Post-trade
Bank consortium led by SocGen seeks to cure post-trade data ills
Project led by Societe Generale that uses privacy-enhancing technologies to solve data management issues hopes to sign up five banks and launch as a legal entity.
After lengthy fight, Bloomberg’s Figi recognized as official US data standard
The Figi is free to use, and becomes the second reference data standard alongside Cusip, authorized for financial instrument identification by the American National Standards Institute.
Waters Wrap: A blockchain problem (And an alt data problem)
Anthony first looks at the alternative data industry and connects to QAnon, before explaining why there needs to be more hard numbers in the world of blockchain.
Brown Brothers Harriman continues AI ‘transformation’ of fund accounting unit
A new tool that helps business users test and validate their own POCs is set to join the bank’s ranks alongside its other AI projects implemented over the last two years: Linc, Guardrail, and Ants.
Shorter settlement cycles could hit non-US firms hard
As efforts continue to shorten the settlement cycle for US securities to T+1, market participants in Asia worry about the potential implications.
What can HKEx’s Synapse learn from watching ASX’s game of Chess?
HKEx is looking to leverage smart contracts for its Synapse platform. Sell-side participants are generally positive as to the reasoning behind the build, but observers warn the ambitious project still has challenges to overcome.
Waters Wrap: A useful use-case for blockchain? (And Broadridge’s bond play)
While not a fan of blockchain, Anthony looks at some potential use-cases for the tool in the world of capital markets. He also gives his thoughts on Broadridge’s soon-to-launch LTX platform.)
Blockchain ‘track-and-trace’ tech could tackle data compliance, audit exposure, experts say
Startup DLT provider TradeX proposes using blockchain's immutable ledger as an indisputable record of market data entitlements and consumption, to reduce licensing disputes.
This Week: Janus/SS&C; Wolters Kluwer; Tora/Neptune; Standard Chartered/Northern Trust; SimCorp; & More
A summary of some of the past week's financial technology news.
Waters Wrap: Blockchain is Still Overhyped (And Ion/Broadway Thoughts & the Consulting Boom)
In 2016, Anthony wrote that the blockchain revolution was overhyped—unsurprisingly, his opinions have not changed. He also delves into the Ion-Broadway deal, and looks at new consulting/advisory firms that have recently come to market.
This Week: RepRisk/JP Morgan; TP Icap; Moody’s/MioTech; FTSE Russell; SimCorp & More
A summary of some of the past week’s financial technology news.
BoE's Post-Trade Reform Efforts Will Need Full Industry Cooperation
The central bank's report on the future of post trade will face the same competitive interests that have hindered previous attempts at eliminating inefficiencies and bringing automation to the back office.
Nasdaq Repackages Clearing Platform for NFF Tech Stack
The exchange will add further portfolio applications to the NFF according to market demand.
AI Can Drive Reconciliations Efficiency In Period of Increased Volume
As the coronavirus drives trading volumes, post-trade processing is increasingly an area of operational risk, and firms should consider automation, analyst says.
Industry Participants Differ on Blockchain Benefits
As some firms are pushing forward with blockchain projects, others are saying it's not yet ready for prime time.
Torstone Buffs Middle-Office Bona Fides with Percentile Buy
Torstone will add a risk management component to its post-trade platform through its acquisition of the vendor.
HKEx Adopts Traiana FX Clearing Solution
Market participants can now clear deliverable FX trades regardless of how they were executed.
Corfinancial Elevates CFO Hobson to CEO
Hobson, who has served as CFO of Corfinancial for the last 15 years, will be responsible for expanding its market share and products globally.
CME, NEX Set to Clear Final Acquisition Hurdles
The two firms are moving quickly to complete their tie-up after UK antitrust regulators give the green light.
Fintech Could Demolish Europe’s Capital Markets Union Barriers
Influential lobby group urges European authorities to consider how technology could resolve outstanding issues with its single-market project.
Waters Wavelength Podcast Episode 95: Bitcoin/Blockchain News, BNP's Acquisition, Post-Trade Tech
Anthony and James take a look at some of the biggest news events from the past week.
The Post-Trade Reshuffle
The European Commission and the wider industry are turning their eyes to post-trade practices
Community Releases Guidelines For Post-Trade Use of FIX Standard
Working group says rules can reduce risks and costs
Trillium Taps USAM for Surveyor Sales
The deal provides Trillium with experienced staff to manage the sales process for its Surveyor analysis and compliance tool.