MEDFORD, MASS.--Pioneer Investments settles nearly 100 percent of its trades electronically, says Daniel Consigli, head of IT at Pioneer Investments.
Pioneer’s STP rate in 1999, when Brown Brothers Harriman was its near-exclusive custodian, was 89 percent. Pioneer has since added Prudential Securities and Chase. It reports nearly 100 percent settlement after some recent tweaking to the matching and settlement software, including the implementation of Mercator’s Gemini position reconciliation
Bryan Harkins joins to discuss how the CBOE-Bats integration is going and plans for the exchange operator going forward. Anthony and James talk about the SEC hack and Esma's potential new powers.Subscribe to Weekly Wrap emails