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 >>
HSBC & IBM Apply Quantum Computing to Bond Trading
Global bank HSBC and a team from IT systems giant IBM say that they have achieved a “ground-breaking” achievement in bond trading via quantum computing, which IBM says is a meeting of computer science and engineering “that harnesses the unique qualities of quantum mechanics to solve problems” in ways superior to classical computing. “In this… Read More >>
FIS Revamps Software Suite for Private Equity
Financial technology systems and solutions provider FIS has reengineered its Private Capital Suite as a cloud-native, software-as-a-service (SaaS) solution, and integrated the suite into FIS’s recently launched Investor Services Suite, officials say. The integration has enabled the Private Capital Suite to serve “the full private equity lifecycle, covering investor onboarding, new portfolio monitoring, portfolio analytics,… Read More >>
Smartstream Technologies Rebrands Itself
Smartstream Technologies has rebranded all of its solutions, which now carry the “Smart” prefix, as a sign of a new, cohesive effort focused on making the company a data solutions leader, officials say. The company’s main offerings are now known as: Smart Reconciliations, for reconciliations and exceptions management; Smart Liquidity, for cash and liquidity management;… Read More >>
Options Adds Microsoft Threat Detection & Bruce ATS Integration
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 >>
