State Street Investment Management and Galaxy Asset Management have launched the State Street Galaxy Onchain Liquidity Sweep Fund (SWEEP). This tokenized private liquidity fund enables 24/7 on-chain cash management via stablecoin, subject to the availability of stablecoin in the fund’s portfolio, officials say. The launch is “a milestone in State Street’s digital strategy to offer… Read More >>
LSEG’s Open Risk Analytics Available via Maas Marketplace
LSEG officials say that Open Risk Analytics offering, part of its Post Trade Solutions business, is available via its Models as a Service (MaaS) marketplace, a move intended to expand client access to quantitative risk models. A hosted service, the Open Risk Analytics offering can be delivered via LSEG’s Analytics application programming interface (API), which… Read More >>
DTCC & SSImple Push for Fully Automated SSIs
Post-trade infrastructure provider the Depository Trust & Clearing Corp (DTCC) is working with fintech company SSImple to help custodians automate the submission of correct Standing Settlement Instructions (SSIs) into DTCC’s Alert system — an effort that has become crucial as European firms move closer to their T+1 deadline. The DTCC’s Alert SSI database encompasses multiple… Read More >>
SS&C Aims Agentic A.I. Platform at Complex Workflows
SS&C Technologies, a provider of multiple services and systems for securities operations, has launched a workflow automation platform that leverages agentic artificial intelligence (A.I.) technology for a unified control plane that can orchestrate people, A.I. agents, application programming interfaces (APIs), and digital workers in a “single governed environment,” officials say. The new SS&C Blue Prism… Read More >>
BNY Joins the CLSNet Service
Global custodian BNY has gone live on CLSNet, a bilateral payment netting calculation service, in an effort to “optimize and safeguard” FX operations against settlement risk, officials say. CLSNet is part of CLS, a settlement, processing, and data solutions provider for the foreign exchange (FX) industry. “CLSNet standardizes and automates post-trade matching and netting processes… Read More >>
Partnership Brings Proxy Voting to Tokenized Securities
Post-trade systems and services provider Broadridge Financial Solutions is partnering with Ondo Finance, a blockchain-native company that can tokenize real-world assets, to unlock proxy voting capabilities for “holders of third-party tokenized stocks and ETFs,” officials say. “Through this integration with a new Web3-enabled solution developed by Broadridge, holders of more than 250 Ondo tokenized stocks… Read More >>
Time for a Common Data Platform for Ops?
In Tokyo, two prominent companies are taking an innovative approach to back-office operations by exploring whether a common data platform could resolve many Ops woes. JPX Market Innovation & Research (JPXI), a subsidiary of the Japan Exchange Group (JPX) focused on JPX’s data, digital, and index businesses, and Japan Securities Finance (JSF), a provider of… Read More >>
Lighthouse Investment Partners Taps SS&C’s Managed IT Services
Lighthouse Investment Partners, a fund of hedge funds, has tapped SS&C’s Managed IT Services to modernize key elements of its technology infrastructure and support the firm’s long-term IT strategy to boost operational scalability, officials say. Part of that long-term effort is a strengthening of cybersecurity capabilities and streamlining global technology operations. “This transformation delivers a… Read More >>
BMLL & SpiderRock Launch Partnership
BMLL, a provider of historical Level 3, 2 and 1 data and analytics, is making SpiderRock’s Options Print Set data available through the BMLL Data Lab, officials say. The addition of SpiderRock’s Options Print Set data will help clients “analyze the interaction between options markets and underlying cash equity behavior within a single framework,” officials… Read More >>
SEC & CFTC Want to Ease PF Disclosure Obligations
The Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) are proposing Form PF amendments that they say will ease the reporting burdens for private funds. Form PF is “the confidential reporting form for certain SEC-registered investment advisers to private funds, including those that also are registered with the CFTC as a… Read More >>
