Trade processing
Once a blockchain cheerleader, Axoni changes its playbook
The fintech, whose origins can be traced back to the genesis of capital markets’ complicated flirtation with DLT, has largely ditched the tech as the foundation of its data synchronization offering, opting for more familiar territory.
Ticking clock: Firms in Asia face unique T+1 challenges
Firms in Asia worry about unintended consequences of massive change to settlement cycle.
Citi details API for HKEX’s Synapse
New pieces of technology, like Synapse, assist Citi in migrating clients to newer technologies, and newer ways to settle and clear more efficiently.
Millennium Management enlists Google for building custom tech solutions
Google Cloud’s capital markets director Rohit Bhat details the cloud giant’s buy-side strategy.
Using genAI for post-trade processing could reduce failures, fines
Shortening settlement times are pressuring firms to do more, faster. IBM’s Soren Mortensen argues that genAI and ML can help eliminate errors and speed up post-trade processes.
This Week: Delta Capita/SSimple, BNY Mellon, DTCC, Broadridge, and more
A summary of the latest financial technology news.
Banks, asset managers look to vendors for T+1 support
This whitepaper, created by WatersTechnology in association with SmartStream, focuses on the upcoming move in the US to T+1 (next-day settlement) of broker-dealer-executed trades.
Nasdaq–Adenza: A look at the tech
The exchange operator announced its intention to acquire the software firm, which combines AxiomSL and Calypso, in a deal that amounts to its largest acquisition to date.
This Week: Europe’s Mifir review, MarketAxess, FIA, and more
A summary of the latest financial technology news.
Hacked off: banks demand answers after Ion cyber attack
Clients have been left in the dark about the ransomware attack that disrupted futures trading last month.
A rough race begins: Industry faces uphill transition to T+1 settlement
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…
This Week: Finos, Cboe Global Markets, Aiviq/Alliance Bernstein & more
A summary of the latest financial technology news.
AI proves helpful for banks facing new cash penalties for settlement failures
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.
People Moves: FactSet, Talos, Broadridge, and more
A look at some of the key "people moves" from this week, including Neal Pawar (pictured), who joins Talos as a strategic adviser.
Europe could face settlement squeeze with T+1 proposals and CSDR fines
Move to shorten the settlement cycle in the US could have knock-on implications for other markets, as the EU grapples with a new penalty regime.
Is DLT post-trade a solution without a problem?
Sources question landmark projects' ability to use technology at scale as further delay besets ASX deployment
This Week: Deutsche Bank/FinLync, State Street/Paxos, Glue42/AllianceBernstein & More
A summary of the latest financial technology news.
This Week: Bloomberg; Charles River, DTCC, SmartStream & More
A summary of the latest financial technology news.
This Week: Amundi Tech; Broadridge/ Santander; Deutsche Börse & more
A summary of the latest financial technology news.
Bank-backed futures utility criticized as too ambitious
Osttra’s Joanna Davies is urging industry leaders to look for “quick wins”.
This Week: BNY Mellon/Milestone Group, IHS Markit, Broadridge/China Renaissance, and more
A summary of some of the past week’s financial technology news.