Operations
Robo-raters Help Banks Vet Vendors for Cyber Risk
These specialists are touting services for monitoring third parties amid tougher rules on outsourcing risk.
People Moves: Liquidnet, UBS AM, CLS, Mediant, Chainalysis
A look at some of the key "people moves" over the last week, including Deborah Hrvatin (pictured), who joins CLS.
FBI Sees Steep Rise in State-Sponsored Cyber Theft
The FBI's Richard Jacobs says that the impact of US sanctions is driving theft “to fund coffers”.
Deutsche Bank's Bezuidenhout Explains Symphony, WeChat Usage for Trade Queries
The bank is looking to extend this feature to other asset classes in the future.
Broadridge CEO Tim Gokey Maps Out Technology Path
Gokey discusses Broadridge's aim to be a one-stop shop for users and how it sees emerging technologies as its future.
Jupiter Asset Management Taps RPA for Manual Process Automation
The asset manager is reviewing various processes to see what kinds of automation could bring efficiency.
People Moves: MarketAxess, Trading Technologies, DTCC & More
A look at some of the key "people moves" over the last week, including Ryan Gwin (pictured), who joins MarketAxess.
NatWest Rolls Out Personalized Trader-Dealer Chat Bot
The digital assistant is built on Symphony’s open-source technology and integrates with existing trader-dealer workflows.
SimCorp Builds Out Real Estate Offering for Alternatives
The vendor is also experimenting with machine learning to help the buy-side sift through the vast amount of unstructured alternatives investment data.
Confluence & StatPro: A Sign of the Buy-Side Times
Confluence has a big job ahead integrating StatPro’s various analytics tools.
Confluence Buys StatPro
For £161.1 million, Confluence has purchased StatPro. Both companies stand to gain more global clients, and users can expect new products meant to alleviate pain points felt by the buy side.
Linedata to Tap Machine Learning for System Fragmentation Monitoring
The company plans to test machine-learning models in the coming months to automatically fix IT system fragmentation.
People Moves: LSEG, SS&C Eze, IHS Markit, T-Rex, Tier1
A look at some of the key "people moves" from the last week.
Barclays: The Future of Post-Trade is a Common Utility Platform
Financial firms are pushing for a distributed market infrastructure model through efforts like Isda's Common Domain Model and distributed ledger technology.
Commerzbank Pilots DLT Prototypes
The bank's R&D arm, Main Incubator, has piloted blockchain projects, including settlement of commercial paper in T+0.
People Moves: Calastone, MarketAxess, Lime, Azul Systems
A look at the some of the week's key people moves, including Steve Wilcockson (pictured), who joins Azul Systems.
MarkitSERV Delays Credit Rollout for TradeServ Platform
The vendor is live with FX NDFs on the new cloud-based platform, but credit has been pushed to 2020 earliest.
TISA Assesses Vendors for Mifid II Reporting Solution
The regulatory reporting utility product for fund managers is targeted to go live by mid-2020.
Liquidnet Targets Long-Term Investors with New Business Unit
The new business unit will unify Liquidnet's last three acquisitions: Prattle, RSRCHXchange, and OTAS.
People Moves: Refinitiv, Apex, Connamara Systems, Ascertia
A look at some of the key "people moves" over the past week, including Renaud Oury (pictured), who joins Apex.
DTCC Explores Gatekeeper Role for DLT Networks
Post-trade company looks to stay ahead of DLT curve with plans to act as CCP for firms trading on permission-based blockchains.
Alt Data’s Mid-Life Crisis
Alternative data is maturing. But with its growth spurt comes growing pains—just ask Thasos Group. And though the market is still in its adolescence, it’s starting to face some grownup challenges.
Itiviti to Expand Regulatory Coverage, Starting with the CAT
The Swedish company is working with a third-party to build the solution, which will launch in Q4.
SimCorp to Allow Buy-Side Clients Plug-and-Play Access to Start-Ups
The Danish vendor is looking to partner with fintechs to allow for buy-side firms to benefit from minimal integrations and to reduce contractual barriers.