FactSet Pairs its OEMS with CG Blockchain's Distributed Ledger

This is an early-adoption example of an OEMS being coupled with tools on a live blockchain.

blockchain concept

FactSet and distributed-ledger technology (DLT) provider CG Blockchain have entered into a partnership that will allow users of FactSet’s order and execution management system (OEMS) to access CG Blockchain’s products through the latter’s app store, BCT Fundstore.

Additionally, CG Blockchain’s current and future users will also be able to use FactSet’s OEMS—which became part of the FactSet stable as a result of its 2015 acquisition of Portware—as FactSet is the exclusive OEMS partner for the

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A rough race begins: Industry faces uphill transition to T+1 settlement

With T+1 compliance set to begin next May, firms will likely be burdened by reduced IT budgets, existing legacy systems and manual processes over the next 15 months. So, while faster settlement will help innovate the middle and back office, some argue industry needs a longer timeline.

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