Cloud computing provider Amazon Web Services (AWS) experienced a global outage that began early Monday morning, Oct. 20, and disrupted online services for many sectors and thousands of websites that are highly dependent upon AWS services. During the crisis, AWS officials provided detailed operational updates on their website and initially suggested the outage was caused… Read More >>
Northern Trust Taps Broadridge for Class Action Services
Custodian Northern Trust reports that it is helping its clients “optimize claim recoveries and increase engagement in settlement processes” by offering them the proprietary global class action technology from services, systems, and software provider Broadridge Financial Solutions. “Enhancements available with the new service include expanded coverage for more than 35 markets and, for the first… Read More >>
Buy Side to Welcome Sell Side Improvements
New research from global market research firm Crisil Coalition Greenwich shows hopeful sentiment from sell-side electronic trading desks that a series of woes besetting the industry of late may soon be reversed. This will be good news to buy-side firms that have had to deal with inadequate customer service, as sell-side electronic trading desks contend… Read More >>
Citi Takes Aim at Asset Servicing Woes via SEP
Citi’s post-trade platform, Citi Investor Services, has a new feature for asset servicing — Single Event Processing (SEP) technology — a development that Citi officials are calling “a significant step” for real-time asset servicing, prompting the bank to say that “the majority of its custody flows” will be processed via SEP in 2026. In fact,… Read More >>
Nomura Securities Analyst Models Available via S&P Global
Analyst models from Tokyo-based investment bank Nomura Securities are available via the S&P Global Visible Alpha consensus collection of sell-side analyst models, S&P Global announced via a blog posting. “The 30+ publishing analysts from Nomura currently cover more than 600 companies, providing specific model line items to thoroughly understand a company’s performance and trends, KPI-specific… Read More >>
Client Reporting Can Help Asset Managers & Owners Too
Client and regulatory reporting responsibilities for asset managers and asset owners have always been essential operations that, by definition, have to be without flaws, are basic requirements, and are focused on clients’ needs. A new report from provider FactSet, “At the End of It: A Buy-Side Playbook for Reporting Success,” is making the case that… Read More >>
FICC Seeks SEC Approval for Triparty Clearing for Treasuries
The Fixed Income Clearing Corp. (FICC) may be able to offer triparty clearing in time for expanded U.S. Treasury clearing rules via a new offering, dubbed the ACS Triparty Service, within its Agent Clearing Service (ACS) capabilities. However, the Securities and Exchange Commission (SEC) must agree to a rule change requested by FICC officials. “As… Read More >>
Sibos II: Chainlink Pushes for a Corporate Actions Breakthrough
The Sibos 2025 conference in Frankfurt, Germany, recently concluded, but there were Ops developments on several fronts — corporate actions processing, collateral management, managed services, and financial crime prevention — which are chronicled in this news wrap. Chainlink Advances Corporate Actions Collaboration Chainlink, an Ethereum-based provider of decentralized “oracle” networks, is building upon a… Read More >>
SEC Cuts Costs for SROs Supporting the CAT System
The Securities and Exchange Commission (SEC) granted “exemptive relief “to the self-regulatory organizations (SROs) that are essentially underwriting the operating costs of the consolidated audit trail (CAT). The ambitious big data CAT system got its start in 2012 in the wake of the Flash Crash of 2010. That event spurred demand for a U.S. securities… Read More >>
SEC & CFTC Scale Back to Skeleton Staffs
With the shutdown of the U.S. federal government, the financial markets regulators — the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) — have issued guidelines to help staff members and market participants maintain some regulatory requirements. During the shutdown, the SEC “will have only an extremely limited number of staff… Read More >>
