The Swiss bank tested various use cases in its trading business before giving up on the technology.
The reduction of settlement times from T+2 to T+1 for many US securities is likely to impact firms’ collateral management processes when it comes into force at the end of May 2024.
The reduction of settlement times from T+2 to T+1 for many US securities, set to come into force at the end of May 2024, is likely to impact a number of business processes across the sell side. Nadeem Shamim, head of cash and liquidity management at…
The SEC's proposed best execution regulation has ruffled some feathers. With a host of key details still to be resolved, industry experts say the rule in its current form could represent a big change in the way orders are handled.
New measures to safeguard digital assets threaten to squeeze the life out of custody business, insiders fear
With the ASX Chess DLT failure and users ignoring DTCC’s DLT option for its Trade Information Warehouse, Anthony wonders what it will take for the industry to stop touting this buzzword for non-specialized needs.
The regulator’s proposals would require breach notifications, public disclosures and annual cyber assessments.
FIA Boca 2023: SVP Bland “can’t imagine” outsourcing critical infrastructure; DRW’s Wilson warns of concentration risk
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…
While the companies that oversee Cusips find themselves embroiled in a lawsuit, Anthony questions where the DTCC stands in this unfolding drama.
According to one report, banks have been hit with penalties of up to €5 million per month under new CSDR settlement rules. As a result, banks are turning to AI to help.
Born from a consortium that includes JP Morgan and Bank of America, Versana aims to bring up-to-date and permissioned data to the syndicated loan market—the first step to a more transparent and faster operating market.
Bloomberg, Broadridge, BNP Paribas, and a handful of startups are working to address manual processes in the back office.
Following LSEG’s partnership with Microsoft, Anthony talks with some industry participants to explore what this might mean for exchange tech going forward.
Clients included American Century, Citi, State Street and Vanguard
Sources say that vendors will suffer the most in the fallout from ASX’s “paused” blockchain settlement project.
As crypto markets face a reckoning in the wake of the FTX scandal, standard-setters and industry participants say identifiers for tokens are key for the industry’s stability.
The future of exchange technology resides in the cloud…not blockchain. Anthony says ASX proved this with its Chess replacement project.
Tech giant IBM is targeting security, AI, and portability in the modernization of the mainframe as firms report still retaining “the workhorse of the back office.”
Neal Pawar, the former CTO of AQR and current COO of Qontigo, chats with Anthony about some of the major trends that are changing how asset managers interact with the vendor community, and how this shift mirrors the most significant evolutions in capital…
A wave of regulatory reviews is renewing interest in unified data repositories. But Josephine says a centralized utility for trade reporting is never going to happen.
Blockchain’s proponents say faster settlement times make the technology akin to TV’s streaming revolution.
As ASX’s Chess replacement project stalls yet again, Anthony wonders if the exchange is at risk of falling behind the likes of Cboe, Nasdaq and CME, which are making major investments in cloud technology.
Retooling repo: How Broadridge, Bloomberg, Tradeweb, and JP Morgan are modernizing repurchase agreements
From brokers to trading platform providers, players in the repo market are focused on initiatives around reducing settlement fails, increasing automation, and streamlining operations.