Syntax Data, a provider of index solutions, is working with Donoghue Forlines, a Boston-based investment firm specializing in active risk-managed portfolios, to offer index strategies aimed at mitigating downside risk caused by the new uncertainty, officials say. “The strategic partnership recently launched two indexes, the Donoghue Forlines Risk-Managed Momentum Index and the Donoghue Forlines Risk-Managed… Read More >>
Key Groups Challenge SEC’s Cyberattack Disclosure Processes
Key securities industry trade associations are challenging the disclosure procedures of a cybersecurity rule adopted in 2023 by the U.S. Securities and Exchange Commission (SEC), asking the regulator to return to a principles-based disclosure regime. SIFMA, the American Bankers Association (ABA), the Bank Policy Institute (BPI), the Independent Community Bankers of America (ICBA), and the… Read More >>
ECB to Launch Collateral Management Platform
A system intended to unify collateral management systems for 20 Euro area national central banks has just gotten the green light from a key group within the European Central Bank (ECB). It is slated to go live by mid-June. The Governing Council of the ECB “has confirmed that the new Eurosystem Collateral Management System (ECMS)… Read More >>
Citi & SDX to Tokenize Private Market Shares
Citi is collaborating with SDX Group AG (SDX), the digital assets exchange from SIX, so that the global bank can transform a paper-based system into a tokenized one that settles and secures private shares via SDX’s digital Central Securities Depositary (CSD) platform. The new solution will also deliver “late-stage pre-IPO equities to institutional and eligible… Read More >>
LDA Launches a Multicast Market Data Distribution System
A provider of ultra-low latency solutions for capital markets, LDA Technologies (LDA) is launching a multicast data distribution system that handles synchronization at network endpoints, which is intended to bring fairness to market data distribution, officials say. “Exchanges strive to deliver market data to all customers simultaneously, but some of the switches in their infrastructure… Read More >>
Clearwater Analytics Finalizes $560M Beacon Acquisition
Clearwater Analytics, a provider of investment accounting software-as-a-service (SaaS) solutions, has completed its $560 million acquisition of Beacon Platform Inc., a maker of enterprise risk analytics, in a move intended to strengthen the range of Clearwater’s offerings, officials say. In March, Clearwater officials announced that they intended to “acquire Beacon for an aggregate purchase price… Read More >>
‘SIX Fixed Income Data’ Offers Centralization & Integration
SIX, a global financial data and market infrastructure provider, has launched SIX Fixed Income Data, a set of offerings that includes pricing, reference data, corporate actions, and underlying source documents intended to help participants in global fixed income markets centralize this key data, officials say. SIX is aiming the solution set at banks, asset managers,… Read More >>
DTCC Reports Record Volumes As Tariffs Roil Markets
Post-trade market infrastructure provider the Depository Trust and Clearing Corp. (DTCC) has quantified recent market volatility, spurred by tariff turmoil and other factors, with reports of record volumes via its platforms and services. DTCC officials report peak values and volumes across: The National Securities Clearing Corp. (NSCC): “On April 9, NSCC achieved a new peak… Read More >>
SEC Publishes Data & Analysis on Key Groups
The Securities and Exchange Commission (SEC) is doing its part to offer more transparency into capital markets via its Division of Economic and Risk Analysis (DERA), which has published new data and analysis on public issuers, exempt offerings, commercial mortgage-backed securities (CMBS), asset-backed securities (ABS), money market funds, and security-based swap dealers (SBSD). DERA officials… Read More >>
Firms Are Not Ready for Autonomous A.I.: SS&C Survey
A new survey from SS&C Technologies finds that artificial intelligence, particularly in its more advanced iterations, has captured the imagination of executive and senior IT and operations managers at financial services firms. However, firms need to do much more groundwork, such as building “the foundations — governance, trust, skills, readiness and more” before embracing advances… Read More >>
