Capital markets firms will increase their IT spending on client life cycle management offerings over the coming years, causing the market to grow by approximately 41 percent from 2019 to 2022, according to a new report from market research firm Aite Group. The Aite Group’s estimates on IT spending for client management wares encompasses software… Read More >>
Ops Execs Will Be Busy in 2015
As part of a series on post-trade operations predictions for 2015, FTF News gathered forecasts earlier this month from key industry analysts. For Virginie O’Shea, a senior analyst with Aite Group, FTF News asked her to name the Ops area that will see the most progress in 2015 and the post-trade activities that could prove… Read More >>
Aite: Is Big Data Jargon or Strategy?
“Big Data in Capital Markets: The Placebo Effect?” a new report from market research from Aite Group, examines whether the move to adopt Big Data methods and strategies in financial services is, as the report asks, “jargon or strategy?” Big Data consists of very large volumes of structured and unstructured information that when reviewed can… Read More >>
Special Report: Surviving the Phenomenon of FATCA
No matter how hard financial services firms try, they cannot avoid the reach of the Foreign Account Tax Compliance Act (FATCA), a law meant to curtail offshore tax evasion. In this 15-page, in-depth report, FTF News explores the complexities of meeting the FATCA deadlines and the demands of the IRS even as the government provides… Read More >>
Recs Technology Hits Its Stride in Europe
Virginie O’Shea, a senior analyst for market research firm Aite Group, answers FTF News’ questions about the rise in global spending on reconciliation technology, which is particularly acute in the U.K. and throughout Europe. Aite’s latest report, “Reconciliation Technology Solutions in 2014: Recs Get Ready to Rumble” finds the percentage of reconciliation clients on a… Read More >>
T+2 to Expose Buy Side’s Shortcomings
The now-global push to shorten settlement cycles for securities transactions will profoundly challenge the buy side’s lack of investment over the years in automated, back-office infrastructures, particularly at Tier-2 and Tier-3 firms, according to a new report from market research firm Aite Group. In fact, for all firms, the move to settlement two days after… Read More >>
T+2 Too Soon for Some?
Post-trade services utility the DTCC, securities industry trade group SIFMA and major market participants want to shorten the current three-day settlement cycle, but there is pushback from some broker-dealers, particularly in the retail space. The move from settling trades on the third day after a trade is executed, known as T+3, to two days or… Read More >>
The Pain of Recs Onboarding
Reconciliation technology is gaining ground as a result of market pressures and greater demands for data transparency and integrity, according to a new report from market research firm Aite Group. In fact, reconciliation is being applied to processes beyond matching cash accounts. But recs onboarding is becoming a significant challenge for firms, Aite found via… Read More >>
Could FIX Disrupt Post-Trade Processing?
Buy-side firms and vendors in the U.S. are exploring extensions of the FIX protocol to post-trade processes. But stretching FIX in this way will stir up battles over standard and proprietary protocols and whether post-trade processing should be done locally among firms or through a centralized matching system. The outcome of these battles may determine… Read More >>
The Dirty Secrets of Retro Recs Processing
The dirty secret about reconciliation and exception management is that many firms – large and small – are still using mostly manual processes. They are applying a mix of calls, faxes, data feeds, spreadsheets, internally developed applications and a desktop database to the problem, essentially what they were doing to support trading in the late… Read More >>
