Risk and compliance vendor NICE Actimize has launched a “compliance-as-a-service” cloud-based offering that promises to provide surveillance capabilities across multiple asset classes. The new Actimize Cross-Asset Cloud Markets Surveillance solution will also offer case management capabilities to help financial services firms formulate their enterprise-wide scans for risk, vendor officials say. “Cross asset is extremely important… Read More >>
R3 Enlists 40 Banks in Fixed Income Blockchain Trial
The R3 distributed-ledger consortium, also known as R3Cev, has completed what it calls a successful trial of “five distinct blockchain technologies in parallel in the first test of its kind.” The trial “represented the trading of fixed income assets between 40 of the world’s largest banks across the blockchains, using multiple cloud technology providers within… Read More >>
Amazon Web Services to Support Key Markit Systems
Markit Signs On for Amazon Web Services A provider of data services and systems, Markit has adopted the low-rent cloud computing support of Amazon Web Services (AWS) to support “Markit products and services including enterprise data management (EDM), thinkFolio, WSO, indices and processing,” according to Markit officials. Markit EDM and WSO customers across North America… Read More >>
RFA Shatters Hardware Bottlenecks for Funds’ Transactions
A variety of securities firms such as hedge funds, private equity funds, funds of funds, wealth managers and alternative asset managers use private cloud services and on-demand, hosted infrastructure-as-a-solution (IaaS) options. Whether systems are hosted or onsite, the reliability of the underlying hardware is essential for the lightning speeds required for everything from execution to… Read More >>
UAE Firm Offers New Access to NY Trading Hub
A brokerage and foreign exchange investment firm based in the United Arab Emirates (UAE), ADS Securities, is offering its clients new connectivity to New York financial markets because customers are more concerned with the ways “they can connect than they are with the places,” according a spokesman for the firm. The Abu Dhabi-based firm, regarded… Read More >>
How Hurricane Sandy Put BNY’s Business Continuity to the Test
(Editor’s note: Hurricane Sandy devastated the East Coast and the Northeast of the U.S., among other regions, three years ago. According to current tallies, 233 people in eight countries died as a result of the hurricane’s destructive path, which caused $75 billion in damage. For Wall Street firms, the hurricane was a test of their… Read More >>
Interactive Data’s CTO: Clouds Are On the Horizon for Ops
(Cloud computing is making its way into securities operations, particularly for middle- and back-office administrative functions. While it’s early days for cloud-based trading and post-trade functions, Scott Caudell, chief technology officer (CTO), infrastructure for Interactive Data Corp., a reference and market data services vendor, foresees a time when the industry could embrace aspects of cloud-based… Read More >>
SS&C Embraces Cloud-Based Reporting via Varden Purchase
Services and software vendor SS&C Technologies is clearly in a buying mood as it announced its third acquisition this year — Varden Technologies, a provider of client and advisor communication solutions for investment firms — in a bid for the leadership position in cloud-based enterprise reporting. Earlier this year, SS&C acquired Citigroup’s Alternative Investor Services… Read More >>
Q&A with Advent and SS&C: ‘It’s amazing how money talks’
Editor’s note: This is another in a series of stories about SS&C Technologies and its acquisition of Advent Software. In mid-June, the U.S. Department of Justice cleared SS&C Technologies Holdings’s pending $2.7 billion cash acquisition of Advent Software, which was announced in February. When asked if this action means that the acquisition was going to… Read More >>
PageFreezer Bundles Social Media Compliance for Small Firms
PageFreezer, a Vancouver, British Columbia-based software-as-a-service (Saas) provider of website and social media archiving solutions, has unveiled new website and social media compliance bundles intended for financial services firms with fewer than 100 employees. The bundles simplify Financial Industry Regulatory Authority (FINRA) and SEC compliance for financial services firms by automatically archiving websites, blogs and… Read More >>
