ETF Shares, an exchange-traded fund (ETF) issuer based in Sydney, Australia, is using an ETF creation and redemption tool, BSKT from Bloomberg, to support “more flexible and efficient” ETF baskets, officials say. ETF Shares designs its investment products to help Australian investors and financial advisers manage their own and their clients’ wealth. “Using BSKT will… Read More >>
New to Wall Street? Get Used to the Uncertainty
(Movies about Wall Street have become a popular genre full of thrillers and morality tales. One of the latest movies about the highs and lows of investment banking is “Bull Run,” a 2024 film based on the bestselling memoir “Discussion Materials: Tales of a Rookie Wall Street Investment Banker,” written by Bill Keenan, who once… Read More >>
What Did the SEC Halt During the Mini-Shutdown?
As the great songwriter Joni Mitchell once noted, “you don’t know what you’ve got til it’s gone.” Such was the case with the Securities and Exchange Commission (SEC) and many other federal agencies that experienced a halt in operations after a partial shutdown that began Jan. 31. The Trump administration and the U.S. Congress acted… Read More >>
TNS Finalizes Acquisition of BT’s Radianz Business
Transaction Network Services (TNS) has completed its acquisition of BT’s Radianz market connectivity business, which unifies and expands the “access, reach, and service capability” available for financial institutions worldwide, officials say. The BT Radianz business will become part of TNS’s global Financial Markets offering. TNS is based in Reston, Va. For more than 20 years,… Read More >>
Rareview Capital Taps SS&C Eze OMS for ETFs
Rareview Capital, a registered investment advisor (RIA), has selected the Eze OMS order management system, with hosted services from SS&C Technologies, as part of the firm’s strategy to bolster support for its exchange-traded funds (ETFs) business, according to officials. The Las Vegas-based Rareview Capital ”needed a solution to scale with its growth and provide streamlined,… Read More >>
NYSE Builds Platform to Transact Tokenized Securities
Tokenized securities are taking a major step toward becoming mainstream as the New York Stock Exchange (NYSE) has been developing a platform that supports the trading and on-blockchain settlement of tokenized securities on a 24/7 basis, officials say. The new digital platform, which will need regulatory approval, will facilitate tokenized transactions via 24/7 operations, “instant… Read More >>
Fidelity ‘Paves’ the Way for Wealth Management Automation
Financial services behemoth Fidelity has folded Pave Finance’s wealth management platform into its offering to provide registered investment advisors (RIAs) with automated wealth management services, officials say. The pair are seeking to capitalize on a swelling cohort of independent RIAs eager to claim a greater share of the market, with indications suggesting the wealth management… Read More >>
LSEG Unveils Trade Surveillance Tool
Financial markets infrastructure and data provider, the London Stock Exchange Group (LSEG), has deployed a new tool fueled by proprietary technology and data to help market participants sniff out market abuse and financial crime, officials say. The tool was designed to digest billions of trade and order messages across its venues daily, via LSEG’s proprietary… Read More >>
DTCC Launches a Testing Phase for 24×5 Trading
Without any fanfare, global post-trade infrastructure provider the Depository Trust & Clearing Corp. (DTCC) has begun an industry-wide testing phase for 24×5 trading in U.S. equity markets. At the same time, a new DTCC and EY report diving into the operational impacts of 24×5 trading finds that this major industry move is likely to lead… Read More >>
Legacy IT & Blockchains Speak Different Languages: Q&A
(Neil Chopra, head of strategy and business development, Americas, at Fireblocks, recently responded to questions from FTF News about the worlds of traditional and emerging digital asset custody. The upshot is that securities-trading firms must begin to understand how to manage and facilitate wallets, policies, and blockchain connectivity, as well as comprehend the differences between… Read More >>
