FINANCIAL Models Co., the Toronto-based service bureau that dominates Canada's portfolio management industry, is now offering a cross-border electronic trade-configuration service in the U.S. The system FMCNET will compete with both Thomson Financial Services Inc.'s Oasys and an expanded version of the Depository Trust Co.'s International Institutional Delivery (IID) system.
FMC has 20 customers for FMCNET in Canada. In the U.S., FMC is pitching the international functionality of the system.
James and Anthony talk about the looming Sibos event in Toronto and take a look at some recent M&A activity and blockchain developments in the capital markets.Subscribe to Weekly Wrap emails