Administrator
Data brain drain may prompt move to managed services for market data management
A shortage of data professionals with suitable experience to run large financial firms’ data organizations could drive firms to completely outsource the management and administration of their third-largest expense.
In the race to institutionalize crypto, participants eye familiar tech ‘wrappers’ for new assets
Despite the development of digital assets overall, and interest in cryptocurrencies remaining strong among individual investors and niche firms, widespread institutional adoption remains muted. Wei-Shen Wong looks at the tools being developed to support…
2021 saw market data’s quiet revolution
This year, the SEC pulled the trigger on competing consolidated tapes and a new market data governance plan. In 2022, we will know if some of it can go ahead, or remain stymied by legal battles.
Murky road ahead for consolidated tape plan administrator in the US
The business unit of the new equities data plan could revolutionize pricing and accessibility in the public feeds of NMS data, say hopefuls to the role, but litigation and lack of clarity obscure the path forward.
Northern Trust focuses on alpha generation with recent investments, partnerships
Northern Trust has invested in three firms this year, which now sit in its investment data science division as part of its Whole Office strategy.
SFDR pushes fund administrators to rethink ESG offerings
Some fund admins prefer to build ESG products in-house, while others, notably Northern Trust, consider it ‘inefficient’ from a cost and time perspective.
SEC’s CT Plan timetable is ‘unrealistic’
Implementing governance structure for new US public equities datafeeds within a year is highly unlikely, say industry observers.
This Week: MEMX, IUAM/SS&C, Northern Trust, EBS and BME
A summary of some of the past week’s financial technology news.
Citco Launches Data Services Platform
The fund administrator’s clients can now access multiple datasets from one data lake.
Clearwater Analytics to Roll Out New Performance, Risk Modules for Flagship Platform
The modules, which use machine learning to derive predictive insights, are scheduled to go live in Q1 2021.
Covid-19 Piles Pressure on Fund Accounting
Fund administrators are dealing with unprecedented volumes of pricing information and exceptions.
The Cloud Breach Blame Game
As cloud computing becomes an ever more critical component of any modern financial technology infrastructure, cloud deals are coming under increased regulatory scrutiny.
Vendors Prep for Initial Margin Big Bang
Tech providers are emerging from all corners as the final phases of initial margin rules closes in, which are expected to capture over 1,000 buy-side and sell-side firms over the next 18 months.
The Problem Solver: Paul Bari, Nordea
Paul Bari’s career has taken him across oceans and continents, but his true north has always been a fascination with mathematics. Now, he’s tackling not only the future of one of Northern Europe’s largest banks, but its employees, too
Third Country Benchmark Administrators Struggle Ahead of BMR
Failure to comply by 2020 will result in EU supervised entities’ inability to invest in products that reference benchmarks not approved by Esma.
Rimes to Debut New Benchmarks Service
Rimes will be launching a new managed service, called RegFocus BMR Data Feed, to help users adhere to the Benchmarks Regulation.
Curo Picks Temenos For Accounting Platform
Curo's migration of over 3,000 funds is expected to be complete by the end of 2020.
STP: Shedding the Leftover Inefficiencies
The age-old problem of achieving straight through processing remains a challenge for some buy-side firms today. But time is running out.
The New Oil Rush: An Examination of the Alternative Data Market
Banks are looking to cash in on the alternative data boom, but an in-depth investigation of the alternative data market shows that they may be in for an uphill battle to claim territory.
ANNA Takes on Benchmark Challenges
The ANNA Benchmark Task Force aims to collaborate with benchmark administrators for clarity of regulatory and ISIN requirements.
Brown Brothers Harriman Releases Secondary-NAV Tool for Administrator Oversight
The firm has bolstered its middle-office outsourcing tools with the release of InfoNAV and aims to include AI features in the future.