Options Technology, a provider of cloud-enabled managed services, reports that it has achieved a Microsoft Solutions Partner specialization for Threat Detection, and has integrated market data from the Bruce ATS, an alternative trading system aimed at overnight trading, officials say. The Microsoft Threat Detection designation “follows earlier Solutions Partner designations in Private Cloud, Modern Work,… Read More >>
GIPS Compliance Comes to Outsourced CIO Providers
The world of Outsourced Chief Investment Officers (OCIOs) is about to change as the CFA Institute‘s path to OCIO portfolio compliance with the principles of the Global Investment Performance Standards (GIPS) takes effect Dec. 31 of this year. This is good news for asset owners who reach out to OCIO providers and want the GIPS… Read More >>
Boothbay Fund Management Taps SS&C GlobeOp
Boothbay Fund Management, a global multi-strategy alternative investment advisor, has selected SS&C GlobeOp as its fund administrator, according to SS&C Technologies. “Boothbay’s multi-manager platform has over $2.5 billion in assets under management across more than 140 separately managed accounts. The firm selected SS&C to help scale its operations,” according to the announcement. “As our business… Read More >>
Deadline Extension Spurs Questions About Form PF’s Future
The Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) have given firms another year to comply with amendments to Form PF, but they may have set off a storm as a commissioner for the SEC calls the move an act of repeal by deadline extension. The situation is also complicated by President… Read More >>
Key Firms Want Self-Clearing for Derivatives
Hedge funds and proprietary trading firms that participate in derivatives markets are embracing new ways of self-clearing and taking greater control of their margining because they have achieved “huge financial firepower, influence, and resources,” and need to fill a vacancy caused by capital-constrained, heavily regulated banks and other sell-side firms. This is according to a… Read More >>
WFE Urges Caution as Exchanges Mull Longer Trading Hours
Exchanges across the globe are mulling moves to extended equity market hours, but the World Federation of Exchanges (WFE) is airing a note or two of caution about the trade-offs and challenges of lengthening market hours for trading. The WFE is also arguing that round-the-clock trading is not inevitable. The WFE concerns are hitting as… Read More >>
TS Imagine Launches Securities Lending Platform
TS Imagine, a trading, portfolio, and risk management solutions provider, is launching LoanSmart, a Software as a Service (SaaS) offering that’s a “front-to-back, multi-asset solution for stock loan, repo, and collateral management for the buy- and sell-side,” officials say. “LoanSmart allows users to operate securities-backed lending and repo businesses while automating key securities lending processes… Read More >>
Finastra Bolsters ‘Fusion Invest’ for Annuities Markets
Financial software solutions provider Finastra has added functionality to its investment management system, Fusion Invest, that is intended to help annuity carriers coordinate front, middle, and back-office functions, officials say. The upgrade includes enhancements to trade decisioning, hedging and risk monitoring, collateral management, operations, and hedge accounting. The updated system includes “the automation of dynamic… Read More >>
Ops Teams Work Smarter via Clear Data & Insights
(Reconciliation and exception management, net asset value oversight, compliance checks, fee billing, and settlement all rely on data that has been properly captured, validated, and distributed — sometimes from thousands of sources. In an FTF News Q&A, Jenn McMackin, global director, data and managed services at Gresham, takes on these issues and discusses the provider’s… Read More >>
SEC & CFTC Create Closer Ties for Regulatory Harmonization
The Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) “are ready to usher in a new era of innovation by recalibrating our posture toward regulatory cooperation,” according to a recent joint statement. They intend to hold joint events and combine forces on key issues. “By harmonizing our regulatory frameworks, leveraging exemptive… Read More >>
