(Investments in complex assets other than traditional equities and bonds, such as private markets, are growing. But to leverage those opportunities will require firms to move away from the limitations of Microsoft Excel-based spreadsheets and the rising costs of operationally rigid, legacy systems, says Sarva Srinivasan, global head of strategy and managing director in the… Read More >>
Morningstar Affiliate Renews Mandate with Northern Trust
Custodian Northern Trust will continue its asset servicing relationship with Morningstar Investment Management, and is supporting nine, multi-managed registered mutual funds with approximately $5 billion in assets under management (AUM), officials say. “This mandate recognizes the outstanding client service, data customization, and ongoing development we provide to support new regulatory changes and filings required of… Read More >>
CFTC Bolsters Market Oversight via Nasdaq Platform
The Commodity Futures Trading Commission (CFTC) is deploying a suite of surveillance technology services from exchanges and technology provider Nasdaq to improve the regulator’s market surveillance and fraud detection capabilities, officials say. The Nasdaq Market Surveillance platform will enable integrated monitoring across CFTC markets and will facilitate surveillance capabilities to maintain the integrity of derivative… Read More >>
SS&C Unifies Its Wealth Management Solutions: Q&A
(Earlier this month, SS&C Technologies launched SS&C Black Diamond Wealth Solutions, a suite that unifies SS&C’s Black Diamond Wealth Platform with SS&C’s full suite of wealth management solutions. The combination is a way to help wealth managers better manage technology and operations in a single location, according to SS&C. The SS&C Black Diamond Wealth Solutions… Read More >>
SEC Tackles Big Questions About U.S. Treasury Clearing
For nearly everything that broker-dealers and other market participants want to know about the clearing of U.S. Treasury securities, officials at the Division of Trading and Markets of the Securities and Exchange Commission (SEC) have compiled a set of Frequently Asked Questions (FAQs). The level of interest in the clearing of U.S. Treasuries is peaking… Read More >>
Key ICE Data Feeds Coming to Chainlink Service
The Intercontinental Exchange (ICE), owner of the New York Stock Exchange (NYSE), is collaborating with blockchain solutions provider Chainlink to incorporate foreign exchange (FX) and precious metals rates from the ICE Consolidated Feed into the Chainlink Data Streams data set, according to officials. The ICE Consolidated Feed offers “content from over 300 global exchanges and… Read More >>
SEC Debuts Stats & Data Visualizations Webpage
Officials at the Securities and Exchange Commission (SEC) say that they are bringing greater transparency to public markets via the launch of a statistics and data visualization page that offers statistics and graphics on initial public offerings, exempt offerings, corporate bond offerings, reporting issuers, municipal advisors, transfer agents, and household participation in the capital markets…. Read More >>
Major Players Achieve On-Chain Financing of U.S. Treasuries
The blockchain pioneer Digital Asset and a consortium of financial services firms and providers report that they have facilitated in real time an on-chain financing of U.S. Treasuries (UST) against the USDC stablecoin, achieving a first for the securities industry. The stablecoin USDC is a cryptocurrency whose value is linked to the U.S. dollar; it… Read More >>
Trump’s EO Could Shake Up 401(k) Portfolios
Financial planning managers for retirees and others might get the green light and new guardrails from federal officials, helping them include alternative assets, such as private equity, real estate, and digital assets, in 401(k) portfolios, as President Donald J. Trump recently signed an executive order (EO) to that effect. “More than 90 million Americans participate… Read More >>
Rimes to Offer CanDeal Bond Pricing Data
Rimes has integrated into its data service Canadian fixed income reference pricing services and a security master offering from the CanDeal Group in an effort to bring new transparency to the opaque Canadian bond market, officials say. Officials at Rimes, which offers enterprise data management and investment platform solutions, say the CanDeal Data & Analytics… Read More >>
