SS&C Technologies, a post-trade securities operations services and systems provider, is acquiring Calastone, a global funds network and financial technology solutions provider, from the Carlyle Group for $1.03 billion (£766 million) in an effort to build “a more connected, automated, and intelligent global fund ecosystem,” say SS&C officials. Calastone’s network and technology solutions are expected… Read More >>
Franklin Templeton Taps BNY for ETF Servicing
Global asset manager Franklin Templeton has appointed custody giant the Bank of New York Mellon Corp. (BNY) to provide “a full suite of asset servicing and foreign exchange capabilities” for U.S.-listed, exchange-traded fund (ETF) offerings, officials say. “Franklin Templeton is expanding its long-standing relationship with BNY to leverage additional services for one of its fastest-growing… Read More >>
Equity Data Science Unveils ‘Fusion’ Initiative
Equity Data Science (EDS), a provider of investment process management (IPM) technology to hedge funds and asset managers, has launched a new generative artificial intelligence (A.I.) initiative called Fusion. Generative A.I. — designed to produce new content rather than simply analyze or categorize existing data — is being adopted across industries, including financial services. EDS… Read More >>
‘Genius Act’ Hopes to Launch a Stablecoin Revolution
Late last week, President Donald J. Trump signed the Genius Act into law, creating “the first-ever Federal regulatory system for stablecoins, ensuring their stability and trust through strong reserve requirements,” according to the White House. The legislation is intended to “pave the way for the United States to lead the global digital currency revolution.” However,… Read More >>
SEC Designates Acting Chair for the PCAOB
Independent watchdog, the Public Company Accounting Oversight Board (PCAOB), will soon have a new acting chair, George R. Botic, who will take over for PCAOB Chair Erica Y. Williams after her resignation takes effect July 22, 2025. This is according to the Securities and Exchange Commission (SEC), which designated the line of succession for the… Read More >>
Wedbush Securities Launches 24-Hour Trading
Wedbush Securities, a brokerage and investment advisor firm, reports that it has launched 24-hour trading capabilities that clients are using to access markets around the clock, particularly those operating in Asia-Pacific time zones, officials say. Wedbush offers market access across overnight, pre-market, core, and post-market sessions via partnerships with Blue Ocean Technologies and OTC Markets… Read More >>
Citi Deploys Fenergo’s CLM for Funds in Europe
Citi’s Global Transfer Agency business unit has deployed Fenergo’s Client Lifecycle Management (CLM) platform “to digitize investor onboarding and due diligence services for regulated funds in Europe,” officials say. Citi can now use “customized policy-driven risk assessment for anti-money laundering (AML) and know your customer (KYC) checks for clients,” officials say. The Fenergo system also… Read More >>
SS&C Adds Investment Management Suite to Black Diamond
SS&C Technologies has added a suite of integrated capabilities to its Black Diamond Wealth Platform — dubbed Black Diamond Investment Management Services — that is intended to elevate client outcomes for advisors via streamlined portfolio management, trading, and client engagement, officials say. “Shifting client expectations are driving the need for advisors to solve more problems… Read More >>
Standard Chartered Launches Spot Trading for Bitcoin & Ether
Standard Chartered has launched an integrated digital assets trading service for institutional clients that includes spot trading for Bitcoin (XBT/USD) and Ether (XET/USD) through its U.K. branch and will be introducing non-deliverable forwards (NDFs) trading, officials say. Officials at the bank say this move makes Standard Chartered “the first global systemically important bank to offer… Read More >>
Exchanges Maintain ‘Strong Momentum’ for ESG Efforts: Survey
While environmental, social, and governance (ESG) frameworks and other sustainable finance efforts are on the wane in the United States, key exchanges worldwide are showing “strong momentum” across ESG priorities and are deepening “their commitment to sustainable finance,” according to the World Federation of Exchanges (WFE) in the 11th edition of its Annual Sustainability Survey…. Read More >>
