisition
Private equity firm Nordic Capital has acquired BMLL, an independent provider of historical order book data and analytics, as part of an effort to accelerate BMLL’s growth, officials say. “The investment will be made in close partnership with the management team of BMLL and minority shareholder Optiver, marking a joint commitment to accelerate the company’s… Read More >>
